definiens: means, with respect to an Operating Party, ( a ) such Operating Party ’s filing a petition involuntary bankruptcy or making an assignment for the benefit of creditors or consenting to the appointment of areceiver of all or any substantial part of its property, or filing a petition to take advantage of any laws affecting debtorsgenerally, in each of the foregoing cases only if it is directed to and will result in liquidation of such Operating Party, or(b ) the commencement against such Operating Party of any case, proceeding or other action seeking the adjudicationof such Operating Party as bankrupt by a court of competent jurisdiction or the appointment by such a court of atrustee or receiver or receivers of such Operating Party of all or any substantial part of the property of such OperatingParty upon the application of any creditor in any insolvency or bankruptcy proceeding or other creditors suit, whichcase, proceeding or other action is not dismissed within sixty ( 60 ) days after its commencement, in each of theforegoing cases only if it is directed to and will result in liquidation of such Operating Party