definiens: means, with respect to any Party, the occurrence of any one of thefollowing events:(i ) an involuntary proceeding is commenced against such Party under any applicableUnited States bankruptcy, insolvency, reorganization or other similar United States orforeign law now or hereafter in effect, or a proceeding is commenced seeking appointmentof a receiver, liquidator, assignee, custodian, trustee, sequestrator ( or other similar official)for such Party or for all or any substantial part of its property and such proceeding shall notbe dismissed within [ * * ] or an order for relief by a court of competent jurisdiction shall beentered in any such proceeding ; or(ii ) such Party shall commence a voluntary proceeding under any applicable UnitedStates or foreign bankruptcy, insolvency, reorganization or other similar law now orhereafter in effect, or shall consent to the entry of an order for relief in an involuntary caseunder any such law, or shall consent to the appointment of or taking possession by areceiver, liquidator,4assignee, custodian, trustee, sequestrator ( or other similar official ) of such Party or of all orany substantial part of its property, or shall make an assignment for the benefit of creditors