definiens: means any of the following : 1.25.1 If Licensee : becomes insolvent, bankrupt or generally fails to pay its debts as such debts become due ; is adjudicated insolvent or bankrupt ; a dmits in writing its inability to pay its debts ; or shall suffer a custodian, receiver or trustee for it or substantia lly all of its property to be appointed and, if app ointed without its consent, not be discharged within sixty ( 60 ) days ; makes an assignment of all or substantially all of its assets for the benefit of creditors ; or suffers proceedings un der any law related to bankruptcy, insolvency, liqu idation or the reorganization, readjustment or the release of debtors to be instituted against it and, if contest ed by it, not dismissed or stayed within thirty ( 30 ) days ; 1.25.2 If proceedings under any law related to bankruptcy, insolvency, liquidation, or the reorganization, readjustment or the release of debt ors are instituted or commenced by Licensee ; or 1.25.3 If any order for relief is entered relat ing to any of the proceedings described in Sections 1.25.1 or 1.25.2 ; or 1.25.4 If Licensee shall call a meeting of its creditors with a view to arranging a composition or adjustment of its debts ; or 1.25.5 If Licensee shall by any act or failure to act indi cate its consent to, approval of or acquiescence in any of the proceedings described in Sections 1.2 5.1, 1 . 25.2, 1.25.3 or 1.25.4