definiens: will mean, with respect to a Person, ( a ) an adjudication that it is bankrupt or insolvent, or the entry of an order for relief under applicable bankruptcy orany similar law ; ( b ) the making by it of a general assignment for the benefit of creditors ; ( c ) the commencement by it of a voluntary case or other proceeding seeking liquidation, reorganization or otherrelief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect(other than a liquidation for taxSchedule 1 restructuring purposes that results in a Member ’s Membership Interest being distributed to a permitted assignee underthis Agreement ), or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official over itor any substantial part of its property, or consent to any such relief or to the appointment of or taking of possessionby any such official in an involuntary case or other proceeding commenced against it ; or ( d ) the commencement against it of an involuntary case or other proceeding seeking liquidation, reorganization orother relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter ineffect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official over it or anysubstantial part of its property, such involuntary case or other proceeding remaining undismissed or unstayed for aperiod of sixty ( 60 ) days