definiens: means any of the following : ( a ) Licensor 's admission in writing that it is unable to pay its debts generally as they become due ; ( b ) Licensor 's making of a general assignment for the benefit of creditors ; ( c ) the commencement of foreclosure proceedings afrccting the Software by any creditor of Licensor, which proceedings are not dismissed within sixty ( 60 ) days after service thereof on Licensor ; ( d ) Licensor 's consent to the filing of a pelition of bankruptcy against it ; ( e ) the filing of a petition of bankruptcy against Licensor that remains unstayed or is nOI dismissed within sixty ( 60 ) days after such filing ; I L = E ~ rr ~ ec~ · t ~ iv ~ e~:~5~/l~/OO ~ LI ~ o ~ E ~ M ~ A ~ lt = e ~ rn ~ a ~ n ~ s ~ P ~ ro ~ d = u ~ ct ~ SJP2e ~ c ~ if ~ ic ~ at ~ i(~)n ~ s ~ I ~ OO~-~O~3~39~-~O ~ o ~ I _ _ _ _ ~I ~ P ~ ag~'e~ _ _ _ _ J ( I ) the adjudication of Licensor as heing bankrupt or insolvent by a court of competent jurisdiction ; ( g ) any action by Licensor seeking reorganization under any bankruptcy act or law of debtor 's moratorium or Licensor 's consent to the filing of a petition seeking such reorganization ; ( h ) the entry of a decree against Licensor by a court of competent jurisdiction appointing a receiver, liquidator, trustee, or assignee in bankruptcy or in insolvency covering all or substantially all of Licensor 's property or providing for the liquidation of Licensor 's property or business affairs ; ( i ) the termination of substantially all of Licensor 's on - going business operations relating to the Software ; ( j ) any liquidation of Licensor, or involuntary sale ; ( k ) cessation of business or of the maintenance or support of the Software by Licensor