definiens: . Insolvency Event means, in relation to either Party, any one of thefollowing : ( a ) that Party becomes insolvent ; ( b ) that Party is the subject of voluntary or involuntary bankruptcyproceedings instituted on behalf of or against such Party ( except for involuntary bankruptcy proceedings which aredismissed within sixty ( 60 ) days ) ; ( c ) an administrative receiver, receiver and manager, interim receiver, custodian, sequestrator or similar officer is appointed in respect of that Party ; ( d ) a notice shall have been issued to convene ameeting for the purpose of passing a resolution to wind up that Party, or such a resolution shall have been passedother than a resolution for the solvent reconstruction or reorganization of that Party ; ( e ) a resolution shall have beenpassed by that Party or that Party ’s directors to make an application for an administration order or to appoint anadministrator ; or ( f ) that Party proposes or makes any general assignment, composition or arrangement with or for thebenefit of all or some of that Party ’s creditors or makes or suspends or threatens to suspend making payments to allor some of that Party ’s creditors