definiens: means the occurrence of any of the following : ( a ) the institution of any bankruptcy, receivership, insolvency, reorganization or other similar proceedings by or against a Party underany bankruptcy, insolvency, or other similar law now or hereinafter in effect, including any sectionor chapter of the United States Bankruptcy Code ( 11 U.S.C. Sec . 101 et seq . ), as amended orunder any similar laws or statutes of the United States or any state thereof 19(the ), where in the case of involuntary proceedings such proceedings havenot been dismissed or discharged within [ … * * * … ] after they are instituted, ( b ) making of anassignment of the assets associated with the Compound for the benefit of creditors, ( c ) theinstitution of any reorganization, arrangement or other readjustment of debt plan of a Party notinvolving the Bankruptcy Code, ( d ) appointment of a receiver for all or substantially all of aParty ’s assets, or ( e ) any corporate action taken by the board of directors of a Party in furtheranceof any of the foregoing actions