definiens: means any of the following : ( a ) if Company : ( i ) becomes insolvent, or bankrupt, ( ii ) is adjudicated insolvent or bankrupt, ( iii ) admits in writing its inability to pay its debts, ( iv ) suffers the appointment of a custod ian, receiver or trustee for it or its property and, if appointed without its consent, not discharged or stayed withi n [ * * * ] days, ( v ) makes an ( as defined under applicable law ), or ( v i ) suffers proceedings being instituted against it 13 [ * * * ] Portions of this Exhibit have been redacted p ursuant to a Confidential Treatment Request . An unredacted version of this Exhibit has been filed Separately with the Securiti es and Exchange Commission under any law related to bankruptcy, insolvency, li quidation or the reorganization, readjustment or re lease of debtors and, if contested by it, not dismissed or s tayed within [ * * * ] days ; ( b ) the institution or com mencement by Company of any proceeding under any law related to bankruptcy, insolvency, liquidation or the reorgani zation, readjustment or release of debtors ; ( c ) the enterin g of any order for relief relating to any of the pr oceedings described in Section 7.4(a ) or ( b ) above ; ( d ) the c alling by Company of a meeting of its creditors wit h a view to arranging a composition or adjustment of its debts ; ( e ) the act or failure to act by Company indicatin g its consent to, approval of or acquiescence in any of the proce edings described in Section 7.4(a)-(e ) above ; or ( f ) the commencement by Company of any action against Unive rsity ( including an action for declaratory judgment ) to declare or render invalid or unenforceable the Pate nt Rights, or any claim thereof