definiens: shall mean any of the following : ( i ) An event of default by Licensee under any of th e Transaction Documents ; E-6 ( ii ) If Licensee becomes insolvent, bankrupt or gen erally fails to pay its debts as such debts become due ; is adjudicated insolvent or bankrupt ; a dmits in writing its inability to pay its debts ; or shall have appointed a custodian, receiver or trust ee for it or substantially all of its property and, if appointed without its consent, not be discharged wi thin thirty ( 30 ) days ; makes an assignment for the benefit of creditors ; or suffers proceedings under any law related to bankruptcy, insolvency, liquidation or the reorganization, readjustment or the release of debtors to be instituted against it and if, contested by it, not dismissed or stayed within twenty ( 20 ) days ; ( iii ) If Licensee shall call a meeting of its credi tors with a view to arranging a composition or adjustment of its debts ; ( iv ) If Licensee shall by any act or failure to act indicate its consent to, approval of or acquiescence in any of the proceedings described in Sections 4.2(b)(ii ) or ( iii ) ; or ( v ) the fourth anniversary of the date hereof