definiens: re lating to either Orasense or [COMPANY] shall mean : 12.6.1 the appointment of a liquidator, re ceiver, administrator, examiner, trustee or similar officer of either Party of it or over all or a substantial part of its assets under the law of any applicable jurisdiction, including without limit, Bermuda, the United States of America or Ireland ; or 12.6.2 an application or petition for bank ruptcy, corporate re - organization, composition, administration, examination, arrangement or any oth er procedure similar to any of the foregoing under the law of any applicable jurisdiction, including w ithout limit, Bermuda, the United States of America or Ireland ( other than as part of a bona fide restr ucturing or reorganization ), is filed, and is not discharged within forty - five ( 45 ) days, or if eithe r Party applies for or consents to the appointment of a receiver, administrator, examiner or similar office r of it or of all or a material part of its assets, rights or revenues or the assets and/or the business of eithe r Party are for any reason seized, confiscated or condemned