definiens: means the occurrence of any of the following : ( a ) theinstitution of any bankruptcy, receivership, insolvency, reorganization or othersimilar proceedings by or against a Party under any bankruptcy, insolvency, orother similar law now or hereinafter in effect, including any section or chapter of theUnited States Bankruptcy Code, as amended or under any similar laws or statutesof the United States or any state thereof ( the ), where in thecase of involuntary proceedings such proceedings have not been dismissed ordischarged within [ * * * ] after they are instituted ; ( b ) the insolvency or making of anassignment for the benefit of creditors or the admittance by a Party of anyinvoluntary debts as they mature ; ( c ) the institution of any reorganization, arrangement or other readjustment of debt plan of a Party not involving theBankruptcy Code ; ( d ) the 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 Partyin furtherance of any of the foregoing actions