definiens: shall mean, with respect to a Party, if any of th e following events occurs : such Party ( a ) becomes the subject of any proceedings re lating to its liquidation, insolvency or for the ap pointment of a receiver or similar officer for it, which is not di scharged in its favor with prejudice within thirty ( 30 ) days thereafter ; ( b ) makes an assignment for the benefit of all or substantially all of its creditors, or e nters into an agreement for the recomposition, extension or 2 readjustment of all or substantially all of its obl igations ; ( c ) files a petition or other document se eking relief under the United States or foreign bankruptcy laws ; or ( d ) has filed against it, a petition or other documen t seeking relief under the United States or foreign bankruptcy laws, which is not discharged with prejudice within thir ty ( 30 ) days thereafter