definiens: in relation to a Party or entity shall mean any of the following events:(i)that Party ceasing or threatening to cease to carry on business;(ii)that Party being deemed by a competent authority to be unable or admitting inability topay its debts;(iii)a moratorium is declared by a competent authority in respect of any indebtedness of thatParty;10(iv)that Party giving notice to any of its creditors that it has suspended or is about to suspendpayment of any of its debts;(v)that Party commencing negotiations with one or more of its creditors with a view torescheduling any of its indebtedness by reason of financial difficulties;(vi)an arrangement, composition, or assignment with or for the benefit of its creditors isentered into or proposed by or in relation to that Party;(vii)a receiver, administrative receiver, liquidator, or compulsory manager taking possessionof or being appointed over the whole or any material part of the assets of that Party;(viii)any expropriation, attachment, sequestration, distress, execution or other analogousprocess is levied or enforced on or affects the whole or any material part of the assets ofthat Party ( and is not discharged within [ * * * ] ) ; ( ix)enforcement of any mortgage, charge, pledge, lien or other security interest securing anyobligation of any person or any other agreement or arrangement having a similar effectover any assets of that Party;(x)that Party or its directors or the holder of a qualifying floating charge giving notice of his, their or its intention to appoint an administrator;(xi)that Party or its directors or any of its creditors or the holder of a qualifying floating chargemaking an application to the court for the appointment of an administrator;(xii)an administrator being appointed of that Party;(xiii)the winding - up, dissolution, administration or reorganisation ( by way of voluntaryarrangement, scheme of arrangement or otherwise ) with respect to that Party ; providedthat this does not apply to any winding - up petition that is frivolous or vexatious and isdischarged, stayed or dismissed within [ * * * ] of commencement;(xiv)that Party being struck off the register of companies ; or(xv)the happening in relation to that Party of an event analogous to any of the above in anyjurisdiction in which it is incorporated or resident or in which it carries on business or hasassets