definiens: means, with respect to any Person, any of thefollowing : ( a ) such Person shall commence a voluntary case or other proceedingseeking liquidation, reorganization or other relief with respect to itself or its debts underany bankruptcy, insolvency or other similar law now or hereafter in effect or seeking theappointment of a trustee, receiver, liquidator, custodian or other similar official of it or anysubstantial part of its property, or shall consent to any such relief or to the appointmentof, or taking possession by, any such official in an involuntary case or other proceedingcommenced against it, or shall make a general assignment for the benefit of creditors, orshall fail generally to pay its debts as they become due, or shall take any corporateaction to authorize any of the foregoing ; ( b ) an involuntary case or other proceeding shall be commenced againstsuch Person seeking liquidation, reorganization or other relief with respect to it or itsdebts under any bankruptcy, insolvency or other similar law now or hereafter in effect orseeking the appointment of a trustee, receiver, liquidator, custodian or other similarofficial of it or any substantial part of its property, and such involuntary case or otherproceeding shall remain undismissed and unstayed for a period of sixty ( 60 ) days ; or anorder for relief shall be entered against such Person under the federal bankruptcy lawsas now or hereafter in effect ; or ( c ) a receiver or trustee shall be appointed with respect to such Personor all or substantially all of the assets of such Person