definiens: means, with respect to either Party : ( a)a notice having been issued to convene any meeting for the purpose of passing a resolution or seeking a petitionto wind up or liquidate that Party, or to seek bankruptcy or official administration, or such a resolution having beenpassed or such a petition having been issued, including a petition under title 11 of the United States Code or anysimilar statute, Law or regulation ( except in relation to a solvent reconstruction or reorganization of that Party ) ; ( b)an involuntary petition in an insolvency proceeding or any proceeding seeking reorganization, arrangementcomposition, readjustment, liquidation or similar relief under any statute, Law or regulation, is filed against a Partyand is not dismissed or stayed within ninety ( 90 ) days of the filing thereof or that Party admits or accepts ; ( c)a trustee in bankruptcy, receiver, administrative receiver, receiver and manager, court appointed receiver, interimreceiver, custodian, sequestrator or similar officer is appointed in respect of that Party or over any part of thatParty 's assets or any third party takes steps to appoint such an officer in respect of that Party and is notdismissed, vacated or stayed within ninety ( 90 ) days of the appointment thereof and if stayed, is not dismissed orvacated within ninety ( 90 ) days of the such stay ; ( d)a Party takes any step, ( including starting negotiations ), with a view to readjustment, rescheduling or deferral ofany part of that Party 's indebtedness including a moratorium with creditors, or proposes or makes any generalassignment, composition or arrangement with or for the benefit of all or some of that Party 's creditors or makes orsuspends or threatens to suspend making payments to all or some of that Party 's creditors or the Party submitsto any type of voluntary arrangement with creditors ; or ( e)a Party takes any step, ( including starting negotiations ), to file a petition or answer seeking for that Party anyreorganization, arrangement, composition, conservatorship, winding up, readjustment, liquidation or similar reliefunder any statute, Law or regulation