definiens: means with respect to a Party ( a ) the entry of an order forrelief under the Bankruptcy Code ( or any other bankruptcy, insolvency, reorganization or othersimilar act or law of any jurisdiction now or hereafter in effect ) by such Party ; ( b ) thecommencement of an involuntary proceeding under the Bankruptcy Code or any otherbankruptcy, insolvency, reorganization or other similar act or law of any jurisdiction now orhereafter in effect against such Party, if not dismissed, bonded or stayed within ninety ( 90 ) daysafter such commencement ; ( c ) the making by such Party of a general assignment for the benefitof creditors ; or ( d ) the appointment of or taking possession by a receiver, liquidator, assignee, custodian, or trustee of all or substantially all of the business or property of such Party,1.11 means, with respect to a LicensedProduct, the approval of an application filed with the FDA granting such Licensed Product a designation in accordance with the rules and regulations promulgatedunder the United States Federal Food, Drug, and Cosmetic Act, as amended from time to time