definiens: means, with respect to a Party:(a ) the entry by a court of competent jurisdiction of : ( i ) a decree or order for relief in respect of a Party in an involuntary case or proceedingunder any Bankruptcy Law or ( ii ) a decree or order ( A ) adjudging a Party bankrupt or insolvent, ( B ) approving as properly filed a petitionseeking reorganization, arrangement, adjustment or -1 - composition of, or in respect of, a Party under any Bankruptcy Law, ( C ) appointing a custodian of a Party or of any substantial part of theproperty of a Party, or ( D ) ordering the winding - up or liquidation of the affairs of a Party, and in each case, the continuance of any suchdecree or order for relief or any such other decree or order remains unstayed and in effect for a period of [ * * * ] days ; or(b ) ( i ) the commencement by a Party of a voluntary case or proceeding under any Bankruptcy Law or of any other case or proceeding to beadjudicated as bankrupt or insolvent, ( ii ) the consent by a Party to the entry of a decree or order for relief in respect of such Party in aninvoluntary case or proceeding under any Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceedingagainst such Party, ( iii ) the filing by a Party of a petition or answer or consent seeking reorganization or relief under any Bankruptcy Law,(iv ) the consent by a Party to the filing of such petition or to the appointment of or taking possession by a custodian of such Party or of anysubstantial part of the property of such Party, ( v ) the making by a Party of an assignment for the benefit of creditors, ( vi ) the admission by aParty in writing of its inability to pay its debts generally as they become due, or ( vii ) the approval by stockholders of a Party of any plan orproposal for the liquidation or dissolution of such Party