definiens: means, with respect to any Person, any of the following : 2 ( a ) such Person shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar lawnow or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similarofficial of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or takingpossession by any such official in an involuntary case or other proceeding commenced against it, or shall make ageneral assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shalltake any corporate action to authorize any of the foregoing ; ( b ) an involuntary case or other proceeding shall be commenced against such Person seekingliquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or othersimilar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or othersimilar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remainundismissed and unstayed for a period of sixty ( 60 ) days ; or an order for relief shall be entered against such Personunder the federal bankruptcy laws as now or hereafter in effect ; or ( c ) a receiver or trustee shall be appointed with respect to such Person or all or substantially allof the assets of such Person