definiens: means the occurrence of any of the following : ( i ) S - P or M or any of their respective Significant Subsidiaries makes a general assignment for the benefit of creditors ; ( ii ) S - P or M or any of their respective Significant Subsidiaries becomes insolvent ; ( iii ) ' S - P or M or any of their respective Significant Subsidiaries files any application or petition in any tribunal for the appointment of a trustee or receIver ; ( iv ) S - P or M or any of their respective Significant Subsidiaries commences any proceeding leading towards the adjudication ofS - P or M or any of their respective Significant Subsidiaries as insolvent under any bankruptcy or reorganization statute, or under any provision ofthe United States Banlcruptcy Code, or under any insolvency law in a relevant jurisdiction, whether now or hereafter in effect ; or ( v ) any petition or application of the types described in clauses ( i ) through ( iv ) above is commenced against S - P or M or any of their respective Significant Subsidiaries and is not dismissed within sixty ( 60 ) days after filing, or an order is entered appointing a trustee, receiver, or custodian for S - P or M or any of their respective Significant Subsidiaries, or an order for a reliefis issued in any banlauptcy proceeding