definiens: means any of the following ( provided they are not for purposes of reorganization ): ( a ) if [COMPANY] ( i ) becomes insolvent, becomes bankrupt, or generally fails to pay i ts debts as such debts become due, ( ii ) is adjudicated insolvent or bankrupt, ( iii ) admits in writing its inability to pay its debts, ( iv ) suffers the appointment of a custodian, receiver, or trustee for it or its property and, if appointed without its con sent, is not discharged within [ * * * ], ( v ) makes an assignment for the benefit of creditors, or ( vi ) suffers proceedings being instituted against it under any law related to bankruptcy, insolvency, liquidation, or the reorganization, readjustment, or releas e of debtors and, if contested by it, not dismissed or stayed within [ * * * ] ; or ( b ) the calling by [COMPANY] of a meeting of its creditors with a view to arranging a composition or adjustment of its debts