definiens: means, with respect to any Party, the occurrence of any of the following:(i ) such Party shall commence a voluntary case concerning itself under any bankruptcy, liquidation or insolvencycode ; ( ii ) an involuntary case is commenced against such Party under any bankruptcy, liquidation or insolvency codeand the petition is not controverted within ten ( 10 ) business days, or is not dismissed within sixty ( 60 ) days, aftercommencement of the case ; ( iii ) a custodian is appointed for, or takes charge of, all or substantially all of the propertyof such Party or such Party commences any other proceedings under any reorganization, arrangement, adjustment ofdebt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether now or hereafterin effect relating to such Party or there is commenced against such Party any such proceeding which remainsundismissed for a period of sixty ( 60 ) days ; ( iv ) any order of relief or other order approving any such case orproceeding is entered ; ( v ) such Party is adjudicated insolvent or bankrupt ; ( vi ) such Party suffers any appointment ofany custodian, receiver or the like for it or any substantial part of its property to continue undischarged or unstayed fora period of sixty ( 60 ) days ; ( vii ) such Party makes a general assignment for the benefit of creditors ; ( viii ) such Partyshall be unable to pay, its debts generally as they become due ; ( ix ) such party shall call a meeting of its creditors witha view to arranging a compromise or adjustment of its debts ; ( x ) such Party shall by any act or failure to act consentto, approve of or acquiesce in any of the foregoing ; or ( xi ) any corporate, limited liability company, partnership orindividual action, as applicable, is taken by such Party for the purpose of effecting any of the foregoing