definiens: means, with respect to a Member, the occurrence of any of the following : ( a ) the filing of anapplication by such Member for, or a consent to, the appointment of a trustee of such Member 's assets ; ( b ) the filing by suchMember of a voluntary petition in bankruptcy or the filing of a pleading in any court of record admitting in writing suchMember 's inability to pay its debts as they come due ; ( c ) the making by such Member of a general assignment for the benefitof such Member 's creditors ; ( d ) the filing by such Member of an answer admitting the material allegations of, or suchMember 's consenting to, or defaulting in answering a bankruptcy petition filed against such Member in any bankruptcyproceeding ; or ( e ) the expiration of sixty ( 60 ) days following the entry of an order, judgment or decree by any court ofcompetent jurisdiction adjudicating such Member a bankrupt or appointing a trustee of such Member 's assets