definiens: means ( a ) an admission in writing by the Seller of its inability to pay its debts generally or a general assignment bythe Seller for the benefit of creditors, ( b ) the filing of any petition or answer by the Seller seeking to adjudicate itself as bankrupt or insolvent, or seekingfor itself any liquidation, winding - up, reorganization, arrangement, adjustment, protection, relief or composition of the Seller or its debts under anyApplicable Law relating to bankruptcy, insolvency, receivership, winding - up, liquidation, reorganization, examination, relief of debtors or other similarApplicable Law now or hereafter in effect, or seeking, consenting to or acquiescing in the entry of an order for relief in any case under any suchApplicable Law, or the appointment of or taking possession by a receiver, trustee, custodian, liquidator, examiner, assignee, sequestrator or other similarofficial for the Seller or for any substantial part of its property, or ( c ) corporate or other action taken by the Seller to authorize any of the actions set forthabove