definiens: means any one of the following : ( a)a resolution shall have been passed by that Party ’s directors to seek a winding up or administrationorder, or a petition for a winding up or administration order shall have been presented against thatParty, or such an order shall have been made ; ( b)a receiver, administrative receiver, receiver and manager, interim receiver, custodian, sequestrator orsimilar officer is appointed in respect of that Party or over a substantial part of its assets or any ThirdParty takes steps to appoint such an officer in respect of that Party or an encumbrancer takes stepsto enforce or enforces its security ; ( c)a step or event shall have been taken or arisen which is similar or analogous to any of the steps orevents listed in Sections ( a ) through ( b ) ; ( d)that Party makes any general assignment, composition or arrangement with or for the benefit of all orsome of that Party ’s creditors or makes or suspends or threatens to suspend making payments to allor some of that Party ’s creditors or the Party submits to any type of voluntary arrangement ; or ( e)where ( i ) that Party is resident in Belgium or the European Union, as the case may be, it is deemed, bya court of competent jurisdiction, to be unable to pay its debts generally within the meaning ofApplicable Laws or ( ii ) where that Party is resident in the United States, it is deemed, by a court ofcompetent jurisdiction, to be unable to pay its debts generally within the meaning of the United StatesBankruptcy Code