definiens: -the period of twenty four months after Launch . -in relation to either Party, means anyone of the following : ( a ) a notice shall have been issued to convene a meeting for the purpose of passing a resolution to wind up that Party, or such a resolution shall have been passed other than a resolution for the solvent reconstruction or reorganisation of that Party ; or ( b ) a resolution shall have been passed by that Party 's directors to seek a winding up or a petition for a winding up shall have been presented against that Party which, in the case of a petition presented against a Party, shall not have been appealed within seven ( 7 ) days of having been lodged or such an order shall have been made and shall not have been dismissed within thirty ( 30 ) days thereafter ; or ( c ) a receiver, administrative receiver, receiver and manager, interim receiver, custodian, sequestrator or similar officer is appointed in respect of that Party or an encumbrancer takes steps to enforce or enforces its security against such Party which shall not have been dismissed by a court of competent jurisdiction within thirty ( 30 ) days thereafter ; or ( d ) ( i ) a resolution shall have been passed by that Party or that Party 's directors to make an application for an administration order or to 10 appoint an administrator, or ( ii ) an application for an administration order shall have been made to the court or a notice of appointment of an administrator shall have been filed at the court in respect of that Party, which in the case of such an application made to the court or notice filed with the court, shall not have been appealed within seven ( 7 ) days of having been made or filed or such an order or appointment shall have been dismissed within thirty ( 30 ) days thereafter ; or ( e ) a proposal for a voluntary arrangement shall have been made in relation to that Party under Part I Insolvency Act 1986 ; or ( f ) a step or event shall have been taken or arisen outside the United Kingdom, in the jurisdiction in which a Party shall be incorporated or trade, in respect of such Party, which is similar or analogous to any of the steps or events listed at ( a ) to ( e ) above ( including in the case of Licensee under the US Bankruptcy Code ( including a filing under Chapter 11 proceedings ) or other relevant laws of the USA which, in the case of a filing made against Licensee, shall not have been appealed within 7 days of having been lodged or such an order shall have been made and dismissed within thirty ( 30 ) days thereafter ; or ( g ) that Party proposes or makes any general assignment, composition or arrangement with or for the benefit of all or some of that Party 's creditors or makes or suspends or threatens to suspend making payments to all or some of that Party 's creditors or the Party submits to any similar type of voluntary arrangement with its creditors