definiens: means, except for the event of a solvent reorganization or amalgamation, ( i ) the filing by a Party in court or agency pursuant to any applicable statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of a Party or of its assets, or ( ii ) the filing by a Third Party against a Party of an involuntary petition in bankruptcy or seeking reorganization, liquidation, dissolution, winding up arrangement, composition or readjustment of such Party 's debts or any other relief under any bankruptcy, insolvency, reorganization or other similar act or law of any jurisdiction now or h, ereafter in effect, or the issuance of a warrant of attachment, execution or similar process against a Party, and, in each case, only if the applicable petition, warrant of attachment, execution or similar process is not dismissed within ninety ( 90 ) days after the filing thereof, or ( iii ) if any Party proposes or is a Party to any dissolution or liquidation under applicable law, or makes an assignment for thc benefit of creditors