definiens: shall mean, in relation to either Party, 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 sllch resolution shall have been passed other than a resolution for the solvent reconstruction or reorganisation of that Party or for the purpose of inclusion of any p, m of JJ the share capital of that Party in the Official List of the London Stock Exchange or in the list of the American Stock Exchange or quotation of the same on the National Association of Securities Dealers Automated Quotation System or any other international stock exchange or an application by that Party for registration as a public company In accordance with the requirements of the Companies Act 1985 : or ( b ) a resolution shall have been passed by that Party 's directors to seek a winding up or an administration order or a petition for a winding up or administration order shall have been presented against that Party which, in the case of a petition presented against a Party, shall not have been appealed within 7 days of having been lodged or such an order shall have been made and shall 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 over a substantial part of its assets or any third party takes steps to appoint such an officer in respect of that Party or an encumbrancer takes steps to enforce and enforce s its security which shall not have been dismissed by a court of competent jurisdiction within thirty ( 30 ) days thereafter : or ( d ) a proposal for a voluntary arrangement shall have been made in relation 10 that Party under Part I Insolvency Act 1986 ; or ( e ) a step or event shall have been taken or arisen outside the United Kingdom which is similar OT analogous to any of the steps or events listed at ( a ) to ( d ) above in the case of Bermuda under the laws of Bermuda and in the case of COB under the laws of USA but for avoidance of doubt including in the case of COB filing of a petition under the US Bankruptcy Code including a filing under Chapter 11 proceedings . which . in the case of a filing made against a Party, shall not have been appealed within 7 days or 14 having been lodged or such an order shall have been made and dismi ssed within thirty ( 30 ) days thereafter : or ( 0 that Party takes any step ( including starting negotiation s ) with a view to readjustment . rescheduling or deferral of any part of that Party 's indebtedness . or propose s or makes any general assignment, composition or arrangements with Of for the benefit of all Of some of that Party 's creditors or makes or suspends or threaten s to suspend making payments to all or some of that Patty 's creditors or the Patty submit s to any type of voluntary anangement or ( g ) where that Party is resident in the United Kingdom it is deemed to be unable to pay its debts within the meaning of Section 123 Insolvency Act 1986