definiens: means any of the following : 1.27.1If Licensee becomes insolvent, bankrupt or generally fails to pay its debts as such debts become due ; isadjudicated insolvent or bankrupt ; admits in writing its inability to pay its debts ; or shall suffer acustodian, receiver or trustee for it or substantially all of its property to be appointed and, if appointedwithout its consent, not be discharged within thirty ( 30 ) days ; makes an Assignment for the benefit ofcreditors ; or suffers proceedings under any law related to bankruptcy, insolvency, liquidation or thereorganization, readjustment or the release of debtors to be instituted against it and, if contested by it, notdismissed or stayed within ten ( 10 ) days;1.27.2 If proceedings under any law related to bankruptcy, insolvency, liquidation, or the reorganization, readjustment or the release of debtors are instituted or commenced by Licensee;1.27.3 If any order for relief is entered relating to any of the proceedings described in Sections 1.27.1 or1.27.2;1.27.4 If Licensee shall call a meeting of its creditors with a view to arranging a composition or adjustmentof its debts ; or1.27.5 If Licensee shall by any act or failure to act indicate its consent to, approval of or acquiescence inany of the proceedings described in Sections 1.27.1 through 1.27.4