definiens: means, in relation to either Party, any one of the following : ( a ) that Party becomes insolvent ( asdetermined under the laws of that Party ’s jurisdiction of organization ) ; ( b ) that Party is the subject of voluntary orinvoluntary bankruptcy proceedings instituted on behalf of or against such Party ( except for involuntary bankruptcyproceedings which are dismissed within sixty ( 60 ) days ) ; ( c ) an administrative receiver, receiver and manager, interimreceiver, custodian, sequestrator or similar officer is appointed in respect of that Party ; ( d ) a resolution shall have beenpassed by that Party ’s directors or stockholders to wind up that Party, other than a resolution for the solventreconstruction or reorganization of that Party ; ( e ) a resolution shall have been passed by that Party ’s directors orstockholders to make an application for an administration order or to appoint an administrator ; or ( f ) that Party proposesor makes any general assignment, composition or arrangement with or for the benefit of all or some of that Party’screditors or makes or suspends or threatens to suspend making payments to all or some of that Party ’s creditors or theParty submits to any type of voluntary arrangement