definiens: means the occurrence of one of the following events : ( i ) [COMPANY] makes a generalassignment for the benefit of creditors ; ( ii ) [COMPANY] files an insolvency petition in bankruptcy ; ( iii ) [COMPANY] petitionsfor or acquiesces in the appointment of any receiver, trustee or similar officer to liquidate or conserve its business orany substantial part of its assets ; ( iv ) [COMPANY] commences under the laws of any jurisdiction any proceedinginvolving its insolvency, bankruptcy, reorganization, adjustment of debt, dissolution, liquidation or any other similarproceeding for the release of financially distressed debtors, or the board of directors ( or other governing body ) ofSenomyx votes to commence any such proceeding or ( v ) [COMPANY] becomes a party to any proceeding or action ofthe type described above and such proceeding or action remains undismissed or unstayed for a period of more than [ ... * * * ... ]