definiens: means, with respect to any Party, the occurrence of any of the following events : 1.87.1the Party files or resolves to file for protection under ( i ) bankruptcy, ( ii ) insolvency, ( iii ) reorganisation ( save in the case of asolvent reorganisation ), ( iv ) restructuring ( save in the case of a solvent restructuring ) or ( v ) business rescue laws applicableto that Party in any jurisdiction ; 1.87.2the Party makes an assignment for the benefit of creditors ; 1.87.3the Party appoints or suffers appointment of a receiver, administrative receiver, bailiff or trustee or analogous appointmentover substantially all of its property ; 1.87.4the Party proposes or implements a scheme of arrangement, company voluntary arrangement or other agreement ofcomposition, compromise or extension of its debts ( other than in circumstances where such scheme, arrangement oragreement would have no adverse impact on the rights of any other Party to this Agreement ) ; 1.87.5the Party proposes or is a party to any dissolution or liquidation or ceases continuation of substantially all of its business ; 1.87.6the Party is subject to any filing of an application or a petition under any ( i ) bankruptcy, ( ii ) insolvency, ( iii ) reorganisation(save in the case of a solvent - 15 – CONFIDENTIAL * * * Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission . [ * * * ] indicatesthat text has been omitted and is the subject of a confidential treatment request . Table of Contents reorganisation ), ( iv ) restructuring ( save in the case of a solvent restructuring ) or ( v ) business rescue laws or has any suchapplication or petition filed against it that, in any such case, is not discharged, in the case of an application or petition filed inthe UK, within [ * * * ] of the filing thereof or, in the case of an application or petition filed in any other jurisdiction, within [ * * * ] ofthe filing thereof ; or 1.87.7the Party admits in writing its inability generally to meet its obligations as they fall due in the general course ( providingalways that a request for fulfilment of a specific obligation to be postponed for a specified time shall not amount to anadmission that the Party is generally unable to meet its obligations as they fall due )