definiens: means * * * 1.46 means, with respect to any Party, the occurrence of any of the following : ( a ) such Party shallcommence a voluntary case concerning itself under any bankruptcy, liquidation or insolvency code ; ( b ) an involuntary case iscommenced against such Party and the petition is not dismissed, bonded or stayed within ninety ( 90 ) days aftercommencement of the case ; ( c ) a court - supervised custodian is appointed for, or takes charge of, all or substantially all of theproperty of such Party to continue undischarged or unstayed for a period of ninety ( 90 ) days ; ( d ) any order of relief or otherorder approving any such case or proceeding is entered ; ( e ) such Party is adjudicated insolvent or bankrupt ; and ( f ) such Partymakes a general assignment for the benefit of creditors