definiens: means any of the following : ( a ) if Company ( i ) becomes bankrupt orgenerally fails to pay its debts as such debts become due, ( ii ) is adjudicated insolvent or bankrupt, ( iii ) admits in writing itsinability to pay its debts, ( iv ) suffers the appointment of a custodian, receiver or trustee for it or its property and, if 16PATENT LICENSE AGREEMENT appointed without its consent, not discharged within ninety ( 90 ) days, ( v ) makes an assignment for the benefit of creditors, or(vi ) suffers proceedings being instituted against it under any law related to bankruptcy, insolvency, liquidation or thereorganization, readjustment or release of debtors and, if contested by it, not dismissed or stayed within ninety ( 90 ) days;(b ) the institution or commencement by Company of any proceeding under any law related to bankruptcy, insolvency, liquidation or the reorganization, readjustment or release of debtors ; ( c ) the entering of any order for material relief relating toany of the proceedings described in clause ( a ) or ( b ) above ; or ( d ) the act or failure to act by Company indicating its consentto, approval of or acquiescence in any of the proceedings described in clauses ( a ) to ( c ) above