definiens: means, with respect to any Party, the occurrence of any of the following : ( i ) suchParty shall commence a voluntary case concerning itself under any bankruptcy, liquidation or insolvency code, ( ii ) aninvoluntary case is commenced against such Party and the petition is not dismissed within [ * * * ] after commencement of thecase, ( iii ) a court - supervised custodian is appointed for, or takes charge of, all or substantially all of the property of suchParty or such Party commences any other proceedings under any reorganization,14arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdictionwhether now or hereafter in eﬀect relating to such Party or there is commenced against such Party any such proceedingwhich remains undismissed for a period of [ * * * ], ( iv ) any order of relief or other order approving any such case or proceedingis entered, ( v ) such Party is adjudicated insolvent or bankrupt, ( vi ) such Party suﬀers any appointment of any court - appointed custodian, receiver or the like for it or all or substantially all of its property to continue undischarged or unstayedfor a period of [ * * * ], ( vii ) such Party makes a general assignment for the beneﬁt of creditors, ( viii ) the governing body orexecutive management of such Party shall make a duly authorized statement that it is unable to pay, or shall be unable topay, its debts generally as they become due, or ( ix ) such Party shall call a meeting of its creditors generally with a view toarranging a compromise or adjustment of its debts, or ( x ) any corporate, limited liability company, partnership or individualaction, as applicable, is taken by such Party for the specific purpose of effecting any of the foregoing