definiens: with respect to the CVRs, means each one of the following events whichshall have occurred and be continuing ( whatever the reason for such Event of Default and whether it shall be voluntaryor involuntary or be effected by operation of Law or pursuant to any judgment, decree or order of any court or anyorder, rule or regulation of any administrative or governmental body ): ( i ) default in the payment of all or any part of the CVR Payment Amount after a periodof ten ( 10 ) days after the CVR Payment Date ; ( ii ) material default in the performance, or breach in any material respect, of anycovenant or warranty of Parent in respect of the CVRs, and continuance of such default or breach for a periodof thirty ( 30 ) days after there has been given, by registered or certified mail, to Parent by the Rights Agent orto Parent and the Rights Agent by the Acting Holders, a written notice specifying such default or breach andrequiring it to be remedied and stating that such notice is a hereunder ; ( iii ) a court having jurisdiction in the premises shall enter a decree or order for relief inrespect of Parent in an involuntary case under any applicable bankruptcy, insolvency or other similar Law nowor hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator ( orsimilar official ) of Parent or for any substantial part of its property or ordering the winding up or liquidation ofits affairs, and such decree or order shall remain unstayed and in effect for a period of ninety ( 90 ) consecutivedays ; or ( iv ) Parent shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar Law now or hereafter in effect, or consent to the entry of an order for relief in aninvoluntary case under any such Law, or consent to the 13 appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator ( orsimilar official ) of Parent or for any substantial part of its property, or make any general assignment for thebenefit of creditors