View source for Template:ISDA Master Agreement 1992 5(a)(vii)(4)

::(4) institutes or has instituted against it a proceeding seeking a judgment of [[insolvency]] or [[bankruptcy]] or any other relief under any [[bankruptcy]] or [[insolvency]] law or other similar law affecting [[creditor]]s’ rights, or a petition is presented for its [[winding-up]] or [[liquidation]], and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition <br>
:::(A) results in a judgment of [[insolvency]] or [[bankruptcy]] or the entry of an order for relief or the making of an order for its winding-up or liquidation or <br>
:::(B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; <br>