definiens: ), licenses and rights to as defined under Section 101 ( 60 ) of the Bankruptcy Code . The parties agree that the other Party, as a licensee of such rights under this Agreement, 69 shall retain and may fully exercise all of its rights and elections under the Bankruptcy Code . Each Party agrees during the tenn of this Agreement to create and maintain current copies or, if not amenable to copying, detailed descriptions or other appropriate embodiments, of all such intellectual property . The parties further agree that, in the event of the commencement·ofa bankruptcy proceeding by or against one Party under the Bankruptcy Code, the other Party shall be entitled to a complete duplicate of ( or complete access to, as appropriate ) any such intellectual property and all embodiments of such intellectual property, and same, if not already in its possession, shall be promptly delivered to the other Party ( i ) upon any such commencement of a bankruptcy proceeding upon written request therefor by the other Party, unless such Party elects to continue to perfonn all of its obligations under this Agreement, or ( ii ) if not delivered under 0 ) above, upon the rejection of this Agreement by or on behalf of such Party upon written request therefor by the other Party