definiens: means : ( a ) filing in any court or agency pursuant to any statute orregulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for anarrangement or for the appointment of a receiver or trustee of the Bankrupt Party or of its assets or(b ) being served with an involuntary petition against the Bankrupt Party, filed in any insolvencyproceeding, and such petition will not be dismissed within [ * * * ] after the filing thereof . Withoutlimitation, the Bankrupt Party ’s rights under this Agreement will include those rights afforded by 11U.S.C. § 365(n ) of the United States Bankruptcy Code ( the ) and any successorthereto . If the bankruptcy trustee of a Bankrupt Party as a debtor or debtor - in - possession rejects thisAgreement under 11 U.S.C. § 365(o ) of the Bankruptcy Code, then the other Party may elect to retainits rights licensed from the Bankrupt Party hereunder ( and any other supplementary agreementshereto ) for the duration of this Agreement and avail itself of all rights and remedies to the full extentcontemplated by this Agreement and 11 U.S.C. § 365(n ) of the Bankruptcy Code, and any otherApplicable Law