definiens: ), licenses ofrights to as defined in Title 11 . Each Party in its capacity as a licensor hereunder agrees that, in the event of thecommencement of bankruptcy proceedings by or against such bankrupt Party under Title 11, ( a ) the other Party, in its capacity as a licenseeof rights under this Agreement, shall retain and may fully exercise all of such licensed rights under this Agreement ( including as provided inthis Section 15.3 ) and all of its rights and elections under Title 11 and ( b ) the other Party shall be entitled to a complete duplicate of allembodiments of such intellectual property, and such embodiments, if not already in its possession, shall be promptly delivered to the otherParty ( i ) upon any such commencement of a bankruptcy proceeding, unless the bankrupt Party elects to continue to perform all of itsobligations under this Agreement, or ( ii ) if not delivered under ( i ), immediately upon the rejection of this Agreement by or on behalf of thebankrupt Party