definiens: ), licenses of rights to as defined in Title 11 . Each Party in its capacity as a licensor hereunder agrees that, inthe event of the commencement of bankruptcy proceedings by or against such bankrupt Party under Title 11,(a ) the other Party, in its capacity as a licensee of rights under this Agreement, shall retain and may fullyexercise all of such licensed rights under this Agreement ( including as provided in this Clause 16.3 ) and all ofits rights and elections under Title 11, and ( b ) the other ( licensee ) Party shall be entitled to a completeduplicate of all embodiments of such intellectual property, and such embodiments, if not already in itspossession, shall be promptly delivered to the other ( licensee ) Party ( i ) upon any such commencement of abankruptcy proceeding, unless the bankrupt Party elects to continue to perform all of its obligations under thisAgreement, or ( ii ) if not delivered under ( i ), immediately upon the rejection of this Agreement by or on behalfof the bankrupt Party