definiens: means:(i ) filing in any court or agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy orinsolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of the BankruptParty or of its assets ; ( ii ) proposing a written agreement of composition or extension of a Bankrupt Party ’s debts;(iii ) being served with an involuntary petition against the Bankrupt Party, filed in any insolvency proceeding, and suchpetition shall not be dismissed within sixty ( 60 ) days after the filing thereof ; ( iv ) proposing or being a party to anydissolution or liquidation when insolvent ; or ( v ) making an assignment for the benefit of creditors . Without limitation, the Bankrupt Party ’s rights under this Agreement shall include those rights afforded by 11 U.S.C. § 365(n ) of theUnited States Bankruptcy Code ( the ) and any successor thereto . If the bankruptcy trustee of aBankrupt Party as a debtor or debtor - in - possession rejects this Agreement under 11 U.S.C. § 365(o ) of theBankruptcy Code, the Other Party may elect to retain its rights licensed from the Bankrupt Party hereunder ( and anyother supplementary agreements hereto ) for the duration of this Agreement and avail itself of all rights and remediesto the full extent contemplated by this Agreement and 11 U.S.C. § 365(n ) of the Bankruptcy Code, and any otherrelevant laws