definiens: as defined u : lder Section 101(56 ) of the Bank - ruptcy Code . To"Par:;es agree t .at the licensing Par~/ unjer this Agreement shall retain andmay fully eXLr;;,e all of::!i rights and elee.:~ns ender the B3l'.kruptcy Code in the event of abankruJ : tc } by ~,e other Party . The Parties f ~ rlher agree that in the event of the commencementof a bankruptcy ] J·:ocec<'ingby or against one Party under the Bankruptcy Code, the other Partyshall be entitled to comple;e b':CesSto any suc ;, intellectual property pertaining to the rightsgranted ir, tht ] ; ; : ense, : lertundcr of the Part } by or against whom a bankruptcy proceeding hasbeen corrunc••.:ed and all embodiments of suc~ in ellectua ! property