definiens: ), licenses of rights to as defined in Title 11 . Each Party in its capacit y as a licensor hereunder agrees that, in the event of the commencement of bankruptcy proceedings by or agains t 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 fully exercise all of such licensed rights under this Agreement ( including as · provided in this Section · 13.3 ) and all of its rights and elections under Title 11 and ( b ) the other Party shall be entitled to a complete duplicate of all embodiments of such intel lectual property, and such embodiments, if not alre ady in its possession, shall be promptly delivered to the othe r Party ( i ) upon any such commencement of a bankrup tcy proceeding, unless the bankrupt Party elects to con tinue to perform all of its obligations under this Agreem ent, or ( ii ) if not delivered under ( i ), immediately upon t he rejection of this Agreement by or on behalf of t he bankrupt Party