definiens: ), lice nses of rights to as defined in Title XI . During the Term of this Agreement each Party shall create and maintain current copies to the extent practicable o f all such intellectual property . If a bankruptcy p roceeding is commenced by or against one Party under Title XI, t he other Party shall be entitled to a copy of any a nd all such intellectual property and all embodiments of such i ntellectual property, and the same, if not in the -39- possession of such other Party, shall be promptly d elivered to it ( a ) upon such Party ’s written reques t following the commencement of such bankruptcy proceeding, unl ess the Party subject to such bankruptcy proceeding, or its trustee or receiver, elects within thirty ( 30 ) days to continue to perform all of its obligations under this Agreement, or ( b ) if not delivered as provided unde r clause ( a ) above, upon such other Party ’s request following the rejection of this Agreement by or on behalf of the Party subject to such bankruptcy proceeding . If a Party has taken possession of all applicable embodiments of t he intellectual property of the other Party pursuan t to this Section 14.5 and the trustee in bankruptcy of the o ther Party does not reject this Agreement, the Part y in possession of such intellectual property shall retu rn such embodiments upon request . If a Party seeks or involuntarily is placed under Title XI and the trus tee rejects this Agreement as contemplated under 11 U.S.C