definiens: ) licenses of rights to as defined in Section 101(56 ) of theBankruptcy Code ( and any equivalent provisions under the bankruptcy or insolvency laws of any other relevantjurisdiction ) . The Parties shall retain and may fully exercise all of their respective rights and elections under theBankruptcy Code . The non - bankrupt Party shall further be entitled to a complete duplicate of, or complete access to, any such intellectual property and all embodiments of such intellectual property, which, if not already in itspossession, shall be promptly delivered to the non - bankrupt Party ( a ) upon the commencement of a bankruptcyproceeding upon the non - bankrupt Party ’s written request therefor, unless the Party subject to such proceedingelects to continue to perform all of its obligations under this Agreement or ( b ) if not delivered under clause ( a ) above, following the rejection of this Agreement by or on behalf of the Party subject to such proceeding upon written requesttherefor by the non - bankrupt Party