definiens: ), licenses of rights to as defined inTitle 11 . Each Party in its capacity as a licensor hereunder agrees that, in the event of the commencement of bankruptcyproceedings by or against such bankrupt Party under Title 11 : ( i ) the other Party(ies ), in its / their capacity as a licensee(s ) ofrights under this Agreement, retains and may fully exercise all of such licensed rights under this Agreement, including asprovided in this Section 15.6, and all of its rights and elections under Title 11 ; and ( ii ) the other Party(ies ) is / are entitled to acomplete duplicate of all embodiments of such intellectual property, and such embodiments, if not already in its possession, will be promptly delivered to the other Party : ( 1 ) upon any such commencement of a bankruptcy proceeding, unless thebankrupt Party elects to continue to perform all of its obligations under this Agreement ; or ( 2 ) if not delivered under ( 1),immediately upon the rejection of this Agreement by or on behalf of the bankrupt Party