definiens: ), licenses of rights to as defined in Title 11 . During the term of this Agreement each Party shall create and maintain current copies to the extent practicable of all such intellectual property . If a bankruptcy proceeding is commenced by or against one Party under Title 11, the other Party shall be entitled to a copy of any and all such intellectual property and all embodiments of such intellectual property, and the same, if not in the possession of such other Party, shall be promptly delivered to it ( a ) upon such Party 's writte n request following the commencement of such bankruptcy proceeding, unless 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 thi s Agreement, or ( b ) if not delivered as provided under 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 Licensee has taken possession of all applicable embodiments of the intellectual property of Licensor pursuant to this Section 10.5 and the trustee in bankruptcy of Licensor does not reject this Agreement, Licensee shall return such embodiments upon req uest . If Licensor seeks or involuntarily is placed under Title 11 and the trustee rejects this Agreement as contemplated under 11 U.S.C. 365(n)(1 ), Licensee hereby elects, pursuant to Section 365(n ) to retain all rights granted to License e under this Agreement to the extent permitted by law