definiens: ), licenses of rights to as defined in Tit le XI . During the Term each Party shall create and maintain current copies to the extent practicable of all suc h intellectual property . If a bankruptcy proceeding 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 p ossession of such other Party, shall be promptly delivered to it ( a ) upon such Party ’s written request following th e commencement of such bankruptcy proceeding, unless the Party subject to such bankruptcy proceeding, or its trustee or receiver, elects within [ * * * ] days to co ntinue to perform all of its obligations under this Agreement, or ( b ) if not delivered as provided under clause ( a ) a bove, 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 take n possession of all applicable embodiments of the int ellectual property of the other Party pursuant to t his Section 11.2 and the trustee in bankruptcy of the other Par ty does not reject this Agreement, the Party in pos session of such intellectual property shall return such embodi ments upon request . If a Party seeks or involuntari ly is placed under Title XI and the trustee rejects this Agreeme nt as contemplated under 11 U.S.C. 365(n)(1 ), the o ther Party hereby elects, pursuant to Section 365(n ) of Title XI, to retain all rights granted to it under this A greement to the extent permitted by law