definiens: ), licenses of rights to as defined in the Insolvency Statute . [COMPANY] agrees that SP Ltd., as licensee of such rights under this Agreement shall retain and may fully exercise all of its rights and elections under the Insolvency Statute . [COMPANY] agrees during the Term of this Agreement to create and maintain current"copies or, if not amenable to copying, detailed descriptions or other appropriate embodiments, to the extent feasible, of all such intellectual property . If a case is commenced by or against [COMPANY] under the Insolvency Statute, [COMPANY] ( in any capacity, including debtor - in - possession ) and its successors and assigns ( including, without limitation, an Insolvency Statute Trustee ) shall, ( i ) as SP Ltd. may elect in a written request, immediately upon such request : ( A ) perform all of the obligations provided in this Agreement to be performed by [COMPANY] including, where applicable and without limitation, providing to SP Ltd. portions of such intellectual property ( including embodiments thereof ) held by ' [COMPANY] and such successors and assigns or otherwise available to them ; or ( B ) provide to SP Ltd. all such intellectual property ( including all embodiments thereof ) held by [COMPANY] and such . successors and assigns or otherwise available to them ; and ( ii ) not interfere with the rights of SP Ltd. under this Agreement, or any agreement supplemental hereto, to such intellectual