definiens: ) licenses of rights to as defined in Section 101(52 ) of the Code . The licensee Party under this Agreement shall retain and may fully exercise all of its rights and elections under the Code, subject to performance by such Party of its obligations under this Agreement . In the event of the commencement of a bankruptcy proceeding by or against a Party under the Code, the licensee Party shall, to the extent permitted by law, be entitled to a complete duplicate of ( or complete access to, as appropriate ) any such intellectual property and all embodiments thereof, which shall promptly be delivered to the licensee Party, at its sole expense : ( i ) upon written request following commencement of a bankruptcy proceeding, or ( ii ) if not delivered pursuant to subsection ( i ), above, upon written request following the rejection in bankruptcy of this Agreem ~ nt by or on behalf of the bankrupt Party . In the event of a filing for bankruptcy or insolvency by a Party, such Party shall, to the extent permitted by law, confirm to the receiver, trustee or liquidator that the intellectual property rights licensed hereunder are, notwithstanding such license, the sole property of the licensor Party and may not be disposed of by licensee except as expressly provided herein