definiens: means, on a country - by - country and Royalty Bearin g Product - by- Royalty Bearing Product basis, ( a ) with respect to all Roya lty Bearing Products that are Lead Products, the period of time beginning on the First Commercia l Sale Date and ending : ( i ) on March 31, 2024 in the United States, ( ii ) on December 31, 202 4 in the European Union, and ( iii ) in Other Countries, on the earlier of ( A ) the date there are no Licensed Patents claiming priority to [ * * ], in the applicable country or ( B ) December 31, 2024, an d ( b ) with respect to all Royalty Bearing Products that are Follow - On Products, the period of time beginning on the First Commercial Sale Date and ending upon the date the relevant Follow - O n Product is no longer Covered by a Licensed Patent in the applicable country . Notwithstanding t he foregoing, upon [COMPANY] ’s exercise of the [COMPANY] Co - Exclusive License Option, the term will have the meaning given to it in Section 2.4.2 ( Co - Exclusive License )