definiens: or shall mean the sale, transfer, exchange, or other commercial disposition of Licensed Products whether by gift or otherwise by CBT, its Affiliates or sublicensees or any Authorized Third Party authorized by CBT to make such sale, transfer, exchange or disposition including, but not limited to, the commercial use of Licensed Products by CBT or any other person or entity authorized ( other than concomitant with commercial sale of such product in a royalty - bearing transaction ) to use Licensed Products by CBT . Sales of Licensed Products shall be deemed consummated upon the first to occur of : ( a ) receipt of payment from the purchaser ; ( b ) delivery of Licensed Products to the purchaser or a common carrier ; ( c ) release of Licensed Products from consignment ; ( d ) ifdeemed Sold by use, when first put to such use ; or ( e ) if otherwise transferred, exchanged, or disposed of, whether by gift or otherwise, when such transfer, exchange, gift, or other disposition occurs