definiens: shall mean, with respect to eac h Product in each country in the MN Territory, the period of time beginning with the date of the First Commercial Sale of such Product by MN or its Affil iates in such country and continuing until the later of ( a ) the last date on which the manufacture, use or sale of such Product in such country would infringe a Valid Pate nt Claim held by KR but for the license granted by this Agreement or ( b ) the last date of the Market Exclus ivity Period in such country . In the event that in any country ( x ) neither a Valid Patent Claim nor Market Exclusi vity Period existed during any period in which Prod uct is sold in such country and ( y ) Product is not subject to Generic Competition in such country, then the R oyalty Term in such country shall be for a period commenci ng on the date of the First Commercial Sale of Prod uct by MN or its Affiliates in such country and expiring o n the earlier of ( i ) five ( 5 ) years from such date or ( ii ) the end of the second consecutive Calendar Quarter in which Generic Competition exists in such country