definiens: ,, or means, with respect to any Intellectual Property ri ght, the possession of ( whether by ownership or license, other than licenses granted pursuant to this Agree ment ) or the ability of a Party to grant access to, or a license or sublicense of, such right as provided for herei n without violating the terms of any agreement or other arrangement wit h any Third Party existing as of the first time suc h Intellectual Property right is within the license ( or sublicense ) granted to the other Party hereunder . 1.15 ( in all its verb and adjectival forms, such as and ) means ( a ) with respect to Valid Patent Claims in an issued patent, that, in the absence of a license, the use, sale, or manufacture of the product in question would infringe such Vali d Patent Claim or ( b ) with respect to a Valid Paten t Claim in a pending application, that, in the absence of a lice nse, the use, offer for sale, sale, importation or manufacture of the product in question would infringe such Valid P atent Claim, should such claims issue substantially as pending