definiens: means each Patent that is Controlled by [COMPANY] a s of the Effective Date or thereafter during the Term in the Territory that : ( i ) claims a Binder, a Binder Improvement, or a Lice nsed Product ( including in each case its composition, fo rmulation, combination, product by process, or meth od of use, manufacture, preparation or administration ) ; or ( ii ) otherwise claims inventions that that are necessa ry or useful for the Development or Commercialization of any Bin der, Binder Improvement or Licensed Product in the Field and in the Territory ; which as of the Effective Dat e and with respect to Binders for the Initial Progr ams consist of the Patents listed on Exhibit 1.47 . Notwithstand ing the foregoing, [COMPANY] Patents shall exclude cl aims not directed to a Binder, Binder Improvement or License d Product . [ * * * ]