definiens: . Royalty Term shall mean, with respect to each Royalty - Bearing Product in each country of the Territory, the period of time ending on the later of : ( i ) twelve ( 12 ) years from the date of the First Commercial Sale of such Royalty - Bearing Product in such country, provided that, during such time BSC maintains at least a 60 % market share in delivery of the Nitric Oxide Releasing Compound contained in such Royalty - Bearing Product in the Field in such country as measured in any six - month period, and ( ii ) the latest date on which the manufacture, use or sale of such Royalty - Bearing Product in such country is ( A ) covered by a claim of [COMPANY] Patent Rights or ( B ) in the case of Royalty - Bearing Products containing [COMPANY] Delivered Compounds, covered by a claim of Joint Patent Rights