definiens: shall mean, with respect t o the Existing Product, the period commencing on th e Effective Date and continuing until the later of ( a ) * or ( b ) * . With respect to each Second Generatio n Product, the Royalty Term shall mean, the period commencing on the *, and continuing until the * or ( b ) * * confidential treatment requested 5 * 1.31 shall mean an y injectible formulation or other formulation for l ocal administration, or any formulation for controlled o r sustained release, of a Taxoid(s ) ( an ), other than the Existing Product, which is being dev eloped or commercialized by or under the authority of [COMPANY], or in which [COMPANY] otherwise has an int erest, at any time during the term of this Agreemen t. It is understood that each Second Generation Product shal l include any modifications made thereto in order t o obtain Marketing Approval in either Party ’s Territory . Not withstanding the foregoing, Second Generation Produ ct shall not include the HySolv ® or ReSolv ® formulation of a Taxoid, which are IV and oral formulations respect ively