definiens: means, with respect to any item of Information, Regulatory Documentation, material, Patent, or other property right existing on or after the Effective Date and during the Term, possession of the right, whether directly or indirectly, and whether by ownersh ip, license or otherwise ( other than by operation of the license and other grants in Section 2.1 or Section 2.2 ), to grant a license, sublicense or other right ( including the right to reference Regulatory Documentation ) to or under such Information, Regula tory Documentation, material, Patent, or other property right as provided for herein without violating the terms of any agreement or other arrangement with any Third Party or triggering any payment obligation to a Third Party ( other than under the Existing Third Party Agreements ) . Notwithstanding the foregoing, no Patents or Information will be by Licensor hereunder if such Patents or Information are owned or in -licensed by a Third Party that becomes an Affiliate of Licensor after the Effective Date as a result of Licensor ( a ) acquiring such Third Party or a portion of the business of such Third Party or ( b ) being acquired by such Third Party ( in each case, whether by merger, stock purchase or purchase of assets )