definiens: means that portion of any payments ( a ) actually received by Buyer or its Affiliate from itslicensee or sublicensee in consideration for the grant of a Naked License to such licensee or sublicensee and(b ) attributable specifically to the Acquired Sirna Patents being licensed or sublicensed pursuant to such NakedLicense ( subject to the applicable adjustments under the applicable Naked License agreement for royalty stacking andgeneric entry . Such payments include, but are not limited to, license fees, milestone payments, license maintenancefees, royalties, and value attributable to the premium received by Buyer above fair market value of any Buyer equityissued . Sublicense Value excludes loaned or reimbursable amounts ( including research and patent expensereimbursements ), payments at reasonable cost for the supply of products or for research or other services providedby Buyer or its Affiliates and fair market value consideration for the purchase of an equity interest in Buyer or itsAffiliates in conjunction with the issuance of such license or sublicense ) . In the event that Buyer or its Affiliate grantmore than one Naked License to the same Third Party during any twelve ( 12 ) month period, such Naked Licensescollectively shall be treated as one Naked License to such Third Party for the purposes of determining SublicenseValue . In the event that, during any twelve ( 12 ) month period, Buyer or its Affiliate grant to the same Third Party or itsAffiliate both a Naked License and a license under other Intellectual Property owned by or licensed to Buyer or itsAffiliate, such licenses collectively shall be treated as one Naked License to such Third Party for the purposes ofdetermining Sublicense Value