definiens: shall mean, with respect to a Product, all consideration received by EPIX or its Affiliates as consideration for the grant of a license to such Product(s ) pursuant to Section 4.3(c ), excluding ( i ) payments with respect to Net Sales of a Product ; ( ii ) payments made by a Third Party in consideration for the issuance of equity or debt, and ( iii ) payments made by a Third Party to support or fund research or development activities taken by EPIX or EPIX ’ subcontractors . For purposes of clarity, if EPIX enters into such licenses for more than one Product, the foregoing definition of Licensed Income will continue to appl y to any consideration received with respect to the license for the second and subsequent Product notwithstanding the occurrence of the First Commercial Sale of the first Product . Amounts received after the First Commercial Sales of a Product shall not con stitute License Income if they are conditioned on events ( other than the payment date ) occurring on or after the First Commercial Sale