Definition of Pre-Closing Royalty


Pre-Closing Royalty means the Kowa Royalty payable under the AG Agreement with respect to all periods prior to January 1, 2016.

Examples of Pre-Closing Royalty in a sentence

No later than two (2) days prior to the Closing, Dyax shall provide written notice to Buyer setting forth the amount of the Pre-Closing Royalty Payment.
If after Closing it is discovered that the actual amount of the Pre-Closing Royalty Payment was greater than the amount set forth in such notice, then Dyax shall, within two (2) days of learning thereof, pay to the Buyer the difference.