3. Pre Closing Royalty Payments

Definition of Pre-Closing Royalty Payments

  1. Pre-Closing Royalty Payments means (a) any and all Included Product Payments due to Dyax as a result of Net Sales of the Included Products from January 1, 2010 until the date on which the Closing shall have occurred and (b) the [*****].

Definition of Pre-Closing Royalty Payments in Interest Purchase Agreement

Pre-Closing Royalty Payments means (a) any and all Included Product Payments due to Dyax as a result of Net Sales of the Included Products from January 1, 2010 until the date on which the Closing shall have occurred and (b) the [*****].