Estimated Accrued Royalty

Estimated Accrued Royalty. An estimate of the Accrued Royalty determined as follows: (i) for all periods of time for which Titan has publicly disclosed Net Sales or such other data as may be relevant to the computation of the Royalty ("Royalty Information"), the Estimated Accrued Royalty shall be determined based upon such publicly reported Royalty Information; (ii) for all time periods subsequent to the most recent period prior to the Closing Date for which Titan has publicly disclosed Royalty Information (the "Interim... Period"), the Royalty Information shall be deemed to be the same, on an average daily basis, as the most recent complete fiscal quarter prior to the Interim Period for which Titan has publicly disclosed Royalty Information View More