Definition of Pre-Closing Royalty

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

Definition of Pre-Closing Royalty in Asset Purchase Agreement

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