Actual Manufacturing Cost definition

Actual Manufacturing Cost means those costs actually incurred by Lilly for the acquisition of materials and their conversion into salable Devices. Such costs include: (i) the landed cost of purchased materials, including without limitation, invoice price, outside processing costs, freight, duties, and brokers fees (volume or trade discounts will be reflected in the calculation); (ii) conversion costs (including, without limitation, direct labor and direct overhead) directly associated with the manufacturing of a Device; (iii) replacement costs for Devices that are determined to be defective or recalled during the quality control process or for Devices that are returned to Lilly from Amylin or the customer; (iv) an appropriate allocation of service and administrative departments performing functions which support Manufacturing operations directly associated with the Manufacturing of Devices, including those items as set forth on Exhibit A ; (v) depreciation of Device specific capital investments; (vi) depreciation of an allocation of general manufacturing equipment and facilities directly associated with Manufacturing of Devices; (vii) Device breakage; (viii) obsolete Devices; and (ix) to the extent attributable to the Manufacture of Devices, any other costs considered inventory costs or Costs of Products Sold under Generally Accepted Accounting Principles. All of these costs, and the methodology to be used in allocating indirect or overhead costs among Manufacturing operations hereunder and other Lilly manufacturing operations, shall be determined in a manner consistent with the internal methods used by Lilly for other products and consistent with Generally Accepted Accounting Practices in the U.S. The foregoing definition of Actual Manufacturing Cost assumes that Lilly uses Dedicated Capacity for primary equipment for the Manufacture of Devices. In the event that Lilly does not use Dedicated Capacity for primary equipment for the Manufacture of Devices, the Parties shall agree in good faith upon an appropriate allocation of costs associated with the Manufacture of Devices based on relative usage.
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Actual Manufacturing Cost means those costs actually incurred by Amylin or Lilly for the acquisition of materials from Third Party Suppliers or Lilly, and Manufacture and conversion into Pen Product. Such costs include, but are not limited to:
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Actual Manufacturing Cost means NEC’s actual direct and substantiated costs of manufacture or procurement, including (a) cost of components and other materials, (b) cost of direct or subcontracted labor (assembly and test), (c) manufacturing overhead (including but not limited to material loading, warranty, EDP system, inventory, management overhead, rent or depreciation, as applicable, and utilities), and (d) headquarters overhead (but excluding, development, sales and marketing activities).
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Examples of Actual Manufacturing Cost in a sentence

  • Calculation of the Actual Manufacturing Cost will be consistent with the usual methodology utilized by Amylin to calculate Amylin’s Cost of Products Sold in accordance with U.S. GAAP.

  • Each Party will have the right to audit the other Party’s financial books and records relating to this Agreement and the calculation of Actual Manufacturing Cost under the same terms and in the same manner as set forth in Section 4.9(e) of the Collaboration Agreement.

  • Calculation of the Actual Manufacturing Cost will be consistent with the usual methodology utilized by Lilly to calculate Lilly’s Cost of Products Sold.

  • Each Party will have the right to audit the other Party’s financial books and records relating to this Agreement and the calculation of Device Development Costs and Actual Manufacturing Cost under the same terms and in the same manner as set forth in Section 4.9(e) of the Collaboration Agreement.

  • For each Contract Year, the actual Supply Price of Commercial Product shall be equal to the Actual Manufacturing Cost of Nycomed in Euro of each Unit of Product in the preceding Contract Year plus a base profit margin of [**] percent ([**]%) of such Actual Manufacturing Costs (hereinafter referred to as the "Actual Supply Price of Commercial Product").

  • In the event such changes increase the costs of the Products, the Parties will review and adjust the basis for calculation of the Actual Manufacturing Cost.

  • All elements of Actual Manufacturing Cost shall be recorded in the currency in which they are paid or incurred by NEC, and amounts that are not denominated in U.S. Dollars will be converted to U.S. Dollars as a total sum using a conversion rate mutually-agreed by the parties.

  • Prior to a final decision being reached on any additional use(s) of the Pen Product assets covered by this Agreement other than for Pen Product, the Parties shall agree in good faith to modify the definition of Actual Manufacturing Cost set forth in Section 1.2 and any other applicable Terms.

  • Amylin will provide to Lilly a report containing the Actual Manufacturing Cost, in a format similar to and with the similar detail set forth in Exhibit H, within [***] after the end of each [***].

  • Stratus shall pay Actual Manufacturing Cost up to 1.5 times the Committed Cost for the relevant Joint Product.


More Definitions of Actual Manufacturing Cost

Actual Manufacturing Cost is defined as the cost of a Saleable Unit of a Product, packaged and delivered according to the specifications set forth in this Commercial Offer, and is composed of:
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Actual Manufacturing Cost has the meaning ascribed to that term in Section 4.2(a);
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Related to Actual Manufacturing Cost

  • Manufacturing Cost means [***].

  • Manufacturing Costs means [***].

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Manufacturing Site means the facilities where a Compound is Manufactured by or on behalf of a Party, as such Manufacturing Site may change from time to time in accordance with Section 8.7.

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Tobacco product manufacturer means an entity that after the date of enactment of this act directly (and not exclusively through any affiliate) meets 1 or more of the following:

  • Manufacturing Know-How means, with respect to the Product or any Variant thereof, the technology, data, designs, processes, methods, specifications and other know-how used in connection with the formulation, manufacture, labeling, packaging, quality control, release testing, and production of the Product, and all ingredients used therein and portions thereof.

  • Manufacturing Facility means buildings and structures, including machinery and equipment, the primary purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change.

  • Manufacturing Services means the manufacturing, quality control, quality assurance, stability testing, packaging, and related services, set forth in this Agreement, required to manufacture Product or Products from Active Materials and Components;

  • Net Sales means [***].

  • Product Manufacturer means the entity that assembles the component parts to manufacture the final Product;

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Drug Substance means an active ingredient that is intended to furnish pharmacological activity or other direct effect in the diagnosis, cure, mitigation, treatment, or prevention of disease or to affect the structure or any function of the human body, but does not include intermediates used in the synthesis of such ingredient.

  • Current Good Manufacturing Practices or “cGMP” means applicable Good Manufacturing Practices as specified in the United States Code of Federal Regulations and/or the EU Good Manufacturing Guidelines, and any successor legislation from time to time, prevailing at the time of the manufacture of the Product.

  • Cost of materials means the cost of components, parts or materials which are intended for the production, manufacturing or assembling of the goods bid for and which are not produced, manufactured or assembled in the factory where the production, manufacture or assembly of such goods occurs, including freight, landing costs, port charges, import duties and other import costs of such components, parts or materials and all costs in connection with the handling and transport thereof prior to delivery at that factory;

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Manufacturing Facilities means facilities engaged in the mechanical or chemical transformation of materials or substances into new products and shall include: