Calculation of Factory Cost Sample Clauses

Calculation of Factory Cost. “Factory cost” is defined as the “total cost of goods in their finished state following a process of manufacture, excluding any profit, marketing costs, taxes and Other duties”. For manufactured goods to qualify as originating, the result of the final process of manufacture, performed in the territory of a PICTA Party, and the total expenditure on Originating Material costs, Labour and Overhead costs must be at least 40% of the total expenditure on Material, Labour and Overheads (whether or not incurred in the Territory of that Party). Figure 1 below depicts this requirement graphically. ROO paragraph 3(b) refers to the “total expenditure on Material, labour and overheads” which, through the definitions of each of these cost components detailed in paragraph 1, will be synonymous with the PICTA defined factory cost of the good. Figure 1 Q u alitativ e c r iter i a – s o le or f ina l p roc e s s o f m a nu fa c ture mu st h a v e xx x x x x la c e in P a rty Q u a n tita tiv e cr ite r ia – v a lu e adde d fro m th is p roc e s s of m a nu fa c ture m u st be at le as t 4 0 % QU A L I F Y I NG E X P E ND I T U R E C o s ts in c u rre d b y th e P a r ty d u rin g th e m a nufa c t u r e of th e fin a l g ood O r ig in a t in x X x x x x ia l + L a b o u r + O v e r h e a d C o s t s x 10 0 ≥ 40 % M a t e r ial + L a bou r + O v e r h e ad Co s t s FA C T O R Y C O S T V a lu e o f to t a l in p u ts r e q u ir e d to m a nufa c t u r e t h e fina l good
Sample 1
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Related to Calculation of Factory Cost

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  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

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  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

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