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Cost of Goods Sold Sample Clauses

Cost of Goods Sold. The provisions of this section shall govern the determination of the cost of a unit of Compound or Collaboration Product. The accumulated costs of such unit as determined hereunder shall be referred to as “Cost of Goods.” When such unit is sold or transferred to Shire, in the case of New River, or to a Third Party, in the case of Shire, the Cost of Goods of such unit shall become the unit’s Cost of Goods Sold, subject to the selling Party’s inventory flow methods adopted.
Cost of Goods SoldThe term "Cost of Goods Sold" shall mean, with respect to the vehicle that secures the repayment of a Receivable, the sum of (i) the direct cost paid for such vehicle, (ii) reconditioning costs, (iii) taxes paid with respect to the sale of such vehicle, (iv) cost of registration and application for title and (v) all commissions paid by Borrower with respect to the sale of such vehicle that generated such Receivable.
Cost of Goods Sold. Cap (“COGS Cap”) in OMP Territory. Cost of Goods Sold in OMP Territory should not exceed [***]. The applicable OMP Territory Earned Royalty rate under consideration of this COGS Cap, shall be calculated in accordance with the timelines mentioned in Section 6.5. In the event the total COGS percentage exceeds the [***] threshold, the incremental percentage over the [***] threshold will be reduced from the OMP Territory Earned Royalty rate so that the reduction in royalties will result in a total COGS equal to [***]. In any instance where a royalty reduction is in effect (e.g., under Section 6.8) the royalty reduction will also apply to the COGS Cap, such that the COGS Cap is also reduced. For the purposes of Fully Allocated Manufacturing Costs/royalty calculation, the average of the OMP and Grünenthal Fully Allocated Manufacturing Costs, without any internal xxxx-ups of Affiliates and/or external royalties to licensors of OMP-ADF-Formulation, shall be used. In order to determine the average, each Party shall provide to the other Party its Fully Allocated Manufacturing Costs on an annual basis which shall be subject to audit by the other Party in accordance with Section 6.12(f). The rights to audit (with Grünenthal personnel or outside auditors) the records of OMP and its Affiliates as provided for under this Agreement shall extend to audits of OMP’s and its Affiliates’ records for purposes of confirming the Cost of Goods contemplated by this Section.
Cost of Goods Sold. We purchase the majority of our primary feedstocks from Shell companies. As discussed, Shell may also provide site services, utilities, materials, facilities, and operatorship services. Amounts due to related parties were $18.7 million and $27.8 million as of December 31, 2002 and 2001, respectively.
Cost of Goods Sold. Cost of Goods Sold shall be equal to the sum of Material Costs, Direct Labor costs and Indirect Costs. (The information below marked by ***** has been omitted by a request for confidential treatment. The omitted portion has been separately filed with the Commission.)
Cost of Goods SoldThe Cost of Goods Sold shall mean the direct costs of producing the goods and/or services sold by the company, including the cost of materials and labor directly used to create the good or service, while excluding indirect expenses, such as distribution costs, sales force costs, and administrative costs. In valuing the goods and services sold, the Average Cost Method shall be utilized for the twelve months preceding the month on which the buy-out transaction occurs. Installments Based Upon Gross Profit.
Cost of Goods Sold. Cost of Goods Sold" shall include (i) the manufacturing costs from an OEM vendor of the Products, (ii) packaging costs associated with the manufacture and distribution of the Products, (iii) sterilization costs associated with the Products, and (iv) shipping costs associated with the Products.
Cost of Goods Sold. Inventory at beginning of year (Should agree to prior year’s ending inventory) Purchases less cost of items withdrawn for personal use Cost of labor Materials and supplies Other costs (List type and amount; add schedule if needed.) Inventory at end of year Advertising Bad debts from sales or services (accrual basis taxpayers only) Car and truck expenses (Provide details on separate sheet) Commissions and fees Depletion Depreciation (Provide depreciation schedules) Employee a. Health insurance and other benefits b. Retirement contributions Insurance (Other than health) Interest: a. Mortgage (Paid to banks, etc.) b. Other Legal and professional fees Office expense Rent or lease: a. Vehicles, machinery, and equipment b. Other business property Repairs and maintenance Supplies Taxes and licenses (Enclose copies of payroll tax returns) State taxes Travel, meals, and entertainment: a. Travel b. Meals and entertainment Utilities Wages (Enclose copies of forms W3/W2) Club dues: a. Civic club dues b. Social or entertainment club dues Other expenses (List type and amount) COMMENTS: CAPITAL GAINS AND LOSSES — Enclose all Forms 1099-B, 1099-S, and Closing Disclosure(s). If not available, complete the following schedule OR provide brokerage account statements and transaction slips for sales and purchases and provide any missing tax basis. Description Date Acquired Date Sold Sales Proceeds Cost or Basis Gain (Loss) Enter any sales NOT reported on Forms 1099-B and 1099-S or C losing Disclosure statements. Description Date Acquired Date Sold Sales Proceeds Cost or Basis Gain (Loss) RENTAL AND ROYALTY INCOME (SCHEDULE E) — Complete a separate schedule for each property. Include all Forms 1099 associated with rental and royalty activities. YES NO Description and location of property Did the fiduciary actively participate in the rental activity? Residentialproperty? Commercial property? Personal use? If yes, complete the information below. Number of days the property was occupied by you, or a related party not paying rent, at the fair market value. Number of days the property was not occupied. Income: Amount Amount Rents received Royalties Received Expenses: Mortgage interest Legal and other professional fees Other interest Cleaning and maintenance Insurance Commissions Repairs Utilities Auto and travel Management fees Advertising Supplies Taxes Other (itemize) If this is the first year we are preparing your return, provide depreciation records. Description Date placed in se...
Cost of Goods SoldWithin thirty (30) days after Horus determines the standard cost price for the year used in the determination of Cost of Goods Sold, Horus shall deliver to Licensor a report showing the standard cost price and reasonable detail of the actual and estimated costs and estimated number of Product units used to determine the standard cost price. All estimates used by Horus in determining the standard cost price shall be reasonable and shall accurately reflect known or determinable costs, and shall be based upon reasonable and consistent estimates of sales. All currency amounts shall be expressed in United States dollars.
Cost of Goods Sold. The following pro forma adjustments (increase)/decrease cost of goods sold for the nine months ended September 30, 2015, and year ended December 31, 2014: MillerCoors’ beer purchases from MCBC(1) $ 8.8 $ 13.1 MCBC beer purchases from MillerCoors(1) 30.9 37.3 Depreciation(2) (4.9 ) (5.7 ) MillerCoors’ royalty fees paid to SABMiller(3) 12.2 11.7 MillerCoors’ hops sales to SABMiller(4) (3.4 ) (2.8 ) Total pro forma cost of goods sold adjustment $ 43.6 $ 53.6 (1) Reflects beer purchases between MCBC and MillerCoors that are currently recorded as affiliate purchases and will become intercompany transactions after the pending Acquisition is completed and thus will eliminate in consolidation. We currently expect all activity with SABMiller to cease upon the close of the pending Acquisition except as outlined in the Purchase Agreement in relation to transition services for the international Xxxxxx brand portfolio. (2) Reflects the pro forma adjustment to depreciation expense associated with the preliminary estimated fair value of MillerCoors’ property, plant and equipment over the preliminary estimated remaining useful life. See Note 4(e) above for further details. (3) Reflects royalties paid by MillerCoors to SABMiller for sales of certain of its licensed brands in the U.S. Upon completion of the pending Acquisition, royalties will no longer be paid related to these licensed brands. See Purchase Agreement for additional details. (4) Reflects an adjustment to eliminate MillerCoors’ hops sales to SABMiller for the nine months ended September 30, 2015, and year ended December 31, 2014, that are currently recorded as reductions to cost of good sold in MillerCoors’ condensed combined statements of operations as we currently expect all activity with SABMiller to cease upon the close of the pending Acquisition except as outlined in the Purchase Agreement in relation to transition services for the international Xxxxxx brand portfolio.