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 Sold. The 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. 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 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 ------------------ include
(i) the manufacturing costs from an OEM vendor of the Covered Products, (ii) packaging costs associated with the manufacture and distribution of the Covered Products, (iii) sterilization costs associated with the Covered Products, and (iv) shipping costs associated with the Covered Products. Any rebates and commissions from manufacturers, distributors or other sources shall be deducted from the Cost of Goods Sold.
Cost of Goods Sold. The 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.
Cost of Goods Sold. The Licensee will incur the cost to manufacture, market, and sell Licensed Products.
Cost of Goods Sold increased to $399.8 million for the year ended June 29, 2001 from $394.5 million for the year ended June 30, 2000. Expressed as a percentage of Net Sales, Cost of Goods Sold increased to 76.0% for the year ended June 29, 2001 compared to 75.2% for the year ended June 30, 2000. The increase in Cost of Goods Sold as a percentage of Net Sales was due primarily to raw material costs, which rose rapidly in the early part of the year before trending down over the remainder of the year. Gross Profit, as a result, fell to $126.0 million for the year ended June 29, 2001 from $130.3 million for the year ended June 30, 2000. The ratio of Gross Profit to Net Sales decreased to 24.0% for the year ended June 29, 2001 from 24.8% for the year ended June 30, 2000. Our Packaging Segment reported a $1.9 million decline in Gross Profit to $63.8 million in fiscal 2001 compared to $65.7 million in fiscal 2000. Measured as a percentage of Net Sales, Packaging Segment Gross Profit declined to 27.0% in 2001 compared to 29.0% in 2000. Our Tubing Products Segment Gross Profit declined slightly to $46.1 million in fiscal 2001 from $46.5 million in the previous year. Measured as a percentage of Net Sales, Tubing Products Segment Gross Profit improved to 26.4% in fiscal 2001 from 26.2% in fiscal 2000. Our other segment Gross Profit declined to $16.1 million in fiscal 2001 from $18.2 million in the previous year. Measured as a percentage of Net Sales, Gross Profit for our other products decreased to 14.0% in fiscal 2001 from 15.1% in the previous fiscal year. Selling, General and Administrative Expenses, increased to $61.0 million for the year ended June 29, 2001 from $58.3 million for the year ended June 30, 2000, an increase of $2.7 million or 4.6%. This increase reflects general cost of living increases for our salaried personnel as well as the Selling, General and Administrative expenses associated with our Super Plastics acquisition. The resultant ratio to Net Sales increased to 11.6% for the year ended June 29, 2001 from 11.1% for the year ended June 30, 2000. Operating Profit, as a result of the above, decreased to $65.0 million or 12.4% for the year ended June 29, 2001 from $72.0 million or 13.7% for the year ended June 30, 2000. Our Packaging Segment reported a $3.0 million decline in Operating Profit to $39.9 million in fiscal 2001 compared to $42.9 million in fiscal 2000. Measured as a percentage of Net Sales, Packaging Segment Operating Profit declined to 16.8% in 2001 compa...
Cost of Goods Sold. COGs for any Product shall be calculated in accordance with GAAP (as defined below).
