Actual Materials Cost definition

Actual Materials Cost means the actual unit cost of all raw materials multiplied by the actual number of units of such raw materials consumed in the manufacture of Development Compound or the Manufacture of Licensed Product, as applicable, including any yield variances and any write-offs caused by obsolescence, accident and book-to-physical differences, in each case occurring in the normal course of the manufacturing process.
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Examples of Actual Materials Cost in a sentence

  • Except if prevented by an event of Force Majeure, if AIPC does not deliver to the Warehouse for CPC all of CPC's requirements of Products Actually ordered from AIPC consistent with the applicable Contract Year Plan (not to exceed the AIPC Guaranteed Maximum Volume for such applicable Contract Year), AIPC shall pay to CPC an amount equal to the Actual unreimbursed out-of-pocket per pound cost incurred by CPC (excluding CPC's Actual Materials Cost) to purchase such shortfall in excess of * for such products.

  • The Budgeted Conversion Cost for the current Contract Year will be used for the next succeeding Contract Year until the Parties establish a Budget for such succeeding Contract Year (provided the Budgeted Materials Cost will be adjusted to the Actual Materials Cost incurred in the last quarter of the then ending Contract Year), until such time as the Parties establish a new Conversion and Materials Cost for such Contract Year, at which time there will be appropriate retroactive adjustments.