Actual Production Costs definition
Actual Production Costs means, for any Reporting Period, the total of all costs and expenses incurred by PRODUCER with respect to each closed lot of hogs sold under this Agreement, as reflected on the actual finished lot close out reports for such Reporting Period (determined in accordance with generally accepted accounting principles, consistently applied). Such costs shall be reduced by any cull sale proceeds received by PRODUCER.
Actual Production Costs means (a) the Company’s recognized cost of goods sold as calculated in accordance with the Company’s usual and customary accounting methods, which are in accordance with GAAP, minus (b) the amount of any funding provided by the Foundation or any Foundation-supported Entity directly allocable to the production, supply and distribution of such product (except to the extent such funding has been deducted from the cost of goods sold as calculated under the foregoing clause (a)).
Actual Production Costs means the actual cash cost to NAC, in U.S. Dollars per Pound, of Converting Aluminum during the third calendar month immediately preceding the calendar month of Aluminum Delivery, including the cost of all materials, electricity and labor and all Smelter lease rent expenses, normal relining expenses, general and administrative costs and net interest expenses, but excluding depreciation and amortization of organization costs, as computed in accordance with generally accepted accounting principles.
Examples of Actual Production Costs in a sentence
Insurance proceeds received by PRODUCER for dead or damaged pigs shall be taken into account in determining the Actual Production Costs.
The price of the relevant Products in Developing Countries will be such that the Products are affordable to low income individuals in the Developing Countries, and in no case would the price charged by the Company to the relevant procurer or distributor of such products exceed Actual Production Costs plus [**]%.
For clarity, the Company will in no event be required to offer the applicable Product to a procurer or distributor at a price that would be less than Actual Production Costs.
The Foundation will have the right to inspect the Company’s records to verify the Actual Production Costs.
More Definitions of Actual Production Costs
Actual Production Costs. (as defined in Section 6.1.5) for the third calendar month immediately preceding the calendar month in which the Aluminum Delivery occurs, up to a maximum of $*** per Pound.