Commercial Costs definition

Commercial Costs means the internal costs and amounts paid to Third Parties incurred as an expense in accordance with U.S. generally accepted accounting principles by or on behalf of a Party or its Affiliates in carrying out the Commercialization to the extent applicable to the Licensed Product. [***] CONFIDENTIAL PORTIONS OF THIS DOCUMENT REDACTED AND SEPARATELY FILED WITH THE COMMISSION.
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Commercial Costs means, as to each Block, the hard and soft costs of developing the Commercial Improvements on the Block as necessary to obtain a certificate of occupancy for those Commercial Improvements, including the costs of acquiring the Block and the costs of designing, financing, constructing and equipping the Commercial Improvements, including commercially reasonable contingency amounts and development fees but excluding the Public Improvement Costs with respect to that Block.
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Commercial Costs means the [ * ] costs that are [ * ] the sales, marketing and education relating to a Co-Developed Product in the U.S., including: (a) activities directed to the advertising and marketing of such Product; (b) professional education (to the extent not performed by sales representatives), including launch meetings; (c) costs of advertising, public relations and medical education agencies; (d) peer-to-peer activities, such as continuing medical education, grand rounds, and lunch and dinner meetings; (e) speaker programs, including the training of such speakers; (f) grants to support continuing medical education or research (excluding Clinical Costs); (g) development, publication and dissemination of publications relating to such Product; (h) developing, obtaining and providing training packages of such Product, promotional literature, promotional materials and other selling materials; (i) developing and performing market research; (j) conducting symposia and opinion leader development activities; (k) development reimbursement programs; (l) developing information and data specifically intended for national accounts, managed care organizations and group purchasing organizations; (m) [ * ] incurred in connection with [ * ], to the extent provided therein; (n) direct expenses relating to selling by non-Affiliate Third Parties; (o) costs of transporting, housing and maintaining sales representatives for training; (p) conducting Phase IIIB Clinical Trials and/or Phase IV Clinical Trials; (q) administration, operation and maintenance of the sales force that promotes such Product in the U.S., sales bulletins and other communications, sales meetings, specialty sales forces, consultants, call reporting and other monitoring/tracking costs, district and regional sales management, home office personnel who support the sales force; and (r) costs associated with Medical Education Activities, and other ancillary services to the foregoing (to the extent not otherwise falling within subsections 1.14(a) through (q). Commercial Costs shall include costs of such activities that are undertaken at any time during the term of this Agreement (including prior to the initial Regulatory Approval of such Product in the U.S.).
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Examples of Commercial Costs in a sentence

  • The Developer shall have prepared and submitted to the City the proforma for the Block, which shall be based on the most current information available to Developer regarding the budgeted Commercial Costs for the Block and the projected stabilized operating income and expense statement for the Block.

  • The Developer shall have developed and submitted to the City, and the City shall have approved, a schedule of disbursements of proceeds of the Private Financing for payment of Commercial Costs (including disbursements to date) and the schedule of disbursements of Private Financing and Public Funding for payment of costs of the Public Improvements (the “Disbursement Schedule”).

  • The Parties shall split Reimbursable Commercial Costs in accordance with the Parties' respective Percentages, and in accordance with the procedures described in the Financial Planning, Accounting and Reporting Procedures attached hereto as Exhibit B.

  • As applicable, Gross Sales, Sales Returns and Allowances, Net Sales, Reimbursable Commercial Costs incurred by ELAN shall be translated into United States dollars in accordance with ELAN's customary and usual currency conversion procedures, consistently applied.

  • Each Party shall be responsible for expenses incurred by its employees and its members of the JSC in attending or otherwise participating in JSC meetings and, for the avoidance of doubt, such expenses shall not be considered Research Expenses, Development Costs or Reimbursable Commercial Costs.

  • The Parties shall equally share in the reasonable litigation expenses, including settlement costs, royalties paid in settlement of any such suit, and the payment of any damages to the Third Party, other than Third Party License Fees which shall be paid pursuant to Section 4.6(e) or as part of Reimbursable Commercial Costs under Section 6.2.

  • If such negotiation results in a consummated agreement approved by both Parties, the executing Party shall make all payments to the Third Party and such payments shall be deemed Third Party License Fees for purposes of this Agreement and the paying Party shall be reimbursed for payment of such fees in accordance with Section 4.6(e) or as part of Reimbursable Commercial Costs under Section 6.2.

  • The Developer shall have obtained and provided to the City the Loan Documents for the Loan for the Commercial Costs of the Block.

  • Elan shall be entitled to credits against its share of Reimbursable Commercial Costs otherwise owed to Biogen under this Section in the amount of *** and any additional amounts set forth below upon occurrence of the corresponding triggering event.

  • Expenses charged by either Party as Development Costs or Reimbursable Commercial Costs shall not exceed *** of the amount included for the total expenditure in the then current Development Plan, Annual Workplan/Budget, Commercialization Plan or Annual Commercialization Plan/Budget, as the case may be, unless the Joint Project Team or JCT, as appropriate, recommends, and the JSC approves such excess expense.


More Definitions of Commercial Costs

Commercial Costs means the direct costs that are specifically identifiable to the following sales, marketing and education activities of the Parties relating to Product in the U.S.: (a) activities directed to the advertising and marketing of such Product; (b) launch meetings; (c) costs of advertising, public relations and medical education agencies;
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Related to Commercial Costs

  • Initial Costs means all costs incurred by the Authority relating to the establishment and initial operation of the Authority, such as the hiring of a Chief Executive Officer and any administrative staff, any required accounting, administrative, technical and legal services in support of the Authority’s initial formation activities or in support of the negotiation, preparation and approval of power purchase agreements. The Board shall determine the termination date for Initial Costs.

  • Marketing Costs means costs relating to the marketing of grocery goods, including costs relating to—

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Legal Costs of a person means legal costs incurred by that person in defending an action for a Liability of that person.