Cost Reduction definition

Cost Reduction shall refer to lower Product purchase prices based on [***].

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Cost Reduction means the net cost reduction in Customer’s aggregate costs associated with its Cloud Resource(s) resulting from the adoption, integration, implementation, and/or placing into effect of a Solution.

Cost Reduction means a saving of the Novo Group's direct costs of labor, energy and material used in the manufacture of Human Insulin by means of an Insulin Organism or Technical Information as compared with such direct costs incurred to manufacture its semi-synthetic Human Insulin as [ * ] designates portions of this document that have been omitted pursuant to a request for confidential treatment filed separately with the Commission. calculated pursuant to the formula set forth in Exhibit B attached hereto.

Examples of Cost Reduction in a sentence

• The Contractor is entitled, under the provisions of this clause, to share in cost savings resulting from the implementation of cost reduction projects, which are presented to the NRC in the form of Cost Reduction Proposals (CRP) and approved by the CO.

• Cost savings, as contemplated by this clause, mean savings that result from instituting changes to the covered BPA, as identified in an approved Cost Reduction Proposal.

• For the purposes of this clause, a Cost Reduction Proposal means a proposal that recommends alternatives to the established procedures and/or organizational support of a BPA or group of BPAs. These alternatives must result in a net reduction of BPA cost and price to NRC.

• Fees for Service Elimination Savings and Cost Reduction Savings are due as a one-time payment within 10 days of verification that the cancellation or other activity resulting in the Service Elimination Savings or Cost Reduction Savings has been completed.

• Incremental Cost Reduction (ICR) will be reflected in the Product price using the Cost Plus, MPLP or PLP Process, as applicable, and not recovered as a lump sum payment (except in the case of a true-up).

More Definitions of Cost Reduction

Cost Reduction. By optimizing operations, port facilities can reduce costs associated with delays, storage, and administrative overhead. Interoperable systems enable better resource utilization, minimizing unnecessary expenses and maximizing revenue generation potential. • Improved Decision-Making: Access to real-time data and analytics empowers staff to make informed decisions promptly, including adjusting resource allocation and identifying areas for process improvement, which contribute to cost savings and revenue enhancement. • Enhanced Customer Service: Smoother interactions between various stakeholders, including shipping lines, freight forwarders, customs authorities, and cargo owners created by interoperability enhances customer service, leading to increased satisfaction.

Cost Reduction means lower Product purchase prices based on changes in Benchmark’s manufacturing processes, labor cost reductions, alternate Components or alternate Component supplier or as otherwise mutually agreed by the Parties.

Cost Reduction is hereby added to the Agreement as follows:

Cost Reduction shall refer to lower Product purchase prices based on changes in manufacturing processes, alternate components or alternate component supplier.

Cost Reduction means any (a) damages, liquidated damages, indemnity payments or other amounts recovered pursuant to any ON Line Agreement or in settlement of any claim or dispute arising under any ON Line Agreement, (b) Insurance Proceeds (other than Excess Insurance Proceeds) and Condemnation Awards (other than Excess Condemnation Awards) recovered in respect of ON Line (including for delay-in-start up) and (c) proceeds received in respect of the disposition of any assets of ON Line.

Cost Reduction means any (a) damages, liquidated damages, indemnity

Cost Reduction means the net cost reduction in Customer’s aggregate costs associated with its AWS Resource(s) resulting from the adoption, integration, implementation and/or placing into effect of an Optimization.