Direct Manufacturing Costs has the meaning set forth in Section 6.11.
Direct Manufacturing Costs means the direct costs incurred in connection with the manufacture of the Authorized Product, including (i) those material expenses captured in invoices and the like that are specifically attributable to the manufacture of the Authorized Product, including costs of raw materials, manufacturing supplies, packaging, labels, and other materials used in production, (ii) labor expenses captured in time sheets and the like, including salaries and fringe benefits (but not overhead) for personnel directly involved in manufacturing the Authorized Product or any component thereof or purchasing or managing the materials used in the manufacture thereof or maintaining equipment necessary to support the manufacture thereof, (iii) expenses arising out of quality assurance requirements (e.g., good manufacturing practices) such as production, quality control, quality assurance, and other similar departments that are reasonably necessary and participate directly in the production of the Authorized Product or any component thereof, and (iv) equipment and facility depreciation and other allocations of fixed assets in use to support the manufacture of the Authorized Product or any component thereof, but in any event excluding any administrative overhead (e.g., costs associated with human resources, business development, and executive management). Direct expenses also include reasonable out-of-pocket payments to Third Parties (without mxxx-up) for services related to the manufacture of the Authorized Product or any component thereof.
Direct Manufacturing Costs shall have the meaning attributed in Annex 1 below.
Examples of Direct Manufacturing Costs in a sentence
Expenses Direct Manufacturing Costs and Revenue, less Direct Manufacturing Costs.
Direct Manufacturing Costs are comprised of the material, labour and manufacturing overhead, excluding amortization, associated with the production of SuperPolymer® batteries, battery packs for Electric Vehicles, stationary grid applications and research and engineering service revenues.
At such time GW may elect (by giving Novartis notice in writing within fifteen (15) days of receipt of Novartis’ inventory report) to purchase the Inventory from Novartis at Novartis’s Direct Manufacturing Costs (as defined in Exhibit F, and which definition shall apply as if Novartis is GW).
GW shall keep, and procure that its Affiliates keep, complete, true and accurate books and records in accordance with its Accounting Standards in sufficient detail for NOVARTIS to determine the Direct Manufacturing Costs from time to time.
The net proceeds were used primarily to repay outstanding commercial paper as of December 31, 2008.
More Definitions of Direct Manufacturing Costs
Direct Manufacturing Costs means costs incurred by GW in the actual manufacturing of Product, established on a regular, standard basis in accordance with Accounting Standards as consistently applied by GW, expressed on a per unit basis. Direct Manufacturing Cost shall be calculated according to the principles of “open book” and include the following elements:
Direct Manufacturing Costs means costs incurred by GW in the actual manufacturing of Sativex BDP, established on a regular, standard basis in accordance with Accounting Standards as consistently applied by GW, expressed on a per unit basis. Direct Manufacturing Cost shall be calculated according to the principles of “open book” and include the following elements:
Direct Manufacturing Costs shall be calculated consistent with Generally Accepted Accounting Principles (“GAAP”) and include manufacturing fees; raw materials; direct labor; freight and duty, and factory overhead costs that can be directly attributed to the Compound, including but not limited to equipment maintenance and repair, supplies, ongoing stability program costs, other plant services, indirect labor and depreciation on direct capital assets. “Indirect Manufacturing Costs” shall be calculated consistent with GAAP and include allocations of indirect factory overhead and site support costs, including but not limited to utilities, quality, planning, engineering, maintenance, safety, site science and technology, and depreciation on indirect capital assets, procurement, warehousing, and corporate services. Allocations shall be based on each compound’s utilization relative to a manufacturing site’s total activity.
Direct Manufacturing Costs means costs which are directly attributed to the manufacture of the Products, as set out in the "direct costs" section of the FOS.
Direct Manufacturing Costs shall include [***]. “Indirect Manufacturing Costs” shall include [***]. Allocations shall be based on such Compound’s utilization relative to a manufacturing site’s total activity. “Manufacturing Costs” shall mean the Direct Manufacturing Costs and the Indirect Manufacturing Costs.
Direct Manufacturing Costs shall be calculated consistent with Generally Accepted Accounting Principles (“GAAP”) and include manufacturing fees, raw materials, direct labor, freight and duty, and factory overhead costs that can be directly attributed to the Compound, including but not limited to equipment maintenance and repair, supplies, ongoing stability program costs, other plant services, indirect labor and depreciation on direct capital assets. “Indirect Manufacturing Costs” shall be calculated consistent with GAAP and include allocations of indirect factory overhead and site support costs, including but not limited to utilities, quality, planning, engineering, maintenance, safety, site science and technology, and depreciation on indirect capital assets, procurement, warehousing, and corporate services. Allocations shall be based on each Compound’s utilization relative to a manufacturing site’s total activity. In the event of termination by Antigen Express pursuant to Section 6.3 or 6.7 above, and in order to complete the Study it is necessary for Antigen Express to purchase Merck Compound, Merck shall reimburse Antigen Express’ out of pocket costs for the purchase of Merck Compound (from a Third Party) necessary to complete the Study as contemplated by the Protocol; provided, however, that in no event shall Merck’s obligation to reimburse Antigen Express subject to this sentence exceed one hundred thousand US Dollars ($100,000) in the aggregate.
Direct Manufacturing Costs shall have the meaning set forth on Exhibit A.