Fully Absorbed Cost definition

Fully Absorbed Cost means Ironwood’s costs to Manufacture the Development Material and Licensed Compound, or Astellas’s cost to Manufacture and supply Product, as applicable, consisting of Direct Costs and Indirect Costs, all determined in accordance with United States generally accepted accounting principles, or GAAP, as applicable, as in effect from time to time and consistently applied.
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Fully Absorbed Cost has the meaning set forth on EXHIBIT 2.3 hereto.
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Fully Absorbed Cost means with respect to AHP's manufacture of the Product, the sum of AHP's standard unit costs of raw materials, direct labor and allocated overhead. The calculation of direct labor and allocated overhead costs will be consistent with AHP's then current cost accounting policies and procedures and in accordance with generally accepted accounting procedures.
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Examples of Fully Absorbed Cost in a sentence

  • The Manufacturing Party shall be entitled to charge Kallikrein LLC an amount equal to its Fully Absorbed Cost of Goods for such Collaboration Products.

  • During the Term of this Agreement, Astellas will keep and maintain accurate and complete records regarding Net Sales during the three preceding Years and Ironwood will keep and maintain accurate and complete records regarding the Fully Absorbed Cost covering the three preceding Years .

  • Upon completion of the audit, the accounting firm will provide both the Auditing Party and the Audited Party a written report disclosing whether the reports submitted by Astellas, or the Fully Absorbed Cost reported by Ironwood and the resulting Transfer Price payments and royalty credits, as applicable, are correct or incorrect and the specific details concerning any discrepancies.

  • In accordance with Section 8(a) and (b) of the Supply Agreement, the transfer price for the Product under the Supply Agreement will be Isis’ Fully Absorbed Cost of Goods, and all amounts paid by Genzyme to Isis under the Supply Agreement will be Program Costs under this Agreement.

  • The independent certified public accountant may not disclose to Horizon specific manufacturing cost breakdowns, but only whether or not the increase in AHP's Fully Absorbed Cost reported by AHP are correct.

  • Notwithstanding any provision of this Agreement ---------- to the contrary, the Parties acknowledge and agree that BioMarin/Genzyme LLC shall not bear any costs relating to the construction of manufacturing facilities for a Collaboration Product (other than through normal depreciation and amortization included in Fully Absorbed Cost of Goods).

  • Once the Parties have each been fully reimbursed for the Fully Absorbed Cost of Goods and External Sales & Marketing Expenses, Net Revenue next will be allocated between the Parties to compensate them for Internal Sales & Marketing Expenses incurred by the Parties in such calendar year.

  • Isis will pay all freight for such transportation and include such costs as part of Isis’ Fully Absorbed Cost of Goods.

  • BioMarin shall use commercially reasonable and diligent efforts to manufacture and supply Aldurazyme (either itself or through Third Parties) for activities undertaken pursuant to the Development Plan in quantities and within a time period sufficient to conduct the activities set forth in the Development Plan and BioMarin/Genzyme LLC and the Fully Absorbed Cost of Goods of such Aldurazyme shall be included as Development Costs.

  • If Ionis uses a Third Party CMO, as permitted by this Agreement, Fully Absorbed Cost of Goods will mean the amounts paid to the CMO.


More Definitions of Fully Absorbed Cost

Fully Absorbed Cost means standard cost calculated as [***].
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Fully Absorbed Cost means all fixed and variable costs, including overhead, of Product in accordance with Generally Accepted Accounting Principles in effect in the United States consistently applied.
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Fully Absorbed Cost means Ironwood’s costs to Manufacture the Development Material and Licensed Compound, as applicable, consisting of [**], all determined in accordance with GAAP. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission.
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Fully Absorbed Cost means: ------------------- (a) Costs of third party manufacturers, utilities, materials, indirect materials and supplies used in the manufacturing and packaging of Product; (b) wages of those employees directly employed in the manufacturing and packaging of Product; (c) wages of employees directly employed in quality control, materials management or related functions which are applicable to the manufacturing and packaging of Product, and the salaries of the supervisors of said functions (or an appropriate portion of such wages and salaries if such personnel are not employed exclusively in said manufacture); (d) that portion of payroll taxes, benefits, social security payments, vacation and bonus payments and other employee costs allocable to the wages and salaries included within the provisions of subparagraphs (b) and (c) above; (e) that portion of manufacturing overhead and expenses (excluding general and administrative expenses) apportioned in accordance with generally accepted accounting principles to the manufacture and packaging of Product; and (f) costs of transportation of the Product to Xxxxxxx' warehouse.
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Related to Fully Absorbed Cost

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Stranded cost means the amount by which the net cost of an

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Bid with Lowest Evaluated Cost means the bid quoting lowest cost amongst all those bids evaluated to be substantially responsive;

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Embryo/fetus means the developing human organism from conception until the time of birth.

  • Target cost, as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Manufacturing Cost means ***

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Full cost means the cost of providing service plus a reasonable charge for administrative overhead;

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Total tetrahydrocannabinol means the same as that term is defined in § 3.2-4112.