Fully Absorbed Cost of Goods with respect to a Collaboration Product shall mean (a) the variable costs and fixed costs incurred by a Party associated with the manufacture (inclusive of finishing processes) of batches of such Collaboration Product or (b) if such Collaboration Product is not manufactured by the Parties, the transfer price for batches of such Collaboration Product purchased from Third Party manufacturers. For purposes of this Section 1.15, "VARIABLE COSTS" shall be deemed to be the cost of labor, raw materials, supplies and other resources directly consumed in the manufacture of batches of such Collaboration Product, including quality control and quality assurance. For purposes of this Section 1.16, "FIXED COSTS" shall be deemed to be the cost of facilities, utilities, insurance, facility and equipment depreciation and other fixed costs directly related to the manufacture of batches of such Collaboration Product, as well as royalties payable to Third Parties in connection with the manufacture, use or sale of a Collaboration Product. Fixed costs shall be allocated to such Collaboration Product based upon the proportion of such costs directly attributable to support of the manufacturing process for such Collaboration Product. If a facility is used to manufacture Collaboration Products and products for other programs of either Genzyme or Dyax, fixed costs shall be allocated in proportion to the use of such facility for the manufacture of Collaboration Products and products for such other programs. Fully Absorbed Cost of Goods shall exclude all costs otherwise reimbursed pursuant to this Agreement. In the event that either Dyax or Genzyme subcontracts with the other Party to perform any work on its behalf in connection with the manufacturing responsibilities assigned to Dyax or Genzyme, respectively, pursuant to Section 7.3.1 hereof, Dyax and Genzyme (i) shall each directly charge Kallikrein LLC their respective Fully Absorbed Cost of Goods and (ii) shall not include any part of the other Party's Fully Absorbed Cost of Goods in the amount so charged to Kallikrein LLC. Except as otherwise provided in this Agreement, all cost determinations made hereunder shall be made in accordance with GAAP.
Fully Absorbed Cost of Goods means the reasonable and necessary internal and third party costs with no xxxx-up incurred by Isis in making or acquiring of product as determined using the methodology set forth in SCHEDULE 3.8.2(B) fairly applied and as employed on a consistent basis throughout Isis’ operations and shall not include inter-company profits among Isis and its Affiliates.
Fully Absorbed Cost of Goods means the costs incurred by Ionis as determined using the methodology set forth in Schedule 4.9.2(c) fairly applied and as employed on a consistent basis throughout Ionis’ operations.
Examples of Fully Absorbed Cost of Goods 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.
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.
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.
More Definitions of Fully Absorbed Cost of Goods
Fully Absorbed Cost of Goods with respect to Compound shall mean all amounts paid to Third Party contract manufacturers, including manufacturers of intermediates, active ingredient, and finished Compound with respect to Compound.
Fully Absorbed Cost of Goods means the costs incurred by Isis as determined using the methodology set forth in SCHEDULE 4.7.3 fairly applied and as employed on a consistent basis throughout Isis’ operations.
Fully Absorbed Cost of Goods means the costs incurred by Xxxx as determined using the methodology set forth in Schedule 5.5.1 fairly applied and as employed on a consistent basis throughout Isis’ operations.
Fully Absorbed Cost of Goods with respect to units of a ---------------------------- particular Collaboration Product shall mean (a) the variable costs and fixed costs properly incurred by a Party associated with the manufacture (inclusive of finishing processes including filling, packaging, labeling and/or other preparation), quality assurance, quality control and other testing, storage and shipping of batches of such units of Collaboration Product or (b) if such units or portions of Collaboration Product are not manufactured by a Party or an Affiliate thereof, the amounts paid to the vendor plus costs associated with acquisition from such vendor. For purposes of this Section 1.27, "variable -------- costs" shall be deemed to be the cost of labor, raw materials, supplies and ----- other resources directly consumed in the manufacture, quality assurance, quality control and other testing, storage and shipping of batches of such Collaboration Product. For purposes of this Section 1.27, "fixed costs" shall be deemed to be ----------- the cost of facilities, utilities, insurance, facility and equipment depreciation and other fixed costs directly related to the manufacture, quality assurance, quality control and other testing, storage and shipping of batches of such Collaboration Product, as well as amounts paid to Third Parties as a result of the manufacture, use or sale of such units of Collaboration Product. Fixed costs shall be allocated to such Collaboration Product based upon the proportion of such costs directly attributable to the support of the manufacturing, quality assurance, quality control, and other testing, storage and shipping processes for such Collaboration Product. If a facility is used to manufacture Collaboration Products and products for other programs of a Party or an Affiliate thereof, fixed costs shall be allocated in proportion to the use of such facility for the manufacture of Collaboration Products and products for such other programs. Fully Absorbed Cost of Goods shall exclude all costs otherwise reimbursed pursuant to this Agreement. Except as otherwise provided in this Agreement, all cost determinations made hereunder shall be made in accordance with GAAP.
Fully Absorbed Cost of Goods means, with respect to any component, the direct variable and direct fixed costs associated with the manufacture of such component. Direct variable costs shall be deemed to be the cost of labor, including salaries, wages and current period employee benefits, raw materials, supplies and other resources directly consumed in the manufacture of such component. Direct fixed costs shall be deemed to be the cost of utilities, insurance, equipment depreciation, and other fixed costs directly related to the manufacture of such component. Fixed costs shall be allocated to such component based upon the proportion of such costs directly attributable to support of such component's manufacturing process. All cost determinations made hereunder shall be made in accordance with generally accepted accounting principles consistently applied.
Fully Absorbed Cost of Goods with respect to a Collaboration Product shall mean the direct variable costs and direct fixed costs associated with the manufacture of batches of such Collaboration Product. Direct variable costs shall be deemed to be the cost of labor, raw materials, supplies and other resources directly consumed in the manufacture of batches of such Collaboration Product. Direct fixed costs shall be deemed to be the cost of facilities, utilities, insurance, equipment depreciation and other fixed costs directly related to the manufacture of batches of such Collaboration Product. Direct fixed costs shall be allocated to such Collaboration Product based upon the proportion of such costs directly attributable to support of the manufacturing process for such Collaboration Product. If a facility is used to manufacture Collaboration Products and products for other programs of either Diacrin or Genzyme, direct fixed costs shall be allocated in proportion to the use of such facility for the manufacture of Collaboration Products and products for such other programs. Fully Absorbed Cost of Goods shall exclude all costs otherwise reimbursed pursuant to this Agreement. Except as otherwise provided in this Agreement, all cost determinations made hereunder shall be made in accordance with United States generally accepted accounting principles, consistently applied.
Fully Absorbed Cost of Goods means the reasonable and necessary internal and third party costs with no mxxx-up incurred by Ionis in making or acquiring of product as determined using the methodology set forth in Schedule 3.8.1 fairly applied and as employed on a consistent basis throughout Ionis’ operations and shall not include inter-company profits among Ionis and its Affiliates.