Manufactured Cost definition

Manufactured Cost means material costs, direct personnel costs, maintenance costs, energy costs, depreciation, space costs (occupancy), indirect personnel costs, miscellaneous minor cost items needed for production, factory overheads and any relevant Third Party costs related to manufacture e.g. components, services (for the avoidance of doubt the term Manufactured Cost shall not include central administration costs, research and development costs, machine development and sales costs). These costs shall be calculated at the end of the first Year in which royalty is owing and thereafter, recalculated at the end of each Year, the calculation being based on data from the then-ending year and made in accordance with US GAAP.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Manufactured Cost means the total amount for each Basic Unit paid by DRG to the manufacturer of the Product.

Manufactured Cost means the fully-allocated standard cost of: (i) the direct raw materials cost of materials actually used in the manufacture of an Instrument; (ii) the direct labor cost for producing the Instrument; (iii) the direct operating costs of buildings, resources and equipment dedicated to, as well as allocated depreciation and repairs and maintenance for the building and equipment actually used in, such production; and (iv) any quality and in-process control in producing the Instrument.

Examples of Manufactured Cost in a sentence

• Providing Owner fulfills the terms and conditions of this Agreement, DRG will pay to Owner “Compensation” for each Basic Unit of Product sold by DRG during the Term, an amount equal to a percentage of the Manufactured Cost of the Basic Unit of Product as follows: 5% for all sales made via the Infomercial and 10% for sales made at retail, live shopping, catalogue, or through other marketing venues.

• The Parties acknowledge that the Guaranteed Capacities, the Volume True-Up, and Manufactured Cost Per Unit are based, in part, on the Specifications and the efficiency of the manufacturing processes as of the Effective Date.

• BMS may purchase ThermoFluor(R) II Instruments from 3DP at 3DP's Manufactured Cost of each ThermoFluor(R) II Instrument, plus [**], per ThermoFluor(R) II Instrument.

• The Guaranteed Capacities, the Volume True-Up and the Manufactured Cost Per Unit may change as the manufacturing efficiency changes or if the Specifications are modified.

• If any of these events occurs, the Parties will negotiate in good faith to adjust the Guaranteed Capacities, the Volume True-Up and the Manufactured Cost Per Unit.

• If the Products or the Electrodes are manufactured directly by Physio or Cardiac Science, then the definition of Manufactured Cost shall be agreed to in good faith by the parties.

• In such case, the Manufactured Cost shall be the actual cost paid to the supplier plus any applicable transfer taxes, and shall also include freight, if any, incurred by Cardiac Science or Physio from the place of manufacture.

• The Licensee shall pay the Licensor Fifteen (15%) percent of the Manufactured Cost (which shall not be less than One ($1.00) Dollar USD) for each game manufactured and sold beyond the initial 200,000 games during each year of the License Agreement.

• Sales demo units shall be purchased at a price to be agreed upon, but not less than the Manufactured Cost.

• Physio and Cardiac Science agree that Physio may purchase up to 50 Demo Units of the Products for the Domestic and European Territory at Manufactured Cost.

More Definitions of Manufactured Cost

Manufactured Cost means material costs, direct personnel costs, maintenance costs, energy costs, depreciation, space costs (occupancy), indirect personnel costs, miscellaneous minor cost items needed for production, factory overhead and any relevant third party costs related to manufacture (e.g. components, services). For the avoidance of any doubt, the term “Manufactured Cost” shall not include central administration costs, research and development costs, machine development and marketing and sales costs. “Manufactured Costs” shall be calculated at the end of the first Year in which a royalty is due and owing and thereafter, recalculated at the end of each Year, the calculation being based on data from the then-ending year and made in accordance with US GAAP; *** CONFIDENTIAL MATERIAL REDACTED AND SEPARATELY FILED WITH THE COMMISSION “Minimum Royalty “ means in relation to each Year US “***” U.S. dollars);

Manufactured Cost means, for each SKU of Inventory manufactured by Seller, the sum of (a) direct costs of raw materials, (b) direct labor costs, including, without limitation, costs of packaging the goods (packaging includes, without limitation, earring cards and similar items), and (c) overhead costs, all as determined by Seller using a standard cost method of inventory valuation consistent with its past practices, as reflected on Seller's books and records, including, without limitation, accounting books and records..

Manufactured Cost means the- cost of direct and indirect materials attributed in accordance with US GAAP to the manufacture of the Product, manufacturing labor and overhead, software, royalty license, all other fees, collateral materials, shipping materials, warranty reserve, insurance, and manufacturing financing charges.