Manufacturing Variances definition
Examples of Manufacturing Variances in a sentence
If Manufacturing Variances are positive, Fenwal will pay a variance adjustment rebate to Cerus within [*].
Fenwal will provide to Cerus [*] reconciliation reports of such Manufacturing Variances as soon as practicable after the [*], and [*] reconciliation reports of such Manufacturing Variances within [*].
Manufacturing Variances will be calculated based on (1) the variations in overhead absorption due to volume variations of Cerus actual purchases from the “base case” forecast and (2) raw materials cost changes of more than [*] from any raw material supplier (“Purchase Price Variances”), as described in 4.2 (c).
If Manufacturing Variances are negative, Fenwal shall invoice Cerus a variance adjustment fee, payable within thirty (30) days of receipt of such variance invoice.
Fenwal will provide to Cerus, within [*] Manufacturing Variances reconciliation report.
As soon as possible after Alliance establishes a Cost Accounting System, pricing for Material manufactured by Alliance and required to be purchased by HMRI for Clinical Work or for commercial sales shall be on a per Unit basis, pursuant to which HMRI shall pay a price equal to the Standard Manufacturing Costs of a Unit of Material for each Unit purchased, adjusted quarterly for Manufacturing Variances as set forth in Section 2.10(d) below.
A new Section 3.1 (c) is added to the Manufacturing Agreement as follows: “At the end of each calendar year, ▇▇▇▇▇▇ will calculate Manufacturing Variances for the Manufactured Products.