Materials Cost definition

Materials Cost means Impax’s procurement costs for (i) raw materials (both active and inactive ingredients), and (ii) packaging, labeling and storing materials, incurred in connection with the manufacture, testing, labeling, purchasing and distribution of such ANDA Product; “Overhead” means all indirect costs of manufacturing such ANDA Product including, without limitation, insurance, inspection, testing, quality control and quality assurance, depreciation, maintenance and repair costs, all as determined in accordance with the U.S. GAAP, and “Freight And Taxes” means all insurance, freight and shipping charges, import taxes and duties and similar taxes and duties levied by the United States or other government entity with jurisdiction, and port and loading charges, all to the extent not already deducted under Distribution and Sales Costs.

Materials Cost means the cost of materials, supplies, small equipment and tools (excepting such small equipment and tools owned by personnel), including the cost of transporting, unloading, erecting, maintaining, dismantling and removing same, less any rebates, refunds, returns from sale of surplus materials and supplies and trade discounts (other than prompt payment discounts);

Materials Cost means the costs of Manufacture that relate to the Materials including the purchase prices, inbound freight, customs and insurance charges and non-deductible tax charges.

Examples of Materials Cost in a sentence

• MPIL = The Materials Cost Index for steel as published by the Engineering News- Record for the month prior to the letting for work paid for at the contract price; or for the month the agreed unit price letter is submitted by the Contractor for extra work paid for by agreed unit price,.

• Steel cost adjustments will be computed as follows: SCA = Q X D Where: SCA = steel cost adjustment, in dollarsQ = quantity of steel incorporated into the work, in lb (kg) D = price factor, in dollars per lb (kg) D = MPIM – MPIL Where: MPIM = The Materials Cost Index for steel as published by the Engineering News- Record for the month the steel is shipped from the mill.

• Steel cost adjustments will be computed as follows: SCA = Q X DWhere: SCA = steel cost adjustment, in dollarsQ = quantity of steel incorporated into the work, in lb (kg) D = price factor, in dollars per lb (kg) D = MPIM – MPIL Where: MPIM = The Materials Cost Index for steel as published by the Engineering News- Record for the month the steel is shipped from the mill.

• MPIM – MPILWhere: MPIM = The Materials Cost Index for steel as published by the Engineering News- Record for the month the steel is shipped from the mill.

• The indices will be converted from dollars per 100 lb to dollars per lb (kg).MPIL = The Materials Cost Index for steel as published by the Engineering News- Record for the month prior to the letting for work paid for at the contract price; or for the month the agreed unit price letter is submitted by the Contractor for extra work paid for by agreed unit price,.

More Definitions of Materials Cost

Materials Cost means the amount paid or payable (including freight, insurance, and safes or use tax) by Paramit to its suppliers for Materials used or to be used for the Product that are non-returnable or non-cancelable. For Excess Materials that are returnable to the supplier and Customer has requested Paramit to return the materials, the reduced liability to the Customer will net restocking fees, freight, cancellation fees, and other charges by third parties associated with Paramit’s returning Materials or cancelling orders for Materials as well as any third party fees or charges associated with disposing of Materials that Paramit disposes on behalf of Customer.

Materials Cost means the cost of Materials purchased by Seller to be utilized in the production of Product.

Materials Cost means the sum of the following amounts paid by Hxxxxx to a third party, all of which shall be calculated in accordance with U.S. generally accepted accounting principles consistently applied:

Materials Cost means the amount paid or payable (including freight, insurance, and sales or use tax) by Paramit to its suppliers for materials used or to be used for the product. Materials ordered pursuant to orders that are non-cancelable are part of excess materials. The term “Materials Cost” also includes restocking fees, freight, cancellation fees, and other charges by third parties associated with Paramit’s returning materials or cancelling orders for materials as well as any third-party fees or charges associated with disposing of materials that Paramit disposes on behalf of Customer.

Materials Cost means the Supplier's cost of ingredients and packaging used in manufacturing the Products during each Quarterly Period, determined in the manner set forth in Exhibit A hereto. For this purpose, ingredients shall include corn meal used in manufacturing the Products.

Materials Cost means the sum of the following amounts paid by Hansen to a third party, all of which shall be calculated in accordance with U.S. generally accepted accounting principles consistently applied:

Materials Cost has the meaning ascribed to it in Section 5.4(a).