Research Cost definition

Research Cost means the aggregate amount of costs incurred by LeukoSite to perform research under the Stage 2 Research Plan determined in a reasonable manner and consistent with normal internal accounting practices and GAAP.
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Research Cost. REIMBURSEMENTS shall mean any payment for research and/or development that used PATENT RIGHTS under a research, development, testing, collaboration or co-development arrangement as documented by delivery to the payor of a written report which is not in excess of reimbursement for the costs, APPORTIONED OVERHEAD and salaries and fees required to conduct such research or development.
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Research Cost means the fully-burdened cost of producing ribozymes for research use, including, as applicable, the cost of raw materials; direct labor and benefits; if necessary, royalties due to third parties; shipping and indirect costs (including depreciation and other indirect costs, but excluding general and administrative expenses), all fairly allocable to the ribozymes produced under this Agreement as determined in accordance with generally accepted accounting principles and customary usage in the U.S. pharmaceutical industry. For the purposes of the exclusion in the preceding sentence, "general and administrative expenses" means expenses associated with the following functions: human resources, law (including without limitation expenses of defense, settlement or discharge of liabilities to third parties), business development, and executive administration. Accounts receivable, accounts payable and purchasing expenses fairly allocable to the ribozymes produced hereunder shall be included within Research Cost; other expenses associated with general finance functions shall be considered general and administrative expenses and excluded from Research Cost.
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Examples of Research Cost in a sentence

  • During the Agreement Term, Vertex will keep and maintain accurate and complete records regarding Net Sales during the [***] preceding Calendar Years and CRISPR will keep and maintain accurate and complete records regarding the Research Cost covering the [***] preceding Calendar Years.

  • The JSC shall discuss such issue promptly and determine if the cost-overrun would be caused by a matter outside such Party’s control, in which case the JSC shall amend the applicable budget to cover a reasonable amount of additional Development Cost or Research Cost to be incurred by such Party in completing such task.

  • 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 Vertex, or the Research Cost reported by CRISPR, as applicable, are correct or incorrect and the specific details concerning any discrepancies.

  • Within [***] after the end of each Calendar Quarter following the License Agreement Effective Date (or the determination by the JRDC of the scope of Research activities to be conducted by the Parties under the License Development Plan, if later), each Party shall submit its Research Cost Report for the previous Calendar Quarter to the other Party.

  • The amount of the Research Cost Cap may only be increased or decreased by written agreement of the Parties, signed by the Chief Executive Officer for Achillion and the Executive Vice President for Research and Development for Gilead.

  • At the conclusion of activities in all Research Plans, the Parties shall conduct a final reconciliation of such Research Cost funding against actual costs and the Party that has been overpaid or the Party that has under-funded shall make a final reconciliation payment to the other Party.

  • The Sponsor shall bear the Research Cost as described in Schedule III.

  • UEC will own all expendables and equipment purchased or fabricated utilizing Research Cost to perform the Sponsored Research.

  • If the parties cannot agree on a successor, either party may terminate this Agreement by written notification to the other party of such, and neither party shall be liable for delay or default on performance of obligations to perform the Sponsored Research, provided, however, that the parties shall discuss and decide in good faith handling of unused Research Cost, if any.

  • When Sponsor fails to pay the Research Cost as stipulated in Section 2.6.1, UEC may terminate this Agreement immediately.

Related to Research Cost

  • 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.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Manufacturing Cost means ***

  • Massive Multiauthor Collaboration Site (or “MMC Site”) means any World Wide Web server that publishes copyrightable works and also provides prominent facilities for anybody to edit those works. A public wiki that anybody can edit is an example of such a server. A “Massive Multiauthor Collaboration” (or “MMC”) contained in the site means any set of copyrightable works thus published on the MMC site.