API Cost definition
API Cost means the Cost of Goods of API.
API Cost for a Product means the actual cost paid by Shire on a pass-through basis for the active pharmaceutical ingredient in such Product.
API Cost shall have the meaning defined in Section 5.1.
Examples of API Cost in a sentence
In respect of any recall due in whole or material part, to a Supplier Recall Responsibility, Supplier shall reimburse the Buyer for an amount equal to the lesser of (i) ten percent (10%) of the total API Cost of the amount of API consumed in the recalled Product or (ii) on a calendar year basis, a maximum of one hundred and fifty thousand dollars ($150,000).
More Definitions of API Cost
API Cost for a Shire Product means the actual cost paid by Duramed on a pass-through basis for the active pharmaceutical ingredient in such Shire Product. For the avoidance of doubt, all raw material and manufacturing costs of cervical and vaginal rings in a Shire Product shall not be included in the API Cost.
API Cost means the price of Ramipril API for use in the manufacture of the [***], which shall not exceed [***] Selamine shall initially identify [***] subject to King's right to challenge [***].
API Cost means the cost of API as set forth in Exhibit 3.1(a).
API Cost means Client’s cost to purchase and deliver API to Halo in accordance with Section 3.3 (API). In lieu of determining an actual cost on a case-by-case basis, the Parties will use the cost set forth on Schedule E (as updated from time to time pursuant to the terms hereof) as the API Cost for purposes of this Agreement; provided, that upon Halo’s reasonable request from time to time, Client shall provide Halo with reasonable documentary evidence substantiating the validity of the API Cost.
API Cost means, in respect of a particular API, Buyer’s per-liter costs in manufacturing and supplying such API to Supplier.