Bulk Cost definition
Bulk Cost means:
a. Material and labor costs directly related to the commercial manufacturing of Bulk Drug Substance, including [*];
b. An allocable share of labor and materials used in support of the manufacturing process, [*];
c. An allocable share of manufacturing overhead costs, [*];
d. Usual and customary shipping and handling charges [*]. Manufacturing costs shall [*]. Manufacturing cost shall [*]. Notwithstanding anything to the contrary in this Agreement, the parties agree that [*] shall be mutually agreed upon between the parties through the Project Team (or Steering Committee or its designee if the Project Team has not been appointed). Calculation of manufacturing costs shall be made in accordance with GAAP, applied on a consistent basis, [*]. Predetermined standard costs shall be developed for Bulk Drug Substance and shall be reviewed no less than annually, with changes, if material, to be effective the first of the year. The concept of Practical Costing Capacity shall be utilized in the development of those standard costs. Capacity of the manufacturing facility, used for purposes of making fixed overhead allocations, shall only include the capacity related to the Drug Product produced for Lilly and shall [*]. For purposes of the foregoing, inventory shall be valued [*]. Manufacturing costs charged by Vertex will be subject to audit by Lilly on an annual basis, at Lilly's expense. If Vertex contracts with an outside vendor to provide Bulk Drug Substance or intermediates of Bulk Drug Substance, Bulk Cost as provided above will include [*].
Bulk Cost means:
Bulk Cost means the cost incurred by a distributor for the supply of electricity at a bulk intake point to a geographical area.
Examples of Bulk Cost in a sentence
Promptly upon establishment by Vivier of the Bulk Cost of each Product to be manufactured and sold by Vivier, Vivier shall supply to Senetek a detailed statement of such Bulk Cost.
For example, if during a particular year total ROW Net Sales were [*] which includes [*] of Non-Protected ROW Net Sales the aggregate royalty due with respect to the ROW Net Sales would be [*] less the Bulk Cost attributable to such sales [*].
The value of the Inventory (except as otherwise provided herein) shall be the Last Bulk Cost per unit thereof.