Committed Cost definition

Committed Cost means the target manufacturing cost agreed to in the Development Plan (as defined in the Collaboration Agreement) for a Joint Product as described in the Collaboration Agreement.
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Examples of Committed Cost in a sentence

  • Stratus shall pay Actual Manufacturing Cost up to 1.5 times the Committed Cost for the relevant Joint Product.

Related to Committed Cost

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Approved Costs means the amount of eligible costs approved by the authority at final approval;

  • Increased Cost has the meaning specified in Section 3.01.

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.