Costs of Goods Sold definition

Costs of Goods Sold or “COGS” means all Manufacturing Costs that are directly and reasonably attributable to manufacturing of an Existing Product or an Improved Product, as the case may be, in accordance with US GAAP for commercial sale in the countries where such product has been launched.
Costs of Goods Sold means all direct and indirect manufacturing costs incurred by MKG and Metasyn specifically allowable to the production of the Licensed Products, together with royalties payable to MGH and other Third Parties and including Launch Costs and excluding the costs of the syringe or other delivery system utilized with respect to and invoiced as part of the price for any Licensed Product, as more fully described in Appendix II hereto.
Costs of Goods Sold means the aggregate of the following, determined in a reasonable manner in accordance with GAAP (i) Costs incurred by Schering and EPIX relating to Compound MS-325 and Licensed Products for commercial distribution under the Manufacturing Agreement, (ii) all direct and indirect manufacturing, packaging and labeling Costs incurred by Schering and EPIX, not included in (i) above, but specifically allowable to the production of Licensed Products including overhead Costs directly related to the manufacturing, packaging and labeling functions, and (iii) manufacturing variances attributable to charges of Mallinckrodt only as more fully described below, but not including General and Administrative Expenses or any Costs related to idle capacity. Costs of Goods Sold shall not include royalties payable to MGH and other Third Parties in connection with Licensed Products or CMC Costs.

Examples of Costs of Goods Sold in a sentence

  • Within [***] days after the end of [***], each Party shall provide the other Party with a detailed activity-based summary statement (with supporting documentation [***] of the Shared Collaboration Costs and Costs of Goods Sold incurred by or on behalf of such Party (or its Affiliate or Sublicensee) in such [***], as applicable (each, a “Shared Costs Report”).

  • Within [***] days after the end of [***], Moderna shall provide Merck with a [***] summary statement (with supporting documentation [***] of the Moderna Development Costs, Moderna Commercialization Costs and Costs of Goods Sold incurred by or on behalf of Moderna (or its Affiliate or Sublicensee) in such [***], as applicable for Financial PCVs (each, a “Moderna Costs Report”).

  • The costs of such defense will be considered Development Costs if incurred during the Development Phase of any Licensed Product and Costs of Goods Sold if incurred thereafter.

  • Costs of Goods Sold and Services Costs of goods sold and services primarily consisted of costs of inventories recognised as expense, cost of independent service providers, tools and consumables, salaries and benefits, freight and transportation, rent, local travelling and telephone and utilities expense.

  • The costs of such defense will be considered Development Costs if incurred during the Development Phase of a Licensed Product and Costs of Goods Sold if incurred thereafter.


More Definitions of Costs of Goods Sold

Costs of Goods Sold means fully-burdened standard costs of supplying Licensed Product in the Field of Use for the Co-Promotion Region calculated in accordance with Allergan’s accounting methods consistently applied, which methodology will be calculated in compliance with local generally accepted accounting principles or International Financial Reporting Standards. Standard costs include raw materials, active pharmaceutical ingredient, components, labor and overhead attributed to the production, processing, quality control, labeling, packaging, shipping and warehousing of the Licensed Product.
Costs of Goods Sold means the aggregate of the following, determined in a reasonable manner in accordance with GAAP: (i) Costs incurred by Schering and EPIX relating to Compound MS-325 and Licensed Products for commercial distribution under the Manufacturing Agreement, and (ii) all direct and indirect manufacturing, packaging and labeling Costs incurred by Schering and EPIX, not included in (i) above, but specifically allowable to the production of Licensed Products including overhead Costs directly related to the manufacturing, packaging and labeling functions, and (iii) manufacturing variances attributable to charges of MKG only as more fully described below, but not including General and Administrative Expenses or any Costs related to idle capacity. Costs of Goods Sold shall not include royalties payable to MGH and other Third Parties in connection with Licensed Products or CMC Costs.
Costs of Goods Sold or “COGS” means [***].
Costs of Goods Sold or “COGS” means the sum of [***]. For clarity, these would exclude [***].
Costs of Goods Sold means all third party production costs incurred by the Company or the Purchaser in connection with the provision of services to Earn-Out Customers determined in accordance with generally accepted accounting principles, consistently applied; it being agreed that commissions, salaries, employee benefits, general and administrative expenses, depreciation and amortization shall not be included in Costs of Goods Sold.
Costs of Goods Sold or “COGS” means the sum of (i) [***], (ii) [***], (iii) [***], and (iv) [***].
Costs of Goods Sold means the total dollars for payroll for contractor and subcontractor personnel billed out by the Staffing Entities (as defined below) to its customers, payroll taxes for such personnel, costs of benefits and insurance (including workers' compensation insurance and employer's practices insurance) relating to such personnel and other costs related to billable employees pursuant to GAAP applied consistently with Parent's past practice. Cost of Goods Sold shall not include any costs related to the development, marketing or sale of Staff Q products or services;