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:
Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the crude oil and natural gas from the reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to: (a) gain access to and prepare well locations for drilling, including surveying well locations for the purpose of determining specific development drilling sites, clearing ground, draining, road building, and relocating public roads, gas lines and power lines, to the extent necessary in developing the reserves; (b) drill and equip development wells, development type stratigraphic test wells and service wells, including the costs of platforms and of well equipment such as casing, tubing, pumping equipment and wellhead assembly; (c) acquire, construct and install production facilities such as flow lines, separators, treaters, heaters, manifolds, measuring devices and production storage tanks, natural gas cycling and processing plants, and central utility and waste disposal systems; and (d) provide improved recovery systems.
Development Costs means the sum total of all costs incurred in the development of a Project all of which shall be subject to approval, and are approved by MFA as reasonable and necessary. Such costs may include, but are not limited to:
Examples of Development Costs in a sentence
All contracts for hard or soft Development Costs must be itemized for each cost component.
Percentage of the Corporation’s funds utilized compared to Total Development Costs.
Total Development Costs): $ (A negative number here represents a funding shortfall.) Each Attachment must be listed behind its own Tab.
Fees of the Applicant’s or Developer’s attorney(s) awarded in conjunction with litigation against the Corporation with respect to a Development shall also not be included in Total Development Costs.
An operating deficit reserve is not to be included as part of Development Costs and cannot be used in determining the maximum Developer Fee.
More Definitions of Development Costs
Development Costs. Development Costs shall mean the costs and expenses associated with Development activities actually incurred by either Party from the Effective Date through the later of (a) the date of the last Regulatory Approval obtained (including thereafter costs to maintain or expand such Regulatory Approval) in the Territory, or (b) the date of termination of Development of the final indication for which Regulatory Approval is to be sought in the Territory. The costs and expenses associated with Development activities shall include those costs required to obtain, maintain and/or expand the authorization and/or ability to Manufacture, formulate, fill, and/or ship Clinical Supplies and, for the avoidance of doubt, no cost or expenses associated with the Manufacture or preparation to Manufacture commercial supplies of a Collaboration Product shall be deemed to be a "Development Cost". "Development Costs" shall also include, but are not limited to, [***]. "Development Costs" shall also include [***]. In determining "Development Costs" chargeable under this Agreement, each Party will use its respective project accounting systems, and will review and approve its respective project accounting systems and methodologies with the other Party. The Parties hereby agree that efforts of the employees of a Party or its Affiliates in performing its activities hereunder shall be charged as Development Costs at the applicable FTE Rate. Notwithstanding anything in this Section 1.30 to the contrary [***]. All payments made by a Party to a Third Party in connection with the performance of its activities under the Annual Development Plan and an Annual Development Budget shall be charged as Development Costs at such Party's actual out-of-pocket cost. The costs of Manufacturing Clinical Supplies shall be charged as Development Cost in an amount equal to one hundred percent (100%) of the Cost of Goods Manufactured for Clinical Supplies. Except to the extent included in Cost of Goods Manufactured for Clinical Supplies under the preceding sentence such expenses incurred by each Party for equipment, materials and supplies utilized in performing its activities under the Annual Research Plan and the Annual Development Plan and an Annual Development Budget shall not be separately charged as Developments Costs, except for those expenses incurred by a Party, with the prior written consent of the JSC as set forth in the Annual Research Plan and the Annual Development Plan and Annual Development Budg...
Development Costs means those costs and expenditures incurred in carrying out Development Operations, as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.
Development Costs with respect to a Collaboration Product shall mean the variable costs and fixed costs incurred by the Parties or by Kallikrein LLC with respect to work performed by the Parties and their Affiliates and subcontractors in connection with the conduct of the Development Plan for such Collaboration Product, including without limitation (a) direct, out-of-pocket external costs, including clinical grants, clinical laboratory fees, positive controls and the cost of studies conducted and services provided by contract research organizations and individuals, consultants, toxicology contractors, and manufacturers necessary or useful for the purpose of obtaining Regulatory Approvals for such Collaboration Product, (b) amounts paid to Genzyme by Dyax prior to satisfaction by Dyax of the Initial Funding Commitment (as defined herein), or to Genzyme and Dyax by Kallikrein LLC after satisfaction by Dyax of the Initial Funding Commitment, with respect to research and development and pre-commercialization sales and marketing efforts as set forth in the Development Plan for such Collaboration Product, including without limitation the efforts of the Parties to develop and document process methods and procedures for the manufacture, characterization and release of such Collaboration Product and the Fully Absorbed Cost of Goods for batches of such Collaboration Product manufactured and supplied for use in preclinical and clinical trials and pre-commercialization activities, including quality control and quality assurance, (c) costs related to data management, statistical designs and studies, document preparation and other expenses associated with the clinical testing program for such Collaboration Product, (d) costs for preparing, submitting, reviewing or developing data or information for the purpose of submission of applications to obtain Regulatory Approvals for such Collaboration Product and (e) the PRO RATA share of license fees and other amounts payable to Third Party licensors and costs relating to the prosecution and maintenance of Patent Rights, allocated based on the proportion of such costs directly attributable to such Collaboration Product. For purposes of this Section 1.6, "VARIABLE COSTS" shall be deemed to be the cost of labor, raw materials, supplies and other resources directly consumed in the conduct of the Development Program and the manufacture of the Collaboration Product for use in preclinical and clinical trials and pre-commercialization activities. For p...
Development Costs means the costs that have been approved by the authority as appropriate expenditures, and includes:
Development Costs means any and all costs and expenses necessary to (i) cause the construction of the Apartment Complex to be completed, in a good and workmanlike manner, free and clear of all mechanics', materialmen's or similar liens, in accordance with the Plans and Specifications, (ii) equip the Apartment Complex with all necessary and appropriate fixtures, equipment and articles of personal property (including, without limitation, refrigerators and ranges), (iii) obtain all required certificates of occupancy for the apartment units and other space in the Apartment Complex, (iv) pay the Development Fee, (v) finance the construction of the Apartment Complex and achieve Permanent Mortgage Commencement in accordance with the provisions of the Project Documents, (vi) discharge all Partnership liabilities and obligations arising out of any casualty generating insurance proceeds for the Partnership, (vii) fund any Partnership reserves required hereunder or under any of the Project Documents, (viii) repay and discharge the Construction Loan, and (ix) pay any other costs or expenses necessary to achieve the Completion Date and Permanent Mortgage Commencement.
Development Costs means the costs relating to Site acquisition and Works in relation to a Named Project incurred or to be incurred by the Grant Recipient in relation to the heads of expenditure set out in Part 1 to Schedule 2 or such other heads of expenditure as the GLA may in its absolute discretion agree in respect of any Named Project provided that any costs falling within the heads of expenditure set out in Part 2 to Schedule 2 shall not be capable of being treated as Development Costs; Direction means a direction to the Regulator in relation to rent given by the Secretary of State from time to time pursuant to Section 197 of the HRA 2008; Disposal means, other than a Permitted Disposal, a transaction the effect of which is that the legal or beneficial title in any AHP Dwelling or property comprised in a Named Project on which any AHP Dwellings have been or are to be developed (as the case may be) transfers to becomes vested in or is leased to or reverts to another person; Disposal Notification means a written notification addressed to GLA which identifies:
Development Costs means, with respect to a Co-Developed Product, the reasonable out-of-pocket costs and internal costs incurred by either Party (or for its account by an Affiliate or a Third Party) on and after the exercise by Enanta of the applicable Co-Development and Profit Share Option that are generally consistent with the respective Development activities allocated to such Party in the applicable Development Plan and are specifically attributable to the Development of such Co-Developed Product in the Co-Development Territory. For purposes of this definition (a) out-of-pocket costs means the costs attributable to specific external development activities applicable to a Co-Developed Product, [*****] and (b) internal costs means all direct labor costs to the extent attributable to the Development of a Co-Developed Product in accordance with the Development Plan, [*****]. Development Costs (y) shall include the costs incurred by Abbott in conducting clinical trials with respect to a Co-Developed Product, including clinical trials conducted as a result of post-approval regulatory commitments and (z) shall not include [*****].