Development Costs definition

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:

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Development Costs means all costs and expenses incurred by or on behalf of a Party or any of its Affiliates after the Effective Date that are reasonably allocable to the conduct of research or development of a Licensed Compound or Product under a Development Program as set forth in Section 2.7.2(c).

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.

Examples of Development Costs in a sentence

Each Party shall be responsible for any and all costs and expenses it (or its Affiliate) incurs in connection with the Joint Development Activities, other than the Janux Additional Reimbursable Development Costs (if any).
All Development Costs incurred by the Parties will be shared as set forth in Section 8.1.1 (Development Cost Sharing).
If, as of the Opt-Out Effective Date, the total amount of Development Costs and Shared Commercialization Costs actually reimbursed by Vir Bio pursuant to Section 8.3 (Reports and Payments) (“Total Reimbursed Amount”) exceeds [***] (the “Limited Funding Threshold”), then Vir Bio will be eligible to receive the Limited Funding Royalties and Limited Funding Milestone Payments pursuant to the applicable terms and conditions of Section 9.2 (Milestones) or Section 9.3 (Royalties), as applicable.
Unless the Opt-Out Effective Date has occurred, each Party’s costs and expenses in connection with the Manufacturing Technology Transfer will be subject to allocation in accordance with the Development Costs Share as set forth in Section 8.1 (Development Costs Share).
Such activities will be deemed conducted under the Joint Development Plan and such costs will be considered Janux Additional Reimbursable Development Costs.

More Definitions of Development Costs

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:

Development Costs means the costs that have been approved by the authority as appropriate expenditures, and includes:

Development Costs means [***].

Development Costs means the Direct Development Costs, the Indirect Development Costs and the Other Expenditures.

Development Costs means all direct costs specifically identifiable or allocable to Development of a Collaboration Product and actually incurred by a Party or its Affiliates (it being understood that “direct costs” excludes overhead), including (a) reasonable costs of supplies and materials related to the foregoing and (b) reasonable amounts paid to Third Parties performing activities on behalf of such Party or its Affiliates, in all cases, to the extent such Development activities are specified in the Development Plan.

Development Costs means the costs associated with the broadband infrastructure that have been approved by the authority and include, but are not limited to, all of the following: