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:
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 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.
Examples of Development Costs in a sentence
Paragon shall keep complete and accurate books of account and records in sufficient detail to enable the Development Costs and Milestones payable under this Agreement to be determined.
If the amounts paid for Third Party Costs for a Research Program exceed the Actual Quarterly Costs for such Research Program, then Paragon will credit such excess payment against Development Costs contemplated in the applicable Budget for such Research Program and reasonably expected to be incurred by Paragon in the performance of such Research Program during any upcoming Calendar Quarter and Damora will deduct such amount from its next quarterly invoice.
Such invoice shall include a reasonably detailed report for such Development Costs, including supporting documents.
Damora shall reimburse Paragon for the Pre-Effective Date Development Costs within [***] after ▇▇▇▇▇▇’▇ receipt of a written invoice that details the Pre-Effective Date Development Costs.
For clarity, the Research Initiation Fee is nonrefundable, non-creditable, and separate from any Development Costs (including the Pre-Effective Date Development Costs) or Cost Advance paid or owing with respect to a particular Research Program.
More Definitions of Development Costs
Development Costs means (a) Development Manufacturing Costs and (b) all out-of-pocket costs incurred by or on behalf of either Party or any of its Affiliates that are reasonably and directly attributable to the Development of Licensed Products in the Territory, excluding any such amounts to the extent included as Development Manufacturing Costs. […***…].
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 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 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 with respect to a Collaboration Product shall mean the direct variable costs and direct fixed costs incurred by RenaGel LLC on or after the Effective Date 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 GelTex and Genzyme by RenaGel LLC in respect of research and development and pre-commercialization sales and marketing efforts as set forth in the Development Plan for such Collaboration Product, (c) amounts paid to contract manufacturers to develop a process for the manufacture of such Collaboration Product (including amounts payable to Dow Chemical after the Effective Date pursuant to the Dow Research Agreement) and for FDA qualification efforts and amounts payable to Abbott pursuant to the Abbott Agreement after the Effective Date, (d) amounts paid to purchase capital equipment used to manufacture such Collaboration Product (including amounts payable to Dow Chemical after the Effective Date pursuant to the Dow Agreement) and the Fully Absorbed Cost of Goods for batches of such Collaboration Product manufactured and supplied for use in pre-clinical and clinical trials, (e) costs related to data management, statistical designs and studies, document preparation and other expenses associated with the clinical testing program for such Collaboration Product and (f) 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. For purposes of this Section 1.8, "DIRECT 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. For purposes of this Section 1.8, "DIRECT FIXED COSTS" shall be deemed to be the cost of facilities, utilities, insurance, equipment depreciation and other fixed costs directly related to the conduct of the Development Program, allocated based upon the proportion of such costs...