Development Expenses means all moneys paid by the University for goods and services to create the work or invention, or to protect, develop, and/or enhance the marketability or any other aspect of a work or invention, including, but not limited to, patent filing fees, protection of patent, marketing expenses, patent maintenance, consulting fees, prosecution expenses, expenses incurred in dealing with equity interests, travel, attorneys’ fees, and research costs. Not included as development expenses are salaries and general operating expenses of University administrative personnel.
Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.
Development Expenses means, without duplication (a) Indebtedness, Disqualified Stock or Preferred Stock Incurred or issued for the purpose of financing and (b) amounts (whether funded with the proceeds of Indebtedness, Disqualified Stock or Preferred Stock, cash flow or otherwise) used to fund, in each case, (i) Improvement Capital Expenditures, (ii) Development Projects or (iii) interest, dividends, fees or related charges with respect to such Indebtedness, Disqualified Stock or Preferred Stock; provided that (A) the Company or the Restricted Subsidiary or other Person that owns assets subject to the Improvement Capital Expenditure or Development Project, as applicable, is diligently pursuing the completion thereof and has not at any time ceased construction of such Improvement Capital Expenditure or Development Project, as applicable, for a period in excess of 90 consecutive days (other than as a result of a force majeure event or inability to obtain requisite Gaming Licenses or other governmental authorizations, so long as, in the case of any such Gaming Licenses or other governmental authorizations, the Company or a Restricted Subsidiary or other applicable Person is diligently pursuing such Gaming Licenses or governmental authorizations) and (B) no such Indebtedness, Disqualified Stock or Preferred Stock or funded costs shall constitute Development Expenses with respect to an Improvement Capital Expenditure project or a Development Project from and after the end of the first full fiscal quarter after the completion of construction of the applicable Improvement Capital Expenditure or Development Project or, in the case of an Improvement Capital Expenditure or Development Project that was not open for business when construction commenced, from and after the end of the first full fiscal quarter after the date of opening of such Improvement Capital Expenditure or Development Project, if earlier.
Examples of Development Expenses in a sentence
Refundability of the Credit The Research and Development Expenses Tax Credit is generally a refundable credit.
MiscellaneousDetailSubtotalGrand Total Line 15Line 15a Total Plan Development Expenses Not Paid by the Fund Line 15bPlan Implementation Expenses Not Paid by the Fund1.
Requirements to Qualify for the Tax Credit Research Must Meet the Federal Definition for “Qualified Research” The research of a taxpayer applying for the Research and Development Expenses Tax Credit must meet the federal definition of qualified research under Internal Revenue Code (“IRC”) § 41(d) to qualify for the credit.
The credit is equal to 15% of the lesser of $59,620 or $300,000: 15% x $59,620 = $8,943Computation of the Credit - Simplified Method The procedure for computing the amount of the Research and Development Expenses Tax Credit using the simplified method is derived from the procedure for determining the federal alternative simplified credit for increasing research activities under IRC § 41(c)(5).
Miscellaneous Total Plan Development Expenses Line 11bDistribution Plan Implementation Expenses:1.
More Definitions of Development Expenses
Development Expenses means, with respect to SAIL Developments, usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., the term includes only those expenses disclosed in the operating pro forma included in the final credit underwriting report, as approved by the Board.
Development Expenses means the expenses incurred by a Party that are consistent with a Development Plan and are specifically attributable or reasonably allocable to the Development of a Collaboration Product. Development Expenses shall include, but are not limited to, the following costs incurred for the Development of a Collaboration Product: the cost of studies on the toxicological, pharmacokinetic, metabolic or clinical aspects of a Collaboration Product directed to obtaining Regulatory Approval of a Collaboration Product; the cost of Phase III-B Clinical Trials, and costs (and related fees) for preparing, submitting, reviewing or developing data or information for the purpose of submission to a Governmental Authority to obtain Regulatory Approval of a Collaboration Product; and manufacturing process development and scale-up for Collaboration Products in bulk and finished form. Development Expenses shall exclude any [*] incurred by a Party in connection with the Development of a Collaboration Product.
Development Expenses means all reasonable out-of pocket expenses related to the Facility that have been incurred by the Borrower, Panda International or their Affiliates in the development of the Facility prior to the date of this Agreement.
Development Expenses means the reasonable internal and external costs set forth in the Development Plans incurred by either Party in the Development of a Product in accordance with each such Development Plan, including:
Development Expenses means the expenses incurred in connection with the Development of a Product. Development Expenses shall include, but are not limited to, toxicological, pharmacokinetic, metabolic or clinical aspects of a Product conducted internally or by individual investigators, of design and manufacture of any required prototype devices, of consultants necessary for the purpose of obtaining and/or maintaining Regulatory Approval of a Product in the Alliance Territory, and costs (and related fees) for preparing, submitting, reviewing or developing data or information for the purpose of submission to a governmental authority to obtain and/or maintain Regulatory Approval of a Product in the Alliance Territory.
Development Expenses means (a) a Party’s (or its Affiliate’s) FTE costs at the applicable FTE Rates, and all costs and expenses paid to Third Parties (or payable to Third Parties and accrued in accordance with GAAP) by a Party or any of its Affiliates, in each case, in conducting the clinical trials and other development work assigned to such Party in accordance with the applicable Development Plan and (b) Finished Product COGS with respect to clinical supply of the applicable Finished Product used in such clinical trials and other development work in accordance with the applicable Development Plan.