Initial Development Costs definition

Initial Development Costs means [***] ($[***]).
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Initial Development Costs means, with respect to any Project, costs incurred by DESC or its Affiliates in connection with work performed on such Project prior to the approval by MS, in accordance with Section 3.03(A), of the Proposal regarding such Project, including (i) third party costs, including legal, accounting, engineering, economic consulting and environmental consulting fees and (ii) costs of DESC or its Affiliates (at their prevailing rates) for development services, including in-house engineering and other services, provided that “Development Costs” shall not include any salaries, employee benefits and other fixed costs or expenses of DESC’s or any of its Affiliates’ management and business development and sales personnel.
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Initial Development Costs has the meaning set forth in Section 9.2. 1.60 “Initial Indication” means the amelioration, treatment and/or prevention of RDEB. 1.61 “Initial Public Disclosure” has the meaning set forth in Section 17.1. 1.62 “Intrexon” means Intrexon Corporation. 1.63 “Intrexon Agreement” means that certain Exclusive Channel Collaboration Agreement by and between Fibrocell and Intrexon, effective as of October 5, 2012, as amended by that certain First Amendment to Exclusive Channel Collaboration Agreement, dated June 28, 2013, that certain Second Amendment to Exclusive Channel Collaboration Agreement, dated January 10, 2014, and that certain letter agreement dated September 29, 2015, and as further amended from time to time. 1.64 “Intrexon Obligations” means amounts due to Intrexon pursuant to and in accordance with Section 4.7 of the Intrexon Agreement in consideration for the research and development support services performed by Intrexon for Fibrocell thereunder, to the extent such amounts due are (a) approved by CCP in advance and in writing, (b) directly and exclusively related to the Development of the Product in the Field and in the Territory, and (c) incurred in connection with such services performed after the Effective Date. 1.65 “Intrexon Rights” has the meaning set forth in Section 13.4(b). 1.66 “Inventions” has the meaning set forth in Section 11.2(a). 1.67 “Joint Development Committee” or “JDC” has the meaning set forth in Section 3.1. 1.68 “Joint Inventions” has the meaning set forth in Section 11.2(a). 1.69 “Joint Patent Rights” has the meaning set forth in Section 11.3(a)(iii). 1.70 “KOL” means key opinion leader. 1.71 “Manufacture” or “Manufacturing” means the activities to be performed by Fibrocell or CCP in connection with the manufacture, testing (including quality control, quality assurance and lot release testing), bulk packaging and/or storage of the Product, as applicable. 1.72 “Manufacturing and Supply Agreement” has the meaning set forth in Section 7.1. 1.73 “Milestone Payments” has the meaning set forth in Section 9.5(a). 8 US-DOCS\106669270.9
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Examples of Initial Development Costs in a sentence

  • Subject to Section 5.10.3, each Party shall bear fifty percent (50%) of all Collaboration Costs incurred in connection with the performance of the Initial Development Activities in excess of the Initial Development Costs, if any.

  • As soon as reasonably practicable after MS’s approval, in accordance with Section 3.03(A), of any Proposal regarding a Project, MS shall reimburse to DESC the Initial Development Costs for such Project.

  • CITY shall have no responsibility for any Initial Development Costs, regardless of any provision to the contrary in any License Agreement.

  • Payments (including any reconciling payments for previous quarters) will be made for each calendar quarter during the term of this Agreement (including partial calendar quarters) within thirty (30) days after Fibrocell’s receipt of the Balancing Statement to effect the Parties’ sharing of Excess Initial Development Costs or Product Gross Profit, as applicable, as set forth in this Agreement.

  • Transition shall track and calculate all Initial Development Costs and Subsequent Development Costs incurred by it.

  • CCP will provide to Fibrocell within thirty (30) days after its receipt of Fibrocell’s quarterly report of Development Costs, a statement showing the calculations of Development Costs, including Excess Initial Development Costs, and Product Gross Profit for such calendar quarter (each, a “Balancing Statement”), in each case to the extent eligible for sharing under this Agreement, and any cash settlement required.

  • FECR hereby waives all rights to reimbursement from CITY of the Initial Development Costs under the License Agreements.

  • Licensor intends to charge a similar fee for Initial Development Costs as it executes various territorial licenses outside of North America.

  • Notwithstanding anything to the contrary in this Agreement, the Parties acknowledge and agree that aggregate Development Costs incurred by the Parties with respect to one or more ********, and no more, shall be deemed to be Initial Development Costs.

  • In the event Shipper terminates this PA pursuant to this Section V(b)(1), Shipper shall have no responsibility to pay Transporter Initial Development Costs or Development Costs.


More Definitions of Initial Development Costs

Initial Development Costs means all Development Costs with respect to Initial Development Activities.
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Related to Initial Development Costs

  • 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:

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • 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.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.