Manufacturing Cost definition
Manufacturing Cost means ***
Manufacturing Cost shall have the meaning set forth in Section 5.3.
Manufacturing Cost means a supplier’s reasonable and necessary internal and Third Party costs incurred in manufacturing or acquisition of product or a component thereof, determined in accordance with such supplier’s standard cost accounting policies that are in accordance with Applicable Accounting Standards and consistently applied across such supplier’s manufacturing network to other products that such supplier manufactures or acquires and shall not include inter-company profits among such supplier and its Affiliates.
Examples of Manufacturing Cost in a sentence
In the event of remanufacturing or incremental quantity requirements, Buyer and Supplier will agree in writing to timing and delivery of Electronics Products, including Excluded Costs or changes to the Manufacturing Cost for the applicable Electronics Products, if any, to deliver the Electronics Products.
Upon receiving such written notice, the Buyer Lead and Supplier Lead will communicate regarding the anticipated implications of ▇▇▇▇▇’s proposed modifications, including any impact on Manufacturing Cost, engineering, production timelines, or other operational factors.
Buyer shall pay the Manufacturing Cost and Materials Cost within thirty (30) days of the applicable weekly Report.
The Parties acknowledge and agree that the Manufacturing Cost covers incremental costs from order banking (e.g., storage and ordinary course production), although, Buyer will be required to pay for Materials (other than Existing Materials), packaging and labor costs for order banked Electronics Products.
More Definitions of Manufacturing Cost
Manufacturing Cost means an amount equal to Gilead’s cost to produce Product consisting of the amounts described in clauses (a), (b) or (c) below, as appropriate:
Manufacturing Cost means fully absorbed cost of manufacture (including packaging) which shall be determined on the basis of the following elements:
Manufacturing Cost means [***].
Manufacturing Cost means, with respect to any Product, the fully-burdened cost to a party (expressed on a per unit basis) of manufacturing or having manufactured such Product, together with the packaging thereof, including the cost of materials, direct labor, quality control, warranty parts and labor, and overhead (but excluding royalties paid or payable to Third Parties), all as determined in accordance with such party's standard accounting practices for other products manufactured.
Manufacturing Cost means the fully-burdened cost, expressed on a per unit manufacturing basis, of manufacturing the Product, together with the packaging thereof, including the cost of materials, direct labor and benefits, overhead, all as determined in accordance with generally accepted accounting principles ("GAAP"), and excess capacity related cost, consistent with the manufacturer's accounting practices for other products manufactured. Materials, direct labor and benefits, overhead, and excess capacity related cost shall be further defined as follows:
Manufacturing Cost means the fully burdened cost of Manufacturing Licensed Products (or other component(s) contained therein or placebo, as applicable), including any devices and other delivery technologies that are packaged or otherwise distributed with such Licensed Product, to be used in the calculation of Fully-Burdened Manufacturing Costs, which equals the sum of (a) Direct Costs and Indirect Costs (each as defined below) incurred by a Party, (b) the amounts paid by a Party to a Third Party contract manufacturer as invoiced to such Party, including any fees paid to such Third Party as prepayments or to reserve capacity for the Licensed Products and any cancellation or early termination fees (provided that the Party incurring any cancellation or early termination fees used commercially reasonable efforts to mitigate such fees), and any value-added tax or similar tax due for amounts paid to such Third Party directly attributable to such Licensed Product, and any capital expenditures to the extent incurred for the Licensed Product, and (c) direct distribution expense (including without limitation, freight, postage, shipping, customs, duties and insurance charges) incurred for such Licensed Products, except to the extent such expenses were included in calculating Net Sales, in each case, (i) without any ▇▇▇▇-up; provided that the Parties will share depreciation of any internal capital expenditures, if any, to the extent incurred for the Licensed Product, and (ii) but including any Direct Costs or Indirect Costs incurred by a Party to supervise and coordinate the foregoing activities performed by a Third Party. Manufacturing Cost will include costs incurred with respect to, or as a result of, spoilage, obsolescence, failed or destroyed batches of Licensed Product except to the extent attributable to a Party’s or any of its Affiliates’ negligence or willful misconduct. Notwithstanding anything to the contrary contained herein, Manufacturing Costs will exclude any and all costs incurred in connection with establishing, or otherwise causing to become operational, any Manufacturing facilities, including any validation, technology transfer (other than the Manufacturing technology transfer costs) and licensure costs, and such costs will be borne solely by the Party who is establishing or operationalizing (itself or through its Affiliate or Third Party contract manufacturer) such Manufacturing facilities. For purposes of this Appendix 1, “Direct Costs” equals the sum of the followi...
Manufacturing Cost shall have the same meaning as in the Supply Agreement.