Planned Costs definition

Planned Costs means the standard Costs established by Schering for its internal accounting system which is intended to materially comply with GAAP, consistently applied. Such Planned Costs shall be provided to EPIX at least thirty(30) days before the beginning of the calendar year in sufficient detail so as to enable EPIX to reasonably review them. Except for Costs attributable to charges of Mallinckrodt under the Manufacturing Agreement, Planned Costs shall not be reconciled with and adjusted to actual Costs. Any such variances from plan shall be considered by Schering in setting the Planned Costs for the next calendar year. Schering shall reconcile and adjust Planned Costs to actual Costs for Costs of Goods Sold attributable only to charges of Mallinckrodt under the Manufacturing Agreement as of the end of each calendar year, with the resulting variance being applied to the first Profit Payment and Royalty Payment due after the end of first quarter of the calendar year following the completion of the applicable calendar year. For the purpose of calculating Profit Payments pursuant to Section 7.6 and Royalty Payments under Sections 7.7 and 7.8, reconciliation of Cost variances attributable to charges of Mallinckrodt shall be allocated to the United States, EU, Japan, and elsewhere based on the number of units of the applicable Licensed Product sold in each respective portion of the Territory. In the event that Schering or an Affiliate of Schering becomes the manufacturer of Compound MS-325 and Licensed Products, the Parties agree to negotiate in good faith Costs of Goods Sold allowable under a new manufacturing agreement between EPIX and Schering. The Parties agree that: (i) Schering will not manufacture Compound MS-325 and Licensed Products on terms less favorable than those provided by Mallinckrodt; PROVIDED, that, if Schering becomes the manufacturer of Compound MS-325 and Licensed Products because Mallinckrodt is unwilling or unable to manufacture Compound MS-325 and Licensed Products under the terms of the Manufacturing Agreement and Schering’s Costs of manufacturing are higher than those of Mallinckrodt, then the price to be charged by Schering shall reflect such higher Costs; and (ii) that the terms of the new agreement will take into consideration any CMC Costs paid or required to be paid by EPIX. CMC Costs incurred by Schering or a Schering Affiliate shall not be included in Costs of Goods Sold or Development Costs, and shall be borne solely by Schering or suc...
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Examples of Planned Costs in a sentence

  • Moving forward, the chart will show the Earned Value and Actual Costs incurred, relative to Planned Costs over time.

  • EV Chart $35,000,000.00 $30,000,000.00 $25,000,000.00 $20,000,000.00 $15,000,000.00 Planned Costs Earned Value Actual Costs $10,000,000.00 $5,000,000.00 $0.00 Chart 11-1.

  • For example, sensor systems that use photographic film are not as re- sponsive since a significantly longer time is taken to first produce a us- able image.

  • The required audit hours for the agencies included in the Schedule of Planned Costs to Audit Government Agencies is based on the planned use of staff time set out in the Schedule of Planned Time Spent on Tasks.

  • We treat each survey response as a vector of probabilities p := p1, p2, .

  • Total Planned Costs: The Excel spreadsheet will automatically calculate all of the total planned costs entered for the Youth program.

  • Activities within each Component and Planned Costs Component 3: Institutional Development for Key Functions at State Ministries of Component 1: School Development Scheme (US$19.48 million equivalent)1a.

  • It is stated that if the percentage of tasks having Task Order Actual Costs that fall below 105% of the Task Order Planned Costs falls below 61% of tasks then the Award Fee score will be 0.

  • Portfolio Planned Costs, by Program Year Source: AIC Compliance Filing, p.

  • Comparing Actual Versus Planned Costs - Contract Centers.For center operating expense, the cost reports for contract centers require a comparison of actual expenses versus planned expenses.

Related to Planned Costs

  • Overhead costs means the actual costs incurred or the estimated costs to be

  • Direct Costs means the sum of the following:

  • Recovered Costs means any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Related Costs means lodging and, if necessary, physical protection for the Covered Person during or while waiting for Transport to the Nearest Place of Safety. Related Costs will include temporary lodging, if necessary, while a Covered Person is waiting to be transported back to the Host Country, Home Country or other country where the Policyholder that sponsored the Covered Person’s Trip is located. Benefits will not be payable for Related Costs unless We (or Our authorized assistance provider) authorize in writing, or by an authorized electronic or telephonic means, all expenses in advance, and services are rendered by Our assistance provider.

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Estimated Costs means costs estimated by the Authority as likely to be:

  • Fixed Costs means costs which do not vary with consumption or volume produced;

  • Cleanup costs means expenses (including but not limited to legal and professional fees) incurred in testing for, monitoring, cleaning up, removing, containing, treating, neutralizing, detoxifying or assessing the effects of Pollutants.

  • Service Costs has the meaning ascribed thereto in Section 3.01.

  • Start-Up Costs means all fees, costs, and expenses incurred in connection with establishing the State Mitigation Trust and the Indian Tribe Mitigation Trust and setting them up for operation. Start-up costs shall not include the cost of premiums for insurance policies.

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.30.

  • Approved costs means the eligible costs or expenditures2 as approved by the Provider, and as defined in the Agreement or Decision on Grant Funding to carry out the Grant Project.

  • Personnel Costs means the costs of researchers, technicians and other supporting staff to the extent employed on the relevant project or activity;

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Hard Costs means all costs and expenses payable for supplies, materials, labor and profit with respect to the Improvements under any Construction Contract.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Operation and Maintenance Costs means the costs of:

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Routine patient care costs means Covered Medical Expenses which are typically provided absent a clinical trial and not otherwise excluded under the Policy. Routine patient care costs do not include:

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.