Procurement Cost definition

Procurement Cost means the actual cost incurred by SUMITOMO in connection with the packaging and labeling of LdT Drug Product provided that: (i) such costs are reasonable and subject to audit by an independent, certified accountant reasonably acceptable to SUMITOMO; (ii) the costs will not be substantially different from the costs of packaging and labeling of other similar products; and (iii) efforts to minimize the actual costs incurred will be undertaken by SUMITOMO independently and upon the reasonable suggestion of NOVIRIO.
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Procurement Cost means the [***] for any materials (including the supplies, Raw Materials, Resins, Consumables, and Designated Equipment) or outsourced services used in or for the research, development or manufacture of the Product under this Agreement, including, but not limited to, shipping and handling costs and customs duties incurred and paid by Paragon to that Third Party in connection with the acquisition or procurement of such materials or services [***].
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Examples of Procurement Cost in a sentence

  • In addition, upon expiration of the Transition Services Period, Braeburn shall have the option, in Braeburn’s sole discretion, to purchase from Titan all Compound, EVA or Product (including validation batches) held in inventory as of such date at any Third Party Manufacturer, warehouse or distributor at a price equal to Titan’s Product Procurement Cost.

  • Within 60 days of execution of this Agreement, JOEL shall provide Quigley with a detailed list o▇ ▇▇EL's current co▇▇ ▇▇▇ ingredients and other supplies, (the "Original Procurement Cost").

  • In the event JOEL's actual costs increase with reference to the Original Procurement Cost, then JOEL shall provide Quigley detailed data concernin▇ ▇▇s actual costs ▇▇ ▇▇▇▇uring the ingredients and other supplies.

  • In addition to any payments required as a result of the true-up of the Supply Price for Finished Products and/or Samples shipped prior to the Processing Assumption Date in accordance with Section 14.8(b), after the Processing Assumption Date, at Indevus’ request, Esprit shall purchase from Indevus all or any portion of Compound in inventory as of the Processing Assumption Date that meets applicable specifications at a price equal to Indevus’ Product Procurement Cost for such Compound.

  • Paragon shall invoice Client monthly for the Procurement Cost for any materials (including the Raw Materials, Resins, Consumables) and Designated Equipment or outsourced services procured for use in or for the activities pursuant to this SOW.

  • Each party shall provide evidence available to it of the prevailing Delivered Log Prices and prices paid in Stumpage Sale Transactions in the relevant Resource Regions during the relevant Pricing Period and of the Average Procurement Cost for the Harvest Year.

  • Estimated Procurement Cost Rs. 6,00,00,000 (INR Six Crores Only) Bid Security and Mode of Payment  Amount (INR): o 2% of the estimated procurement cost, i.e., Rs. 12,00,000/- o 0.5%, i.e., Rs. 3,00,000/- for S.S.I. of Rajasthan o 1%, i.e., Rs. 6,00,000/- for Sick Industries, other than S.S.I., whose cases are pending with Board of Industrial & Financial Reconstruction.

  • Within 60 days of execution of this Agreement, __________ shall provide Quigley with a detailed list of __________'s curre▇▇ ▇▇▇▇ for ingredients and other supplies, (the "Original Procurement Cost").

  • All materials (including Raw Materials, Resins and Consumables) shall be invoiced to Client by Paragon at the relevant Procurement Cost.

  • In the event _________'s actual costs increase with reference to the Original Procurement Cost, then ________ shall provide Quigley detailed data concerning its actual costs o▇ ▇▇▇▇▇ring the ingredients and other supplies.