Utilized Capital definition
Utilized Capital means the amount of ORTHO's capital specifically ---------------- attributable to the support of a particular Collaboration Product in the Co- Promotion Territory, and shall consist solely of the amount of ORTHO's consolidated net working capital dedicated to the carrying cost of *****, and shall specifically exclude any of the same related to *****.
Utilized Capital means the amount of the Parties’ capital specifically Attributable to the support of a particular Collaboration Product following the first commercial launch of such Collaboration Product, and shall consist of for each Party the then current net book value (i.e., original cost less accumulated depreciation) of facility and equipment utilized specifically in respect of such support activities. If the facility and equipment of a Party are utilized in connection with the support of a Collaboration Product but such facility and equipment were not built or acquired specifically for such products, then the Party in question shall be entitled to include as an element of Utilized Capital an amount equal to the book value of such facility and equipment as of the relevant dates after the first commercial launch multiplied by the percentage of total use of such facility, excluding excess capacity during such quarter for support of the Collaboration Products. The Parties shall attempt to agree upon a fixed percentage of Net Sales to cover the expected Cost of Capital Allowance.
Utilized Capital means the amount of the Parties' capital
More Definitions of Utilized Capital
Utilized Capital means the amount of a Party's capital specifically ------------------ attributable to the support of a particular Collaboration Product in the Profit/Loss Sharing Territory, and shall consist solely of the amount of the Party's consolidated net working capital dedicated to the carrying cost of accounts receivable, inventory, pre-paid assets and capital expenditures.
Utilized Capital means the amount of the Parties' capital ---------------- specifically attributable to the support of a particular Co-Promotion Product in the Co-Promotion Territory following SCHERING's receipt of MYRIAD's Co-Promotion Exercise Notice for such Co-Promotion Product in the Co-Promotion Territory, and shall consist of the consolidated net working capital specifically attributable to such support activities, defined as both Parties' (a) accounts receivable, inventory and prepaid expenses less (b) accounts payable and accrued liabilities.
Utilized Capital means the amount of Party's capital to the extent it is expended or utilized to the support of Licensed Product, and shall consist of: (a) for each Party, [ * ] plus (b) [ * ] (i) [ * ] (ii) [ * ]. Steering Committee Formation of Steering Committee; Decision Making. Abgenix and SangStat shall create, within thirty (30) days after the Effective Date, a Steering Committee. Each Party shall appoint three (3) employees as its representative members of the Steering Committee, at least one having substantial experience in pharmaceutical product development and/or Commercialization. An alternate member designated by a Party may serve temporarily in the absence of a permanent member designated by such Party. A Party may replace either or both of its permanent members of the Steering Committee by written notice to the other Party, and each Party shall have right as it deems reasonably necessary to have additional non-voting employee representatives participate in Steering Committee meetings. Each Party shall elect one person assigned by it to the Steering Committee to serve as co- chair of such committee. Meetings of the Steering Committee. The Steering Committee: shall hold meetings at such times and places as shall be determined by a majority of the entire membership of the Steering Committee but unless otherwise mutually agreed, in no event shall such meetings be held less frequently than once every four (4) months; may conduct meetings in person or by telephone conference; shall keep minutes reflecting actions taken at meetings; and may act without a meeting if prior to such action all members of the Steering Committee sign a written consent thereto. The co-chairs of the Steering Committee shall alternate responsibility for preparing an agenda for and minutes of each meeting of such committee, which minutes shall not be finalized until the co-chairperson who did not prepare such minutes reviews and confirms the accuracy of such minutes, unless such co- chairperson does not complete such review within a reasonable period of time. Functions and Powers of the Steering Committee. The Steering Committee shall: