Variable Production Cost definition
Variable Production Cost means the total actual variable production cost of the Product, including the cost of feedstock (sugar), other raw materials, variable utilities and other variable costs (but not including overhead, labor, depreciation, facilities, allocated labor, or overhead allocations), including, if applicable, the costs of refining, bleaching and deodorizing the Product, and including a credit for the realized value of any co-product of the production of Exhibit A – † Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Products to the extent that such realized value is greater than the value of the co-product when sold into a bulk feed application, net of any delivery costs, or otherwise purifying the Product to make it ready for sale from the JV Companies.
Variable Production Cost means the total actual variable production cost of the Product, including the cost of feedstock (sugar), other raw materials, variable utilities and other variable costs (but not including overhead, labor, depreciation, facilities, allocated labor, or overhead allocations), including, if applicable, the costs of refining, bleaching and deodorizing the Product, and including a credit for the realized value of any co-product of the production of Exhibit A – † Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. Products to the extent that such realized value is greater than the value of the co-product when sold into a bulk feed application, net of any delivery costs, or otherwise purifying the Product to make it ready for sale from the JV Companies. Additional Definitions. Each of the following terms shall have the meaning defined in the corresponding sections of this Agreement indicated below: Term Section Reference Agreement Preamble Effective Date Preamble Company Preamble SB Oils Preamble JV Companies Preamble Solazyme, Inc. Preamble Solazyme Brazil Preamble Solazyme Group Preamble Original Joint Venture Agreement Recitals Moema Facility Recitals Initial Joint Venture Recitals Original Solazyme Development Agreement Recitals Joint Venture Recitals Reais 1.2 Project Plan 2.1(a) Project Term 2.2 Solazyme Project Technology 2.6