Fully Absorbed Cost definition

Fully Absorbed Cost means Ironwood’s costs to Manufacture the Development Material and Licensed Compound, or Astellas’s cost to Manufacture and supply Product, as applicable, consisting of Direct Costs and Indirect Costs, all determined in accordance with United States generally accepted accounting principles, or GAAP, as applicable, as in effect from time to time and consistently applied.
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Fully Absorbed Cost means with respect to AHP's manufacture of the Product, the sum of AHP's standard unit costs of raw materials, direct labor and allocated overhead. The calculation of direct labor and allocated overhead costs will be consistent with AHP's then current cost accounting policies and procedures and in accordance with generally accepted accounting procedures.
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Fully Absorbed Cost has the meaning set forth on EXHIBIT 2.3 hereto.
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Examples of Fully Absorbed Cost in a sentence

  • During the Term of this Agreement, Astellas will keep and maintain accurate and complete records regarding Net Sales during the three preceding Years and Ironwood will keep and maintain accurate and complete records regarding the Fully Absorbed Cost covering the three preceding Years .

  • Upon completion of the audit, the accounting firm will provide both the Auditing Party and the Audited Party a written report disclosing whether the reports submitted by Astellas, or the Fully Absorbed Cost reported by Ironwood and the resulting Transfer Price payments and royalty credits, as applicable, are correct or incorrect and the specific details concerning any discrepancies.

  • For Charts 4 and 5, it should be noted that the upper section (i.e., Fully Absorbed Cost), the bottom line of each alternative shows “Net Profit” (or Loss if in brackets).

  • Notwithstanding any provision of this Agreement to the contrary, the Parties acknowledge and agree that Aptein shall not bear any costs relating to the construction by Genzyme of manufacturing facilities for a Collaboration Product (other than through depreciation and authorization included in Fully Absorbed Cost of Goods).

  • Upon completion of the audit, the accounting firm will provide both the Auditing Party and the Audited Party a written report disclosing whether the reports submitted by Astellas, or the Fully Absorbed Cost reported by Xxxxxxxx and the resulting Transfer Price payments and royalty credits, as applicable, are correct or incorrect and the specific details concerning any discrepancies.


More Definitions of Fully Absorbed Cost

Fully Absorbed Cost means standard cost calculated as [***].
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Fully Absorbed Cost means all fixed and variable costs, including overhead, of Product in accordance with Generally Accepted Accounting Principles in effect in the United States consistently applied.
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Fully Absorbed Cost means: ------------------- (a) Costs of third party manufacturers, utilities, materials, indirect materials and supplies used in the manufacturing and packaging of Product;
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Fully Absorbed Cost means Ironwood’s costs to Manufacture the Development Material and Licensed Compound, as applicable, consisting of [**], all determined in accordance with GAAP. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission.
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Related to Fully Absorbed Cost

  • Fully Loaded Cost means the direct cost of good or service plus all applicable indirect charges and overheads.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.

  • Stranded cost means the amount by which the net cost of an

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

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

  • Net salvage value means the salvage value of property retired less the cost of removal.

  • Indirect Cost Rate means a device for determining in a reasonable manner the proportion of indirect costs each Program should bear. It is a ratio (expressed as a percentage) of the Indirect Costs to a Direct Cost base. If reimbursement of Indirect Costs is allowable under an Award, Grantor will not reimburse those Indirect Costs unless Grantee has established an Indirect Cost Rate covering the applicable activities and period of time, unless Indirect Costs are reimbursed at a fixed rate.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Disposable earnings means that part of the earnings of an

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Non-Methane Hydrocarbons (NMHC means the sum of all hydrocarbon air pollutants except methane.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Manufacturing Cost means [***].

  • Disposable income means that part of the income due and payable of any individual remaining

  • COGS means the cost of goods sold as determined in accordance with U.S.GAAP;

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Full cost means the cost of providing service plus a reasonable charge for administrative overhead;

  • FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.

  • Qualified vendor means a vendor who: