Fully Burdened Costs definition

Fully Burdened Costs means the sum of:

Fully Burdened Costs means the cost of raw materials (excluding unless otherwise stated the Programme Compound), components, labour (production), quality control (labour, material and external analysis), third party royalties, freight, import duties, taxes and reasonably allocated facilities, depreciation of equipment and manufacturing overheads relating to the production of the specified item.

Fully Burdened Costs means, with respect to any Blueprint Compound or Licensed Product (or component thereof), in each case, supplied by or on behalf of Blueprint or its Affiliates hereunder: (a) the actual costs of such Manufacturing incurred by Blueprint or its Affiliates, including [***], plus (b) any [***].

Examples of Fully Burdened Costs in a sentence

• As consideration for Antigenics MA agreeing to supply GSK with QS-21 under this Agreement, GSK shall pay Antigenics MA a transfer price of [**] percent ([**]%) of the Fully Burdened Costs for QS-21 delivered hereunder up to [**], and thereafter GSK shall pay Antigenics MA a transfer price of [**] percent ([**]%) of the Fully Burdened Costs for QS-21 delivered hereunder.

• Service Provider will keep and maintain reasonable records covering Service Provider’s costs for the provision of the applicable Service(s) to each Recipient, consistent with Service Provider’s policies and procedures for record keeping of similar costs and expenses, but no less than would be reasonably necessary to verify Service Provider’s Fully Burdened Costs for the applicable Recipient.

• For either (a) or (b) above, Fully Burdened Costs shall also include direct and indirect costs incurred by Antigenics MA as a result of Antigenics MA fulfilling its Manufacturing and supply obligations pursuant to this Agreement, but shall specifically exclude any costs or expenses otherwise payable or reimbursable by GSK hereunder.

• Fully Burdened Costs for TKH Services will not be adjusted for the actual volume of PSAN Inflators produced by Sellers at any time during the Term.

• Antigenics MA’s estimated Fully Burdened Costs under (b) above, based on [**] Manufacture of a [**] batch of QS-21 for [**], are detailed hereto as Exhibit D attached hereto.

More Definitions of Fully Burdened Costs

Fully Burdened Costs as used above shall include all [ * ]. In no event shall Fully Burdened Costs [ * ]. Each statement under Section III.B. shall specify the amount of "Fully Burdened Costs" in connection with each sublicensing agreement and shall be certified by an officer of Licensee, and the calculation thereof shall be subject to review by Licensor.

Fully Burdened Costs means: (a) in the case where Antigenics MA Manufactures QS-21 for supply to GSK hereunder, the total cost to Manufacture by Antigenics MA and/or its Affiliates hereunder, which total cost shall include direct and indirect labor costs, direct material costs (including without limitation, raw materials, lab supplies and other materials used directly in Manufacturing QS-21) and indirect material costs (including without limitation shipping materials (driven by shipments not batches), stability materials, batch record materials, sundry supplies to support QS-21 Manufacture, record keeping, stationary, incidental supplies etc.) calculated in accordance with Generally Accepted Accounting Principles (“GAAP”), and Other Overhead Costs calculated 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.

Fully Burdened Costs means in connection with services to be performed by a party under the terms of this Agreement or the Manufacturing Agreement, all direct and indirect costs incurred by the party or any Affiliate in performing its obligations under this Agreement or the Manufacturing Agreement as determined in accordance with generally accepted accounting principles (based in the case of the Manufacturing Agreement on 80 percent utilization of the manufacturing facility). Such costs shall include without limitation:

Fully Burdened Costs means the direct and indirect costs to manufacture a product, which costs are determined in accordance with generally accepted accounting principles. Direct costs shall include direct materials and direct labor costs associated with manufacturing the product. Indirect costs mean the party's allocable overhead expenses which are applicable to the direct costs of manufacturing the product.

Fully Burdened Costs means 100% of Alkermes’ costs for performing the Services, which shall include Alkermes’ costs of materials, direct labor, warehousing, quality assurance/control, delivery and storage costs, and Allocable Overhead, in each case, to the extent allocable to such activities. The Fully Burdened Cost shall in all cases be applied by Alkermes in accordance with GAAP.

Fully Burdened Costs means, with respect to any activity under this Agreement, the sum of Out-of-Pocket Costs and FTE Costs for such activity.

Fully Burdened Costs means direct costs and expenses, plus FTE costs, provided that failed lots (due to a Party’s negligence), excess overhead and other costs related to idle plant capacity are excluded from this definition.