Gross Licensed System Cost

Gross Licensed System Cost. The fully-burdened cost incurred by Virgin (whether with respect to work performed or services, rights, or materials obtained by or for Virgin or one or more of its third party contractors) in connection with the design, construction and/or testing of each Licensed Spacecraft. For the avoidance of doubt, the parties acknowledge that "Gross Licensed System Cost" will not include costs associated solely with non-technical interior design aspects of experience enrichment facilities or costs... associated solely with readily-available third party software or hardware purchased or licensed by Virgin that is both outside the scope of the Licensed IP and not included in, or used in the design, construction or testing of, any Licensed Spacecraft or components thereof, such as third party hardware and software used in Virgin's booking systems, marketing operations and websites. View More