definiens: means, with respect to a Declined Product Candidate, Bluebird’sFTE Costs and out - of - pocket costs directly identifiable or allocable to the Development of such Declined Product Candidateby Bluebird, its Affiliates or others working on their behalf, as applicable, following the date of Bluebird ’s delivery of aBluebird Development Notice for such Declined Product Candidate . Such costs will be calculated and allocated in accordancewith methodologies based on Bluebird ’s then current internal accounting systems, consistently applied, and in accordancewith U.S. generally accepted accounting principles or International Financial Reporting Standards, consistently applied . Forclarity, Declined Product Candidate Development Costs will include amounts paid by Bluebird to [COMPANY] with respect topayments due under any Applicable [COMPANY] In - License attributable to Bluebird as a sublicensee thereunder with respect tothe Development of such Declined Product Candidate