definiens: . Manufacturin g Costs means, with respect to the Product, the aggregate of each Party 's cost to commercially manufacture ( including the buildup of commercial inventory ) and /or Label the Product, calculated as follows : ( a ) if the Product is manufa ctured and/or Labeled by a Party or its Affiliate, then Manufacturing Costs sh all be determined as set forth on SCHEDULE 1.48 ; or ( b ) if the Product is ma nufactured and/or Labeled by a Third Party manufacturer, Manufacturing Costs sha ll equal the costs as invoiced by such Third Party manufacturer for the m anufacture and/or Labeling of a specified quantity of the Product, plus any of th e costs set forth on SCHEDULE 1.48 that are incurred by the Parties or their Affi liates in completing the manufacture, Labeling and delivery to a warehouse(s ) designated by the [COMPANY] Parties of such quantity of the Product