ADM SUB CONSTRUCTION MASTER PLAN AND BUDGET Sample Clauses

ADM SUB CONSTRUCTION MASTER PLAN AND BUDGET. ADM Sub shall prepare the ADM Sub Construction Master Plan and Budget, with the assistance of MBX and in consultation with any Third Party Consultants as shall be approved by the TAC. After the completion of the ADM Sub Construction Master Plan and Budget, the TAC will promptly conduct a complete review of such document, and shall designate and approve those items or categories of costs and expenses provided in such documents as Construction Costs and shall indicate whether and why certain items or categories of costs and expenses do not qualify as Construction Costs, in whole or in part, and whether such costs and expenses could so qualify under other circumstances, for example, if more information were provided as the necessity and reasonableness of the particular costs and expenses or the features or facilities to which such costs and expenses relate. After such review and approval process is completed by the TAC, in the event ADM Sub desires to strike the Option, ADM Sub shall seek all approvals and authorizations required under its corporate governance policies and practices to authorize the Construction of the ADM Sub Manufacturing Facility including the authorization to expend the amounts provided for in the ADM Sub Construction Master Plan and Budget.

ADM SUB CONSTRUCTION MASTER PLAN AND BUDGET. In the event the ADM Sub Construction Master Plan and Budget was not developed pursuant to the Technology Alliance and Option Agreement, ADM Sub, in consultation with any appointed Project Team and the Metabolix Technology Manager, and with the assistance of such Third Party consultants as shall be approved by the Steering Committee, shall develop the ADM Sub Construction Master Plan and Budget and submit same to the Steering Committee for approval. ADM Sub will use Commercially Reasonable Efforts to implement the ADM Sub Construction Master Plan and Budget. The ADM Sub Construction Master Plan and Budget shall be amended, from time to time, in an effort to ensure that it remains sufficiently accurate and complete so that if the activities called for in the ADM Sub Construction Master Plan and Budget were to be executed in accordance with its terms, ADM Sub would have satisfied all of its obligations hereunder with respect to the Construction of the ADM Sub Manufacturing Facility. The ADM Sub Construction Master Plan and Budget shall also be subject to amendment in the event that ADM Sub reasonably expects that the total amount set forth in the budget within the ADM Sub Construction Master Plan and Budget will not be sufficient to fund the activities remaining to be performed under the ADM Sub Construction Master Plan and Budget. Such amendments will include an updated budget with a description and the amount of all additional costs and expenses that ADM Sub desires to have designated as Construction Costs. All amendments to the ADM Sub Construction Master Plan and Budget will be subject to the approval of the Steering Committee, subject to the standards set forth in Section 3.1.3. For avoidance of doubt, no amendment to the ADM Sub Construction Master Plan and Budget will be required due to a variance in the actual cost of a particular item or service as compared to the budgeted cost of such item or service unless such variance (alone or cumulatively with other such variances) causes ADM Sub to reasonably expect that the total amount set forth in the budget within the * CONFIDENTIAL TREATMENT REQUESTED 18 ADM Sub Construction Master Plan and Budget will not be sufficient to fund the activities remaining to be performed under the ADM Sub Construction Master Plan and Budget.