Common use of GOAL OF TECHNOLOGY ALLIANCE PROGRAM Clause in Contracts

GOAL OF TECHNOLOGY ALLIANCE PROGRAM. The goal of the Technology Alliance Program is to (i) produce PHA Cell Paste, first in a fermenter having a capacity of approximately * and then in a fermenter having a capacity of approximately *, in both cases, in a manner and with results that meet the applicable Fermentation Performance Parameters; (ii) demonstrate recovery of PHA Material in a manner and with results that meet the Recovery Performance Parameters (the items listed in the foregoing "(i)" and "(ii)" collectively are the "Technical Aspects of the Goal"); and (iii) based upon the results of (i) and (ii) above, have ADM Sub develop and the TAC agree upon a completed master plan for Construction of the ADM Sub Manufacturing Facility, including without limitation, surveys, blueprints, and engineering studies, which master plan shall be organized into a detailed, multiphase process for undertaking and completing Construction of the ADM Sub Manufacturing Facility and which shall have a project budget with projected detailed expenditures provided for each phase of the Construction process, all of which shall be in form and substance, suitable for ADM Sub's management and board of directors to make a determination to approve the expenditures for the ADM Sub Manufacturing Facility as and to the extent required by ADM Sub's corporate governance polices and procedures (the "ADM Sub Construction Master Plan and Budget") (collectively the "Goal"). Successful completion of the Goal is intended to confirm the potential economics of producing PHA Material at commercial scale as part of a long-term commercial alliance.

Appears in 2 contracts

Samples: Alliance and Option Agreement (Metabolix, Inc.), Alliance and Option Agreement (Metabolix, Inc.)

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GOAL OF TECHNOLOGY ALLIANCE PROGRAM. The goal of the Technology Alliance Program is to (i) produce PHA Cell Paste, first in a fermenter having a capacity of approximately * *, and at ADM Sub's option then in a fermenter having a capacity of approximately *, in both all cases, in a manner and with results that meet the applicable Fermentation Performance Parameters; (ii) demonstrate recovery of PHA Material in a manner and with results that meet the Recovery Performance Parameters (the items listed in the foregoing "(i)" and "(ii)" collectively are the "Technical Aspects of the Goal"); and (iii) based upon the results of (i) and (ii) above, have ADM Sub develop and the TAC agree upon a completed master plan for Construction of the ADM Sub Manufacturing Facility, including without limitation, surveys, blueprints, and engineering studies, which master plan shall be organized into a detailed, multiphase process for undertaking and completing Construction of the ADM Sub Manufacturing Facility and which shall have a project budget with projected detailed expenditures provided for each phase of the Construction process, all of which shall be be, in form and substance, suitable for ADM Sub's management and board of directors to make a determination to approve the expenditures for the ADM Sub Manufacturing Facility as and to the extent required by ADM Sub's corporate governance polices and procedures (the "ADM Sub Construction Master Plan and Budget") (collectively the "Goal"). Successful completion of the Goal is intended to confirm the potential economics of producing PHA Material at commercial scale as part of a long-term commercial alliance."

Appears in 2 contracts

Samples: Alliance and Option Agreement (Metabolix, Inc.), Alliance and Option Agreement (Metabolix, Inc.)

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