Prudency Review Undertakings Sample Clauses

Prudency Review Undertakings. If, in connection with a prudency review or similar process, a Governmental Body determines that any Development Costs were imprudently incurred by one or more Participants or otherwise disallows such costs, then the Management Committee shall work promptly, in good faith, and using reasonable efforts, to address the issues identified by such Governmental Body, which efforts may include, but are not limited to, revising the Development Work plan, the Initial Budget and any other budget for the Development Work; provided, however, that nothing in this Section 5.3.1.2 shall require any Participant to pay costs in excess of its Participant Percentage of Development Costs as otherwise required under this Agreement.
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Related to Prudency Review Undertakings

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