Interim No‑Go Decisions and Final Sample Clauses

Interim No‑Go Decisions and Final. Go/No-Go Decision. (a) Interim No-Go Decisions. Prior to each of June 30, 2013 and June 30, 2014, Total may notify Amyris in writing that it no longer wishes to participate in the Biofene Development Project Plan (a “No-Go Decision”). The No-Go Decision shall be effective thirty (30) calendar days following the date of such notice (the “No-Go Decision Date”). The effect of the occurrence of a No-Go Decision shall be as set forth in this Master Agreement, the Second Amendment, the SPA and the Notes. In the event Total shall not have notified Amyris of its decision to effect a No-Go Decision prior to June 30, 2013, Amyris and Total shall consummate the Second Closing pursuant to the SPA, subject to the satisfaction of the conditions to the Second Closing set forth in the SPA. In the event Total shall not have notified Amyris of its decision to effect a No-Go Decision prior to June 30, 2014, Amyris and Total shall consummate the Third Closing pursuant to the SPA, subject to the satisfaction of the conditions to the Third Closing set forth in the SPA. (b) Final Go/No-Go Decision Date: Within thirty calendar days following the earlier of (i) the Project Completion Date and (ii) December 31, 2016 (the “Go Decision Date”), Total shall notify Amyris in writing whether it wishes to (x) make a No‑Go Decision, which No-Go Decision shall have effects set forth in Section 2.2(a), (y) form the JVCO contemplated by and pursuant to Article 3 hereof (a “Go Decision”), or (z) make a No‑Go Decision on the Farnesane Diesel Product and to form JVCO contemplated by and pursuant to Article 3 hereof with respect to the Farnesane Jet Product only (“Jet Go Decision”). In the event that Total shall fail to notify Amyris of such election by the Go Decision Date, Total shall be deemed to have made a Go Decision. The effect of the occurrence of a Jet Go Decision shall be as set forth in this Master Agreement, the Second Amendment, the SPA and the Notes.
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