EXPERT STUDIES definition

EXPERT STUDIES means technical, feasibility and marketing studies, prepared in respect of a Customer that may be or has been determined to be a Category 3 Customer, dated no earlier than fifteen (15) days prior to the date of delivery thereof to AEF, if appropriate to the Business Plan and required pursuant to the applicable Conversion Conditions, in form and substance acceptable to AEF, prepared by an expert or experts selected by AEF and acceptable to the Customer.