Common use of Observation Rights Clause in Contracts

Observation Rights. The Issuer covenants and agrees, if requested in writing by the Collateral Manager and to the extent practicable under the circumstances, to notify the Collateral Manager of each meeting of the Board of Directors of the Issuer following the receipt of such request by the Issuer and to use commercially reasonable efforts to provide any materials distributed to the Board of Directors in connection with any such meeting and to afford a representative of the Collateral Manager the opportunity to be present at each such meeting, in person or by telephone at the option of the Collateral Manager.

Observation Rights. The Issuer covenants and agreesagrees that, if requested in writing upon written request by the Collateral Manager and to Manager, the extent practicable under the circumstances, to notify Issuer will promptly provide the Collateral Manager with copies of each the minutes of any meeting of the Board of Directors Managers of the Issuer following the receipt of and any written materials presented or reviewed at any such request by meeting; provided that the Issuer and will have no such obligation in respect of any meeting that relates solely to use commercially reasonable efforts to provide any materials distributed to the Board matters of Directors in connection with any such meeting and to afford a representative of the Collateral Manager the opportunity to be present at each such meeting, in person an administrative or by telephone at the option of routine nature that would have no material effect on the Collateral Manager.

Observation Rights. The Issuer covenants and agreesagrees that, if requested in writing upon request by the Collateral Manager and to Manager, the extent practicable under the circumstances, to Issuer shall notify the Collateral Manager in advance of each meeting of the Board of Directors of the Issuer following the receipt of such Managers. In addition, upon request by the Collateral Manager, the Issuer and will provide to use commercially reasonable efforts the Collateral Manager, at the time of distribution to provide the Board of Managers, any materials to be distributed to the Board of Directors Managers in connection with any such meeting and to meeting. The Issuer will afford a representative of the Collateral Manager the opportunity to be present at each such meetingmeeting upon request by the Collateral Manager, in person or by telephone at the option of the Collateral Manager.

Observation Rights. The Issuer covenants and agrees, if requested in writing by the Collateral Manager and to the extent practicable under the circumstances, agrees to notify timely the Collateral Manager of each meeting of the Board of Directors of the Issuer following the receipt of such request by the Issuer and to use commercially reasonable efforts Directors, to provide timely any materials distributed to the Board of Directors in connection with any such meeting and to afford a representative of the Collateral Manager the opportunity to be present at each such meeting, in person or by telephone at the option of the Collateral Manager.

Observation Rights. The Issuer covenants and agrees, if requested in writing by the Collateral Manager and to the extent practicable under the circumstances, agrees to notify the Collateral Manager of each meeting of the Board of Directors managers of the Issuer following that is material to the receipt performance of such request by the Issuer and to use commercially reasonable efforts Collateral Manager of its duties hereunder, to provide timely any materials distributed to the Board managers of Directors the Issuer in connection with any such meeting and to afford a representative of the Collateral Manager the opportunity to be present at each such meeting, in person or by telephone at the option of the Collateral Manager.

Observation Rights. The Issuer covenants and agrees, if requested in writing by the Collateral Manager and to the extent practicable under the circumstances, to notify the Collateral Manager of each meeting of the Board of Directors Member of the Issuer following the receipt of such request by the Issuer and to use commercially reasonable efforts to provide any materials distributed to the Board Member of Directors the Issuer in connection with any such meeting and to afford a representative of the Collateral Manager the opportunity to be present at each such meeting, in person or by telephone at the option of the Collateral Manager.

Observation Rights. The Issuer covenants and agrees, if requested in writing by the Collateral Manager and to the extent practicable under the circumstances, agrees to notify timely the Collateral Manager of each meeting of the Board of Directors of the Issuer following and each solicitation of written consents from the receipt Board of such request by the Issuer and to use commercially reasonable efforts Directors, to provide timely any materials distributed to the Board of Directors in connection with any such meeting or solicitation and to afford a representative of the Collateral Manager the opportunity to be present at each such meeting, in person or by telephone at the option of the Collateral ManagerManager as to communicate with the Board of Directors with respect to any such solicitation.