Common use of Periodic Meetings Clause in Contracts

Periodic Meetings. Until the last Servicing Transfer Date, unless otherwise mutually agreed upon by Seller and Purchaser, the Designated Committee shall have a telephonic meeting each calendar month and a meeting in person at least once a fiscal quarter. Such regular meetings shall be at such times and locations as may be mutually agreed by the members of the Designated Committee. The Designated Committee shall discuss at any such regular meeting any topic that either Seller or Purchaser desires to discuss at such regular meeting. In addition, until the last Servicing Transfer Date, either Seller or Purchaser may call a special telephonic meeting of the Designated Committee upon five (5) Business Days prior written notice to the other party, which notice shall set forth in reasonable detail the topics to be discussed at such special meeting.