Common use of Up Reviews Clause in Contracts

Up Reviews. A follow-up review shall commence no later than 180 calendar days after the issuance of the initial report unless otherwise agreed by the Company, the Monitor, and the Office. The Monitor shall issue a written follow-up report within 120 calendar days of commencing the follow-up review, setting forth the Monitor’s assessment and, if necessary, making recommendations in the same fashion as set forth in Paragraph 15 with respect to the initial review. After consultation with the Company, the Monitor may extend the time period for completion of the follow-up review and issuance of the follow-up report for a brief period of time with prior written approval of the Office.