Common use of JRC Meetings Clause in Contracts

JRC Meetings. The JRC will hold its first meeting within [***] after the Effective Date. During the Research Term and thereafter until disbanded as provided in Section 4.9 (JRC Term), the JRC will meet on a Calendar Quarter basis by audio or video teleconference and, at a minimum, twice each Calendar Year in person (which in-person meeting will be held on an alternating basis between Waltham, MA and a site of ▇▇▇▇▇▇▇ or any of its Affiliates, such to be agreed by the Parties). Either Party may also call a special meeting of the JRC (by videoconference or teleconference) upon at least [***] prior written notice to the other Party if such Party reasonably believes that a significant matter must be addressed before the next regularly scheduled JRC meeting, and such Party will provide the JRC materials reasonably adequate to enable an informed discussion by its members no later than [***] before the special meeting. Meetings of the JRC are effective only if at least two of the representatives of each Party are present at the meeting or participating by teleconference. Each Party will be responsible for all its own costs and expenses of participating in the JRC meetings. The Parties will endeavor to schedule meetings of the JRC at least [***] in advance. The Parties will agree on the minutes of each meeting promptly, but in no event later than [***] following the date of such meeting.