Other Monitoring Activities. During the term of this Agreement, the Company shall provide Investor’s representatives on the Operating Committee with any financial or other information reasonably requested by such Investor representatives. Additionally, the Company shall make available to Investor’s representatives on the Operating Committee an opportunity to meet in person with officers, directors and other employees of the Company and its Subsidiaries upon reasonable request, and to conduct telephonic conferences with Investor’s representatives after the Company delivers any information reports under the Securities Purchase Agreement; provided, that, in each case, the parties hereby agree that in person meetings of the Operating Committee shall take place on a more frequent basis than monthly if reasonably requested by Investor or its representatives where, in Investor’s or its representatives’ determination, the circumstances warrant, taking into account the Company’s and its respective Subsidiaries’ performance or pending transactions. The Company will provide Investor’s representatives on the Operating Committee electronic copies of management reports regularly received by the Chief Executive Officer or President of the Company to the extent Investor may reasonably request. In addition, Investor’s representatives on the Operating Committee shall be authorized to meet with the Company’s lenders at any reasonable time during normal business hours and from time to time.
Appears in 2 contracts
Sources: Investment Monitoring Agreement (Vintage Capital Group, LLC), Investment Monitoring Agreement (Caprius Inc)