Common use of Update Meetings Clause in Contracts

Update Meetings. The Asset Representation Reviewer, on the one hand, or any of CONA, the Issuer, the Master Servicer or the Servicer, on the other hand, may from time to time request a meeting to review the Tests and Review Materials (and any necessary or desirable modifications thereto), the process management and/or systems for transfer of Review Materials and performance of the Tests, the personnel at any entity or for any other reason that such person reasonably deems prudent (each, an “Update Meeting”). The parties agree to attend Update Meetings upon reasonable notice; provided, that, unless a Review Notice has been sent, a party shall not be required to attend an Update Meeting more frequently than annually.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Discover Card Master Trust I)

Update Meetings. The Asset Representation Reviewer, on the one hand, or any of CONADiscover Bank, the Issuer, the Master Servicer or the Servicer, on the other hand, may from time to time request a meeting to review the Tests and Review Materials (and any necessary or desirable modifications thereto), the process management and/or systems for transfer of Review Materials and performance of the Tests, the personnel at any entity or for any other reason that such person reasonably deems prudent (each, an “Update Meeting”). The parties agree to attend Update Meetings upon reasonable notice; provided, that, unless a Review Notice has been sent, a party shall not be required to attend an Update Meeting more frequently than annually.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Discover Card Master Trust I)