Information Regarding Proposed Changes Sample Clauses

Information Regarding Proposed Changes. The Parties shall include any material elements of the update required to be provided by Bank at each regular meeting of the Operating Committee pursuant to Section 3.2(e)(i) in the agenda for the following Executive Committee meeting. In addition to the foregoing, the agenda for each regular meeting of the Executive Committee shall include one or more summary updates with respect to (i) observations concerning compliance-related topics generally occurring in the marketplace, (ii) any Compliance-Focused Changes under active consideration by Bank that are reasonably likely to be proposed by Bank for the Program, which update(s) shall be prepared by Bank and (iii) any Macy’s Reimbursable Changes, including any Market Conforming Changes, that are under active consideration by Macy’s that are reasonably likely to be proposed by Macy’s for the Program, which update(s) shall be prepared by Macy’s. With respect to updates referred to in clauses (ii) and (iii) above, such update(s) shall include a brief summary of the basis for such consideration of and the status of deliberations of the Party that is considering proposing such changes. The Executive Committee shall consider any reasonable alternative means proposed by a Party to achieve the objective of such proposed changes referred to in clauses (ii) and (iii)