Common use of Management Discussions Clause in Contracts

Management Discussions. The Company shall (i) cause its senior management team, and use its commercially reasonable efforts to cause ▇▇▇▇▇▇ Buckfire and other appropriate legal advisors, to discuss (at the option of the Company, in person or telephonically), on a bi-weekly basis during regular business hours and for reasonable durational periods (any such discussions to occur at mutually agreeable times), with ▇▇▇▇ ▇▇▇▇▇ and Blackstone and such other professional advisors retained from time to time by the Noteholder Group (it being understood that the fees and expenses of any such additional advisors shall not be required to be paid by the Company or any of its Affiliates to the extent such payment would result in the termination of the Second Forbearance Period pursuant to Section 2 of the Lenders’ Forbearance Agreement), the ongoing financial performance and operations and progress with respect to the restructuring process; and (ii) deliver to ▇▇▇▇ ▇▇▇▇▇ and Blackstone (other than with respect to equity financing proposals) the same information in the same time frame as that which is provided under Section 5(h) of the Lenders’ Forbearance Agreement.

Appears in 1 contract

Sources: Forbearance Agreement (Simmons Co)

Management Discussions. The Company shall (i) cause its senior management team, and use its commercially reasonable efforts to cause M▇▇▇▇▇ Buckfire and other appropriate legal advisors, to discuss (at the option of the Company, in person or telephonically), on a bi-weekly basis during regular business hours and for reasonable durational periods (any such discussions to occur at mutually agreeable times), with P▇▇▇ ▇▇▇▇▇ and Blackstone and such other professional advisors retained from time to time by the Noteholder Group (it being understood that the fees and expenses of any such additional advisors shall not be required to be paid by the Company or any of its Affiliates to the extent such payment would result in the termination of the Second Forbearance Period pursuant to Section 2 of the Lenders’ Forbearance Agreement), the ongoing financial performance and operations and progress with respect to the restructuring process; and (ii) deliver to P▇▇▇ ▇▇▇▇▇ and Blackstone (other than with respect to equity financing proposals) the same information in the same time frame as that which is provided under Section 5(h) of the Lenders’ Forbearance Agreement.

Appears in 1 contract

Sources: Forbearance Agreement (Simmons Co)