Common use of Meetings and Minutes Clause in Contracts

Meetings and Minutes. The JSC shall meet at least annually and the JDC and JCC shall meet quarterly, or in each case as otherwise agreed to by the Parties, with the location of such meetings alternating between locations designated by Ablynx and locations designated by AbbVie; […***…]. The chairperson of the applicable Joint Committee shall be responsible for calling meetings on no less than […***…] notice. Each Party shall make all proposals for agenda items and shall provide all appropriate Information with respect to such proposed items at least […***…] in advance of the applicable meeting; provided, that under exigent circumstances requiring input by the Joint Committee, a Party may provide its agenda items to the other Party within a shorter period of time in advance of the meeting, or may propose that there not be a specific agenda for a particular meeting, so long as the other Party consents to such later addition of such agenda items or the absence of a specific agenda for such meeting. The secretary of the JSC and the chairperson of the JDC and JCC shall prepare and circulate for review and approval of the Parties minutes of each meeting within […***…] after the applicable Joint Committee meeting. The Parties shall agree on the minutes of each meeting promptly, but in no event later than […***…] following distribution of such minutes. If the Parties cannot agree on the content of the minutes the objecting Party shall append a notice of objection with the specific details of the objection to the proposed minutes.

Meetings and Minutes. The JSC shall meet at least annually [***]; provided that from and after Licensee or its Affiliates achieves aggregate Net Sales of [***] in the JDC and JCC Territory, Licensee shall meet quarterly, or in each case as otherwise agreed have the option to by reduce the Parties, with the location frequency of such meetings alternating between locations designated by Ablynx and locations designated by AbbVie; to […***…]. The chairperson co-chairpersons of the applicable Joint Committee JSC shall be responsible for calling meetings on no less than […***…] notice unless exigent circumstances require shorter notice. Each Party shall make all proposals for agenda items at least [***] in advance of the applicable meeting and shall provide all appropriate Information information with respect to such proposed items at least […***…] in advance of the applicable meeting; provided, provided that under exigent circumstances requiring input by the Joint CommitteeJSC, a Party may provide its agenda items to the other Party within a shorter period of time in advance of the meeting, meeting or may propose that there not be a specific agenda for a particular meeting, so long as the other Party consents to such later addition of such agenda items or the absence of a specific agenda for such meetingmeeting (which consent shall not be unreasonably withheld, conditioned or delayed). The secretary of the JSC and the chairperson of the JDC and JCC shall prepare and circulate for review and approval of the Parties minutes of each meeting within […***…] after the applicable Joint Committee meeting. The Parties shall alternate the responsibility for keeping such meeting minutes. The Parties shall agree on the minutes of each meeting promptly, but in no event later than […***…] following distribution of such minutes. If the Parties cannot agree on the content next meeting of the minutes the objecting Party shall append a notice of objection with the specific details of the objection to the proposed minutesJSC.