Common use of Relationship Managers Clause in Contracts

Relationship Managers. Each Party will appoint a relationship manager who will be responsible for the ongoing monitoring and management of the relationship between the Parties and to serve as a link between the Parties. The relationship managers shall: report to each other for the duration of this Agreement and shall ensure that any faulty or unacceptable performances of a Party is brought to the attention of the relevant relationship manager as soon as possible, to enable such Party to take suitable corrective action; continually review the information exchange requirements of both Parties and agree on the dates for review meetings; and meet regularly to review the relationship and to provide feedback regarding any specific requirements or issues raised by their respective principals. Where either Party requires any specific action or consent in terms of this Agreement, the relationship manager of that Party shall advise the relationship manager of the other party of such a request; and the relationship manager of the other Party shall take the necessary steps to ensure that the required action is taken or the required consent is given. The relationship managers shall provide feedback regarding the relationship to their respective Management Teams.