Common use of Update Calls Clause in Contracts

Update Calls. During the Third Supplemental Forbearance Period, the Obligors’ management team, including the CRO (if employed at such time), the Obligors’ legal and financial advisors and the Restricted Holders’ legal and financial advisors shall convene a telephonic meeting at a time mutually convenient for the parties to discuss the status of and progress towards a Potential Transaction (such telephonic meetings, “Update Calls”). Restricted Holders and the independent members of the Company’s board of directors may, but are not obligated to, participate in Update Calls. The first such Update Call during the Third Supplemental Forbearance Period shall be held the week of September 25, 2017; provided, for the avoidance of doubt, that the Obligors’ management team, the CRO, and the Obligors’ legal and financial advisors shall be available as reasonably requested by the Restricted Holders’ legal and financial advisors for additional telephonic meetings to discuss a Potential Transaction or any related issues.

Update Calls. During the Third Second Supplemental Forbearance Period, the Obligors’ management team, including the CRO (if employed at such time), the Obligors’ legal and financial advisors and the Restricted Holders’ legal and financial advisors shall convene a telephonic meeting at a time mutually convenient for the parties to discuss the status of and progress towards a Potential Transaction (such telephonic meetings, “Update Calls”). Restricted Holders and the independent members of the Company’s board of directors may, but are not obligated to, participate in Update Calls. The first such Update Call during the Third Second Supplemental Forbearance Period shall be held the week of September 2518, 2017; provided, for the avoidance of doubt, that the Obligors’ management team, the CRO, and the Obligors’ legal and financial advisors shall be available as reasonably requested by the Restricted Holders’ legal and financial advisors for additional telephonic meetings to discuss a Potential Transaction or any related issues.