Designated Committee definition
Examples of Designated Committee in a sentence
In addition, until the last Servicing Transfer Date, either Seller or Purchaser may call a special telephonic meeting of the Designated Committee upon five (5) Business Days prior written notice to the other party, which notice shall set forth in reasonable detail the topics to be discussed at such special meeting.
Until the last Servicing Transfer Date, the Designated Committee shall be responsible for monitoring the performance of the services provided pursuant to the Agreement and this Sale Supplement, providing recommendations for improving the performance of such services and discussing potential solutions to any disputes with respect to the services.
Seller and Purchaser shall have the right to replace those of its officers who are serving on the Designated Committee upon written notice to the other party.
The Designated Committee shall discuss at any such regular meeting any topic that either Seller or Purchaser desires to discuss at such regular meeting.
Such regular meetings shall be at such times and locations as may be mutually agreed by the members of the Designated Committee.