Acceptance of Offers. Each Dealer will promptly advise the Issuer, at its option orally or in writing, of each reasonable offer to purchase Notes received by it. Each Dealer may, in its discretion reasonably exercised, without notice to the Issuer, reject any offer received by it, in whole or in part. The Issuer will have the sole right to accept offers to purchase Notes and may reject any such offer, in whole or in part. If the Issuer accepts or rejects an offer, in whole or in part, the Issuer will promptly so notify the Presenting Dealer.
Appears in 4 contracts
Samples: Distribution Agreement (New South Wales Treasury Corp), Distribution Agreement (State of Queensland Australia), Distribution Agreement (Queensland Treasury Corp)
