Common use of Exercise of Right of Negotiation Clause in Contracts

Exercise of Right of Negotiation. The Purchaser may exercise its right to enter into the Retained *** Facility Exclusivity Period by notifying the Seller in writing of its election within ten (10) days of the Purchaser’s receipt of the Proposed Retained *** Facility Transaction Notice. If Purchaser exercises its right to enter into the Retained *** Facility Exclusivity Period: (i) each of the Parties shall negotiate in good faith the terms of the Proposed Retained *** Facility Transaction, and (ii) if reaching agreement of such terms each of the Seller and the Purchaser (or its designee) shall take, or cause to be taken, all actions and do, or cause to be done, all things reasonably necessary, proper or advisable under applicable laws and regulations to consummate and make effective the Proposed Retained *** Facility Transaction.

Exercise of Right of Negotiation. The Purchaser Seller may exercise its right to enter into the Retained *** Facility Exclusivity Period by notifying the Seller Purchaser in writing of its election within ten (10) days of the PurchaserSeller’s receipt of the Proposed Retained *** Facility Transaction Notice. If Purchaser Seller exercises its right to enter into the Retained *** Facility Exclusivity Period: (i) each of the Parties shall negotiate in good faith the terms of the Proposed Retained *** Facility Transaction, and (ii) if reaching agreement of such terms each of the Seller Purchaser and the Purchaser Seller (or its designee) shall take, or cause to be taken, all actions and do, or cause to be done, all things reasonably necessary, proper or advisable under applicable laws and regulations to consummate and make effective the Proposed Retained *** Facility Transaction.