INCREASE IN BID CONSIDERATION Sample Clauses

INCREASE IN BID CONSIDERATION. (a) If at any time and from time to time Barrick determines that it is appropriate to increase the Bid Consideration, it shall first notify Goldcorp in writing of such intention and of the new proposed Bid Consideration. Within 48 hours of receiving such notification, Goldcorp shall notify Barrick in writing whether it approves or disapproves such increase in the Bid Consideration. If Goldcorp fails to provide such written notice within the time prescribed therefor, Goldcorp will be deemed to have irrevocably disapproved the increase in the Bid Consideration. (b) If Goldcorp disapproves or is deemed to have disapproved an increase in the Bid Consideration and Barrick increases the Bid Consideration to the amount proposed in the aforementioned notice from Barrick, then: (i) Goldcorp shall lose the right to acquire the Transferred Assets but Barrick will have the right to put the Transferred Assets to Goldcorp as more specifically provided in Section 2.5; and (ii) Barrick shall not be required to seek approval of Goldcorp to any subsequent increase in the Bid Consideration.