Standard ROFO Negotiation Period. If the Offer Response is as set out in Subsection 3.6(ii), Supplier and GM shall, each acting in good faith, for a period of a further one hundred and sixty (160) days (the "Standard ROFO Negotiation Period") negotiate the binding Commercial Agreement, based on the Sale Terms, which binding Commercial Agreement, for clarity, may provide that closing is conditional upon the satisfaction of conditions precedent.
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Samples: Lithium Offtake Agreement (1397468 B.C. Ltd.), Agreement (1397468 B.C. Ltd.), Agreement (1397468 B.C. Ltd.)