Offer Presented Clause Samples

Offer Presented. At least sixty (60) calendar days prior to the proposed Transfer of an Interest, the Distributor will furnish to ExxonMobil a copy of the proposed transferee’s offer together with a binding offer by Distributor to sell the Interest to ExxonMobil (“Offer”) on the terms and conditions of the offer received from the proposed transferee. The proposed transferee’s offer must be bona fide, in writing, and contain all terms and conditions of the proposed Transfer. Distributor will provide to ExxonMobil a complete copy of the executed written agreement or other documents presented by the proposed transferee that contain all of the terms and conditions of the proposed transferee’s offer, with no material terms yet to be negotiated, together with copies of all information regarding Distributor’s business supplied to the proposed transferee. Distributor will also furnish ExxonMobil with such additional information relating to the Interest, the proposed Transfer, and the proposed transferee as ExxonMobil may reasonably request in order to evaluate the Offer.