Common use of Negotiation Period Clause in Contracts

Negotiation Period. If Marathon exercises its Special Termination Right or its Marathon Call Right or if Ashland exercises its Special Termination Right or its Ashland Put Right, then for a period of 60 days following the relevant Exercise Date, Marathon and Ashland shall negotiate in good faith to seek to reach agreement as to the Market Value of the Company. If Marathon and Ashland reach such an agreement, then the Market Value of the Company shall be deemed to be the amount so agreed upon by Marathon and Ashland.

Appears in 5 contracts

Samples: Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Marathon Oil Corp), Standstill Agreement (Ashland Inc)

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