Common use of Access After Closing Clause in Contracts

Access After Closing. For a period of two (2) years after the Effective Date, Sellers shall have reasonable access to all of the records, books and documents of Buyers related to the Companies and the Projects to the extent that such access may reasonably be required in connection with matters relating to or affected by the operations of any Company or Project prior to the Effective Date (including, without limitation, liabilities with respect to Taxes and Sellers’ use of tax credits available to them pursuant to 26 U.S.C. § 45). Such access shall be afforded upon receipt of reasonable advance notice and during normal business hours. Sellers shall be solely responsible for any costs or expenses incurred by them or Buyers pursuant to this Section 8.2. If any Buyer shall desire to dispose of any records, books or documents that may relate to operations of any Company or Projects before the Closing prior to the expiration of such two-year period, such Buyer shall, prior to such disposition, give Sellers a reasonable opportunity, at Sellers’ expense, to segregate and remove such records, books or documents as Sellers may select. Purchase and Sale Agreement

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ridgewood Power Growth Fund /Nj), Purchase and Sale Agreement (Ridgewood Electric Power Trust Iv)

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Access After Closing. For a period of two (2) years after the Effective DateClosing Date (or such longer period as may be reasonably requested in the case of a Tax controversy), the Sellers shall have reasonable access to all of the records, books books, and documents of Buyers the Buyer related to the Companies and the Projects to the extent that such access may reasonably be required in connection with matters relating to or affected by the operations of any Company the Companies or Project the Projects prior to the Effective Closing Date (including, without limitation, liabilities with respect to Taxes and the Sellers’ use of tax credits available to them pursuant to 26 U.S.C. § 45Production Tax Credits). Such access shall be afforded upon receipt of reasonable advance notice and during normal business hours. The Sellers shall be solely responsible for any costs or expenses incurred by them or Buyers the Buyer pursuant to this Section 8.29.4. If any the Buyer shall desire to dispose of any records, books books, or documents that may relate to operations of any Company the Companies or the Projects before the Closing prior to the expiration of such two-year period, such the Buyer shall, prior to such disposition, give the Sellers a reasonable opportunity, at the Sellers’ expense, to segregate and remove such records, books books, or documents as the Sellers may select. Purchase and Sale Agreement.

Appears in 1 contract

Samples: Interest Purchase Agreement (Ridgewood Electric Power Trust Iii)

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Access After Closing. For a period of two (2) years after the Effective DateClosing Date equal to the applicable statute of limitations, Sellers shall have reasonable access to all of the records, books and documents of Buyers Buyer related to the Companies Company and the Projects to the extent that such access may reasonably be required in connection with matters relating to or affected by the operations of any the Company or Project Projects prior to the Effective Closing Date (including, without limitation, liabilities with respect to Taxes and Sellers’ use of tax credits available to them pursuant to 26 U.S.C. § 45). Such access shall be afforded upon receipt of reasonable advance notice and during normal business hours. Sellers shall be solely responsible for any costs or expenses incurred by them or Buyers Buyer pursuant to this Section 8.27.5. If any Buyer shall desire to dispose of any records, books or documents that may relate to operations of any the Company or Projects before the Closing prior to the expiration of such two-year period, such Buyer shall, prior to such disposition, give Sellers a reasonable opportunity, at Sellers’ expense, to segregate and remove such records, books or documents as Sellers may select. Purchase and Sale Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ridgewood Electric Power Trust V)

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