Access and Cooperation. (a) During the period from the date of this Agreement until the Closing Date, the Sellers will permit the Buyer and its representatives reasonable access on reasonable notice during normal business hours to the business and operations, properties, personal property, personnel, books and records, contracts and commitments of the Fastener Business, the Fastener Business Assets and the Assumed Fastener Business Liabilities (including the access to customers of the Fastener Business, provided that such access is strictly to facilitate the obtaining of any Government approvals), including the right to make copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Business Intellectual Property Licenses. During such period the Parent will cause its representatives and those of the Fastener Business to consult as reasonably requested by the Buyer on a regular basis with such representatives of the Buyer and to discuss the ongoing operations of the Fastener Business including with respect to environmental matters. The Parent will promptly notify the Buyer of any significant change in the normal course of the Fastener Business and of any complaints, investigations or hearings (or communications indicating that the same may be contemplated) by or of any Government entity, or the institution or threat of any significant litigation, in each case involving the Fastener Business, and will keep the Buyer fully informed of such events and permit the Buyer's representatives access to all material prepared in connection therewith. In the event that any record or other information requested by the Buyer is subject to a confidentiality agreement with a third party, attorney-client privilege, or other legal restriction or privilege, the Sellers and the Buyer will endeavor to find means of disclosing as much information as practicable that is needed by the Buyer to prepare for the transfer of the Fastener Business, but the Sellers will not be obligated to breach such restriction or privilege. All information given or obtained by the Buyer and its representatives pursuant to this Section 5.3 shall be subject to the terms of the Confidentiality Agreement, dated December 17, 2001, between the Buyer and the Parent (the "Confidentiality Agreement"). The Buyer shall return all copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Intellectual Property Licenses and commitments promptly upon the request of any Seller if for any reason the Closing does not occur and this obligation shall survive the termination of this Agreement. The access provided by the Sellers to the Buyer pursuant to this Section 5.3(a) shall include the right of the Buyer to conduct any environmental investigation that the Buyer deems prudent, provided that the Buyer shall not undertake any environmental testing or sampling prior to the Closing Date. Representatives of the Buyer and the Sellers shall meet prior to the performance of any additional environmental inspection to discuss the schedule and scope of such work. (b) Except for Taxes covered in Section 8.7, for a period of seven years after the Closing, the Buyer and the Sellers shall provide the other with reasonable access during normal business hours, upon reasonable notice, to all Fastener Business Books and Records to the extent they relate to the condition or operation of the Fastener Business Assets, the Transferred Fastener Subsidiaries or the Assumed Fastener Business Liabilities prior to the Closing (including, but not limited to, any accounts receivable that the Sellers retain pursuant to Section 2.10 or that are transferred and assigned to the Parent pursuant to Section 5.20), to respond to Third Party Claims or for any other legitimate purpose specified in writing. Each of the Sellers and the Buyer shall have the right, at its own expense, to make copies of any such books and records. No party hereto shall destroy any books or records to the extent that they relate to the condition or operation of the Fastener Business Assets, the Transferred Fastener Subsidiaries or the Assumed Fastener Business Liabilities prior to the seventh anniversary of the Closing without first offering to turn over possession to the other parties by written notice at least ninety days prior to the proposed date of destruction.
Appears in 2 contracts
Samples: Acquisition Agreement (Fairchild Corp), Acquisition Agreement (Fairchild Corp)
Access and Cooperation. (a) During the period from the date of this Agreement until the Closing Date, the Sellers will permit the Buyer and its representatives reasonable access on Table of Contents reasonable notice during normal business hours to the business and operations, properties, personal property, personnel, books and records, contracts and commitments of the Fastener Business, the Fastener Business Assets and the Assumed Fastener Business Liabilities (including the access to customers of the Fastener Business, provided that such access is strictly to facilitate the obtaining of any Government approvals), including the right to make copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Business Intellectual Property Licenses. During such period the Parent will cause its representatives and those of the Fastener Business to consult as reasonably requested by the Buyer on a regular basis with such representatives of the Buyer and to discuss the ongoing operations of the Fastener Business including with respect to environmental matters. The Parent will promptly notify the Buyer of any significant change in the normal course of the Fastener Business and of any complaints, investigations or hearings (or communications indicating that the same may be contemplated) by or of any Government entity, or the institution or threat of any significant litigation, in each case involving the Fastener Business, and will keep the Buyer fully informed of such events and permit the Buyer's ’s representatives access to all material prepared in connection therewith. In the event that any record or other information requested by the Buyer is subject to a confidentiality agreement with a third party, attorney-–client privilege, or other legal restriction or privilege, the Sellers and the Buyer will endeavor to find means of disclosing as much information as practicable that is needed by the Buyer to prepare for the transfer of the Fastener Business, but the Sellers will not be obligated to breach such restriction or privilege. All information given or obtained by the Buyer and its representatives pursuant to this Section 5.3 shall be subject to the terms of the Confidentiality Agreement, dated December 17, 2001, between the Buyer and the Parent (the "“Confidentiality Agreement"”). The Buyer shall return all copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Intellectual Property Licenses and commitments promptly upon the request of any Seller if for any reason the Closing does not occur and this obligation shall survive the termination of this Agreement. The access provided by the Sellers to the Buyer pursuant to this Section 5.3(a) shall include the right of the Buyer to conduct any environmental investigation that the Buyer deems prudent, provided that the Buyer shall not undertake any environmental testing or sampling prior to the Closing Date. Representatives of the Buyer and the Sellers shall meet prior to the performance of any additional environmental inspection to discuss the schedule and scope of such work.
(b) Except for Taxes covered in Section 8.7, for a period of seven years after the Closing, the Buyer and the Sellers shall provide the other with reasonable access during normal business hours, upon reasonable notice, to all Fastener Business Books and Records to the extent they relate to the condition or operation of the Fastener Business Assets, the Transferred Fastener Subsidiaries or the Assumed Fastener Business Liabilities prior to the Closing (including, but not limited to, any accounts receivable that the Sellers retain pursuant to Section 2.10 or that are transferred and assigned to the Parent pursuant to Section 5.20), to respond to Third Party Claims or for any other legitimate purpose specified in writing. Each of the Sellers and the Buyer shall have the right, at its own expense, to make copies of any such books and records. No party hereto shall destroy any books or records to the extent that they relate to the condition or Table of Contents operation of the Fastener Business Assets, the Transferred Fastener Subsidiaries or the Assumed Fastener Business Liabilities prior to the seventh anniversary of the Closing without first offering to turn over possession to the other parties by written notice at least ninety days prior to the proposed date of destruction.
Appears in 1 contract
Samples: Acquisition Agreement (Alcoa Inc)
Access and Cooperation. (a) During the period from From and after the date of this Agreement until the Closing Date, the Sellers will permit the hereof (i) Buyer and its any other authorized agents and appointed representatives of Buyer shall have reasonable access on reasonable notice during normal business hours to all account records and any and all other documentation relating to the business Accounts, including, without limitation, patient records and operationsinformation, propertiesto the extent permitted by law, personal propertyand all other information and documents relating to the Provider’s financial condition and business, personnel(ii) the Provider shall promptly furnish or cause to be furnished to Buyer all information (including turning over originals or copies of such information) requested by Buyer or any of its agents relating to the Assets and Provider’s financial condition and business, books (iii) the Provider shall provide Buyer with all information, account numbers and records, contracts passwords necessary to allow Buyer to view on the Internet all deposits to and commitments withdrawals from each of the Fastener BusinessProvider’s bank accounts, and (iv) the Fastener Business Assets Provider shall provide Buyer with all information, account numbers and passwords necessary to allow Buyer to view on the Assumed Fastener Business Liabilities Internet all accounts the Provider has with Payors. .All costs, fees and expenses incurred by Buyer in conducting any such review or audit (including “Audit Fees”) shall be paid by Provider to Buyer, upon demand. Provider will give to Buyer and its Processors any information necessary to verify the access to customers eligibility and validity of the Fastener Business, provided that such access is strictly Accounts sold to facilitate the obtaining of any Government approvals), including Buyer. Provider hereby grants to Buyer or its Processor the right to make copies of such Fastener Business Books verify the eligibility and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Business Intellectual Property Licenses. During such period the Parent will cause its representatives and those validity of the Fastener Business Accounts sold to consult as reasonably requested by the Buyer on a regular basis with such representatives of the Buyer and by contacting any Payor. Further, Provider will instruct Payors to discuss the ongoing operations of the Fastener Business including with respect provide any assistance to environmental matters. The Parent will promptly notify the Buyer of any significant change in the normal course of the Fastener Business and of any complaints, investigations or hearings (or communications indicating that the same may be contemplated) by or of any Government entity, or the institution or threat of any significant litigation, in each case involving the Fastener Business, and will keep the Buyer fully informed of such events and permit the Buyer's representatives access to all material prepared in connection therewith. In the event that any record or other information requested by the Buyer is subject to a confidentiality agreement with a third party, attorney-client privilege, or other legal restriction or privilege, the Sellers and the Buyer will endeavor to find means of disclosing as much information as practicable that is needed by the Buyer to prepare for the transfer of the Fastener Business, but the Sellers will not be obligated to breach such restriction or privilege. All information given or obtained by the Buyer and its representatives pursuant Processor to conduct this Section 5.3 process. After the Closing Date for each Purchase the Provider shall be subject continue to cooperate fully with Buyer and Buyer's agents in any and all matters related to any Accounts, including, without limitation, matters relating to the terms of the Confidentiality Agreement, dated December 17, 2001, between the Buyer and the Parent (the "Confidentiality Agreement"). The Buyer shall return all copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Intellectual Property Licenses and commitments promptly upon the request collection of any Seller if for any reason the Closing does not occur Account. It is further understood and this obligation shall survive the termination of this Agreement. The access provided by the Sellers to the Buyer pursuant to this Section 5.3(a) shall include the right of the Buyer to conduct any environmental investigation that the Buyer deems prudentagreed that, provided that the Buyer shall not undertake any environmental testing or sampling prior to the Closing Date. Representatives of the Buyer and the Sellers shall meet prior to the performance of any additional environmental inspection to discuss the schedule and scope of such work.
(b) Except for Taxes covered in Section 8.7, for a period of seven years after the Closing, the Buyer and the Sellers shall provide the other with reasonable access during normal business hours, upon reasonable notice, to all Fastener Business Books and Records to the extent they relate to the condition or operation of the Fastener Business Assetspermitted by law, the Transferred Fastener Subsidiaries or the Assumed Fastener Business Liabilities prior to the Closing (including, but not limited to, any accounts receivable that the Sellers retain pursuant to Section 2.10 or that are transferred Buyer and assigned to the Parent pursuant to Section 5.20), to respond to Third Party Claims or for any other legitimate purpose specified in writing. Each of the Sellers and the Buyer its agents shall have the rightright at any time to communicate with and seek the assistance of Payors, at its own expensepatients, to make copies and relatives or guardians of any such books and records. No party hereto shall destroy any books or records to the extent that they relate to the condition or operation patients of the Fastener Business Assets, Provider for the Transferred Fastener Subsidiaries or purpose of facilitating the Assumed Fastener Business Liabilities prior to the seventh anniversary servicing and collection of the Closing without first offering to turn over possession to the other parties by written notice at least ninety days prior to the proposed date of destructionAccounts.
Appears in 1 contract
Samples: Purchase Agreement (Fresh Start Private Management, Inc.)
Access and Cooperation. Due Diligence.
(a) During the period from Between the date of this Agreement until and the Closing Date, after reasonable prior notice, the Sellers COMPANY will permit afford to the Buyer officers and its authorized representatives reasonable of ITP access on reasonable notice during normal business hours to all of the COMPANY's sites, properties, books and records and will furnish ITP with such additional financial and operating data and other information as to the business and operations, properties, personal property, personnel, books and records, contracts and commitments properties of the Fastener BusinessCOMPANY as ITP may from time to time reasonably request. The COMPANY will cooperate with ITP and its representatives, including ITP's auditors and counsel, in the Fastener Business Assets and the Assumed Fastener Business Liabilities (including the access to customers of the Fastener Business, provided that such access is strictly to facilitate the obtaining preparation of any Government approvals), including the right to make copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Business Intellectual Property Licenses. During such period the Parent will cause its representatives and those of the Fastener Business to consult as reasonably requested by the Buyer on a regular basis with such representatives of the Buyer and to discuss the ongoing operations of the Fastener Business including with respect to environmental matters. The Parent will promptly notify the Buyer of any significant change in the normal course of the Fastener Business and of any complaints, investigations documents or hearings (or communications indicating that the same other material which may be contemplated) by or of any Government entity, or the institution or threat of any significant litigation, in each case involving the Fastener Business, and will keep the Buyer fully informed of such events and permit the Buyer's representatives access to all material prepared required in connection therewith. In with the event that any record or other information requested transactions contemplated by the Buyer is subject to a confidentiality agreement with a third party, attorney-client privilege, or other legal restriction or privilege, the Sellers and the Buyer will endeavor to find means of disclosing as much information as practicable that is needed by the Buyer to prepare for the transfer of the Fastener Business, but the Sellers will not be obligated to breach such restriction or privilege. All information given or obtained by the Buyer and its representatives pursuant to this Section 5.3 shall be subject to the terms of the Confidentiality Agreement, dated December 17, 2001, between the Buyer and the Parent (the "Confidentiality Agreement"). The Buyer shall return all copies of such Fastener Business Books and Records, Fastener Business Contracts, Fastener Business Leases and Fastener Intellectual Property Licenses and commitments promptly upon the request of any Seller if for any reason the Closing does not occur and this obligation shall survive the termination of this Agreement. The access provided by ITP, NEWCO, the Sellers to the Buyer pursuant to this Section 5.3(a) shall include the right of the Buyer to conduct any environmental investigation that the Buyer deems prudent, provided that the Buyer shall not undertake any environmental testing or sampling prior to the Closing Date. Representatives of the Buyer NAMED STOCKHOLDERS and the Sellers shall meet prior to COMPANY will treat all information obtained in connection with the negotiation and performance of any additional environmental inspection to discuss this Agreement or the schedule and scope due diligence investigations conducted as confidential in accordance with the provisions of such workSection 14 hereof.
(b) Except for Taxes covered Between the date of this Agreement and the Closing Date, after reasonable prior notice, ITP will afford to the officers and authorized representatives of the COMPANY and the NAMED STOCKHOLDERS access during business hours and after reasonable prior notice to all of ITP's and NEWCO's sites, properties, books and records and will furnish the COMPANY and the NAMED STOCKHOLDERS with such additional financial and operating data and other information as to the business and properties of ITP and NEWCO as the COMPANY may from time to time reasonably request. ITP and NEWCO will cooperate with the COMPANY and the NAMED STOCKHOLDERS, their representatives, auditors and counsel in Section 8.7the preparation of any documents or other material which may be required in connection with the transactions contemplated by this Agreement. ITP, for a period of seven years after the ClosingNEWCO, the Buyer NAMED STOCKHOLDERS and the Sellers shall provide COMPANY will treat all information obtained in connection with the other with reasonable access during normal business hours, upon reasonable notice, to all Fastener Business Books negotiation and Records to the extent they relate to the condition or operation performance of the Fastener Business Assets, the Transferred Fastener Subsidiaries this Agreement or the Assumed Fastener Business Liabilities prior to due diligence investigations conducted as confidential in accordance with the Closing (including, but not limited to, any accounts receivable that the Sellers retain pursuant to provisions of Section 2.10 or that are transferred and assigned to the Parent pursuant to Section 5.20), to respond to Third Party Claims or for any other legitimate purpose specified in writing. Each of the Sellers and the Buyer shall have the right, at its own expense, to make copies of any such books and records. No party hereto shall destroy any books or records to the extent that they relate to the condition or operation of the Fastener Business Assets, the Transferred Fastener Subsidiaries or the Assumed Fastener Business Liabilities prior to the seventh anniversary of the Closing without first offering to turn over possession to the other parties by written notice at least ninety days prior to the proposed date of destruction14 hereof.
Appears in 1 contract
Samples: Merger Agreement (It Partners Inc)