Common use of Access by Buyers Clause in Contracts

Access by Buyers. After the Closing Date, Buyers and their authorized representatives shall have reasonable access (at Buyers’ sole cost and expense) during Sellers’ normal business hours to all books and records of Sellers pertaining to the Properties for periods prior to the Effective Date for the purpose of prosecuting or defending claims, lawsuits or other proceedings, for audit purposes, or to comply with legal process, rules, regulations or orders of any governmental authority. Buyers at their sole expense, may copy such records they deem appropriate. Sellers agree to maintain such books and records for a minimum of seven (7) years after Closing.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Gastar Exploration LTD), Purchase and Sale Agreement (Gastar Exploration LTD), Purchase and Sale Agreement (Gastar Exploration LTD)

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