Common use of Access to Information/Confidentiality/Preservation of Books and Records Clause in Contracts

Access to Information/Confidentiality/Preservation of Books and Records. (a) From the date hereof until the earlier of (i) termination of this Agreement and (ii) the Closing, the Purchasers shall be entitled, through their Representatives (including their legal advisors and accountants), to make such reasonable investigation of the A123 Entities, the Purchased Assets and the Assumed Liabilities and such examination of the Books and Records as they reasonably request and to make extracts and copies of such Books and Records (which shall include making available to the Purchasers, monthly financial statements of the Sellers prepared by Sellers in the ordinary course of Sellers’ business or in connection with the Seller Chapter 11 Cases as soon as reasonably practicable (and in any event within two (2) Business Days) of the preparation thereof). Subject to the following sentence, (i) the Sellers shall cause their Representatives to cooperate with Purchasers and their Representatives in connection with such investigation and examination and (ii) the Sellers shall make reasonably available to the Purchasers the Sellers’ accounting personnel and make the Sellers’ outside accountants reasonably available to the Purchasers in connection with the Purchasers’ preparation of financial statements that Purchasers will be required to file after the Closing Date under applicable Law (including financial statements for the year ended December 31, 2012). Without limiting the foregoing, Sellers shall promptly provide Purchasers with such written information, correspondence, documentation and materials relating to the Purchased Assets or the Assumed Liabilities that is in the possession or control of any Seller as reasonably requested by Purchasers. Any such investigation and examination shall be conducted during regular business hours upon reasonable advance notice in a manner that minimizes disruption to the business, operations and activities of the Sellers and any investigations or examinations conducted by Purchasers shall not shall not affect, reduce or mitigate any of the warranties, representations or covenants of the Sellers contained in this Agreement or any of the damages and costs owing by the Sellers to the Purchasers as a result of any breach of such warranties, representations or covenants. In connection with the Purchasers’ access to the Books and Records, the Purchasers shall be accompanied at all times by a Representative of the Sellers unless the Sellers otherwise agree, shall not materially interfere with the use and operation of the offices and other facilities of the Sellers, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. Sellers shall promptly make available to Purchasers any and all documents (and promptly advise Purchasers of the content of any orally conveyed information) provided during the period from the date hereof through the date of the Sale Order to any prospective purchasers of all or any part of the Purchased Assets not previously provided to Purchasers. Any confidential information provided to the Purchasers shall be deemed Confidential Information under the Confidentiality Agreement and shall be subject to the terms thereof. Notwithstanding anything herein to the contrary, no access to, or examination of, any information or other investigation by the Purchasers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iii) the disclosure of which is prohibited pursuant to applicable Law. (b) From and after the Closing until the fifth anniversary of the Closing Date, Wanxiang agrees to provide the Sellers with reasonable access to Books and Records (and allow the Sellers to make extracts and copies of such Books and Records during such access) in connection with the Seller Chapter 11 Cases or any other proceeding or action relating thereto at the Sellers’ sole cost and expense; provided that Wanxiang will not be required to provide any such access in connection with any Action by or against Wanxiang or any of its Affiliates or any of their respective Representatives. Any such access shall be during regular business hours upon reasonable advance notice and in a manner that minimizes disruption to the business, operations and activities of Wanxiang. In connection with the Sellers’ access to the Books and Records, the Sellers shall be accompanied at all times by a Representative of Wanxiang unless Wanxiang otherwise agrees, shall not materially interfere with the use and operation of the offices and other facilities of Wanxiang, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. (1) No access to, or examination of, any information or other investigation by the Sellers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iii) the disclosure of which is prohibited pursuant to applicable Law or (iv) it includes disclosure of information other than Books and Records as they existed on the Closing Date, and (2) Wanxiang will not be required to preserve or otherwise retain any Books and Records beyond the time period specified in this Section 5.5(b). Nothing in this Section 5.5(b) shall require Wanxiang or any other Person to provide any testimony or evidence. (c) From and after the date hereof until the date that is earlier of (i) the second anniversary of the Closing Date, or (ii) the date on which Sellers have ceased doing business or have sold, liquidated or otherwise disposed of all or substantially all of their assets, Sellers will cooperate with Purchasers, at Purchasers’ expense, in connection with Purchasers’ preparation of financial statements that Purchaser will be required to file after the Closing Date under applicable Law, including by cooperating with Purchasers in any effort by Purchasers in procuring the consent of Sellers’ accounting firm after the Closing Date to the inclusion of the Financial Statements and any interim financial statements in any of Purchasers’ or Purchasers’ Affiliates’ periodic reports, registration statements or private placement memoranda or other filings or documents required under Law; provided, further, that notwithstanding anything to the contrary contained herein, nothing in this Section 5.5 shall be deemed to require the Sellers to delay or otherwise alter the completion of the Seller Chapter 11 Cases. (d) From and after the Closing, Sellers shall keep confidential and not disclose to any party unless required by Law or as may be necessary in connection with the Seller Chapter 11 Cases, including in connection with analyzing, objecting to, or settling any claim asserted therein, any retained information, including Books and Records that the Sellers retain after the Closing pursuant to Section 2.2(a).

Appears in 2 contracts

Samples: Asset Purchase Agreement (A123 Systems, Inc.), Asset Purchase Agreement

AutoNDA by SimpleDocs

Access to Information/Confidentiality/Preservation of Books and Records. (a) From the date hereof until the earlier of (i) termination of this Agreement and (ii) the Closing, the Purchasers shall be entitled, through their Representatives (including their legal advisors and accountants), to make such reasonable investigation of the A123 Spheris Entities, the Purchased Assets and the Assumed Liabilities and such examination of the Books and Records as they reasonably request and to make extracts and copies of such Books and Records (which shall include include, without limitation, making available to the Purchasers, Purchasers monthly financial statements of the Sellers prepared by Sellers in the ordinary course of Sellers’ business or in connection with the Seller Chapter 11 Cases as soon as reasonably practicable (and in any event within two (2) Business Days) of the preparation thereof). Subject to the following sentence, (i) the Sellers shall use their commercially reasonable efforts to cause their Representatives to cooperate with Purchasers and their Representatives in connection with such investigation and examination and examination, (ii) the Sellers shall make reasonably available to the Purchasers the Sellers’ accounting personnel and use commercially reasonable efforts to make the Sellers’ outside accountants reasonably available to the Purchasers in connection with the Purchasers’ preparation of financial statements that Purchasers Purchaser will be required to file after the Closing Date under applicable Law (including financial statements for the year ended December 31, 2012). Without limiting the foregoing, 2009) and (iii) Sellers shall promptly provide use commercially reasonable efforts to cooperate with Purchasers so that the Spheris India Payables are assumed at Closing as contemplated by Sections 2.3(b) and 2.6(f) of this Agreement. Purchasers shall (i) reimburse Sellers for reasonable out-of-pocket costs incurred by Sellers to comply with the preceding sentence and (ii) indemnify Sellers for any loss resulting from Sellers’ compliance with such written information, correspondence, documentation and materials relating to the Purchased Assets or the Assumed Liabilities that is in the possession or control of any Seller as reasonably requested by Purchaserspreceding sentence. Any such investigation and examination shall be conducted during regular business hours upon reasonable advance notice in a manner that minimizes disruption to the business, operations and activities of the Sellers and any investigations or examinations conducted by Purchasers shall not shall not affect, reduce or mitigate any of the warranties, representations or covenants of the Sellers contained in this Agreement or any of the damages and costs owing by the Sellers to the Purchasers as a result of any breach of such warranties, representations or covenantsSellers. In connection with the Purchasers’ access to the Books and Records, the Purchasers shall be accompanied at all times by a Representative of the Sellers unless the Sellers otherwise agree, shall not materially interfere with the use and operation of the offices and other facilities of the Sellers, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. Notwithstanding anything to the contrary contained herein, (x) the Sellers shall promptly make available be entitled to withhold access to, or examination of, any information that they determine (i) includes trade secrets or other proprietary information, (ii) is protected by attorney-client, work-product, or similar privilege or doctrine, (iii) customer names, other information that could identify customers and customer pricing information and/or (iv) the disclosure of which is prohibited pursuant applicable Law and (y) the Sellers shall as soon as reasonably practicable provide Purchasers with access to any and all material documents (and promptly advise Purchasers of the content of any orally conveyed information) provided during the period from the date hereof through the date of the Sale Order to any prospective purchasers of all or any part of the Purchased Assets not previously provided to Purchasers. Any confidential information provided to the Purchasers shall be deemed Confidential Information under the Confidentiality Agreement and shall be subject to the terms thereof. Notwithstanding anything herein to the contrary, no access to, or examination of, any information or other investigation by the Purchasers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iii) the disclosure of which is prohibited pursuant to applicable Law. (b) From and after the Closing until the fifth anniversary of date that is 24 months after the Closing Date, Wanxiang Medquist agrees to provide the Sellers with reasonable access to Books and Records (and allow the Sellers to make extracts and copies of such Books and Records during such access) in connection with the Seller Chapter 11 Cases or any other proceeding or action relating thereto at the Sellers’ sole cost and expense; provided provided, that Wanxiang Medquist will not be required to provide any such access in connection with any Action by or against Wanxiang Medquist or any of its Affiliates or any of their respective Representatives. Any such access shall be during regular business hours upon reasonable advance notice and in a manner that minimizes disruption to the business, operations and activities of Wanxiang. In connection with the Sellers’ access to the Books and Records, the Sellers shall be accompanied at all times by a Representative of Wanxiang unless Wanxiang otherwise agrees, shall not materially interfere with the use and operation of the offices and other facilities of Wanxiang, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities.operations (1) No access to, or examination of, any information or other investigation by the Sellers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iii) the disclosure of which is prohibited pursuant to applicable Law or (iv) it includes disclosure of information other than Books and Records as they existed on the Closing Date, and (2) Wanxiang Medquist will not be required to preserve or otherwise retain any Books and Records beyond the time period specified in this Section 5.5(b5.5(c). Nothing For the avoidance of doubt, nothing in this Section 5.5(b) shall require Wanxiang Medquist or any other Person to provide any testimony or evidence. (c) From and after the date hereof entry of the Sale Order until the date that is earlier of (i) the second anniversary of 24 months after the Closing Date, or (ii) the date on which Sellers have ceased doing business or have sold, liquidated or otherwise disposed of all or substantially all of their assets, Sellers will use commercially reasonable efforts to cooperate with Purchasers, at Purchasers’ expense, Purchasers in connection with Purchasers’ preparation of financial statements that Purchaser will be required to file after the Closing Date under applicable Law, including without limitation by cooperating using its commercially reasonable efforts to cooperate with Purchasers in any effort by Purchasers in procuring the consent of Sellers’ accounting firm after the Closing Date to the inclusion of the Financial Statements and any interim financial statements in any of Purchasers’ or Purchasers’ Affiliates’ periodic reports, registration statements or private placement memoranda or other filings or documents required under Law; provided, however, in no event shall Sellers or any director, officer, employee or Affiliate of any Seller be required to certify as to the completeness or accuracy (or otherwise) of the Financial Statements, any other financial statement or any data or information used in the preparation thereof; and provided, further, that notwithstanding anything to the contrary contained herein, nothing in this Section 5.5 shall be deemed to require the Sellers to delay or otherwise alter the completion of the Seller Chapter 11 Cases. (d) Medquist shall use its commercially reasonable efforts to preserve and retain the Books and Records in place as of the Closing for a period of two (2) years following the Closing Date. (e) From and after the Closing, Sellers shall keep confidential and not disclose to any party unless required by Law or as may be necessary advisable in connection with the Seller Chapter 11 Cases, including in connection with analyzing, objecting to, or settling any claim asserted therein, any retained information, including Books and Records that the Sellers retain after the Closing pursuant to Section 2.2(a2.1(g).

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (CBaySystems Holdings LTD), Stock and Asset Purchase Agreement (Medquist Inc)

Access to Information/Confidentiality/Preservation of Books and Records. (a) From the date hereof until the earlier of (i) termination of this Agreement and (ii) the Closing, the Purchasers shall be entitled, through their Representatives (including their legal advisors and accountants), to make such reasonable investigation of the A123 Spheris Entities, the Purchased Assets and the Assumed Liabilities and such examination of the Books and Records as they reasonably request and to make extracts and copies of such Books and Records (which shall include include, without limitation, making available to the Purchasers, Purchasers monthly financial statements of the Sellers prepared by Sellers in the ordinary course of Sellers’ business or in connection with the Seller Chapter 11 Cases as soon as reasonably practicable (and in any event within two (2) Business Days) of the preparation thereof). Subject to the following sentence, , (i) the Sellers shall use their commercially reasonable efforts to cause their Representatives to cooperate with Purchasers and their Representatives in connection with such investigation and examination and examination, (ii) the Sellers shall make reasonably available to the Purchasers the Sellers’ accounting personnel and use commercially reasonable efforts to make the Sellers’ outside accountants reasonably available to the Purchasers in connection with the Purchasers’ preparation of financial statements that Purchasers Purchaser will be required to file after the Closing Date under applicable Law (including financial statements for the year ended December 31, 2012). Without limiting the foregoing, 2009) and (iii) Sellers shall promptly provide use commercially reasonable efforts to cooperate with Purchasers so that the Spheris India Payables are assumed at Closing as contemplated by Sections 2.3(b) and 2.6(f) of this Agreement. Purchasers shall (i) reimburse Sellers for reasonable out-of-pocket costs incurred by Sellers to comply with the preceding sentence and (ii) indemnify Sellers for any loss resulting from Sellers’ compliance with such written information, correspondence, documentation and materials relating to the Purchased Assets or the Assumed Liabilities that is in the possession or control of any Seller as reasonably requested by Purchaserspreceding sentence. Any such investigation and examination shall be conducted during regular business hours upon reasonable advance notice in a manner that minimizes disruption to the business, operations and activities of the Sellers and any investigations or examinations conducted by Purchasers shall not shall not affect, reduce or mitigate any of the warranties, representations or covenants of the Sellers contained in this Agreement or any of the damages and costs owing by the Sellers to the Purchasers as a result of any breach of such warranties, representations or covenantsSellers. In connection with the Purchasers’ access to the Books and Records, the Purchasers shall be accompanied at all times by a Representative of the Sellers unless the Sellers otherwise agree, shall not materially interfere with the use and operation of the offices and other facilities of the Sellers, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. Notwithstanding anything to the contrary contained herein, (x) the Sellers shall promptly make available be entitled to withhold access to, or examination of, any information that they determine (i) includes trade secrets or other proprietary information, (ii) is protected by attorney-client, work-product, or similar privilege or doctrine, (iii) customer names, other information that could identify customers and customer pricing information and/or (iv) the disclosure of which is prohibited pursuant applicable Law and (y) the Sellers shall as soon as reasonably practicable provide Purchasers with access to any and all material documents (and promptly advise Purchasers of the content of any orally conveyed information) provided during the period from the date hereof through the date of the Sale Order to any prospective purchasers of all or any part of the Purchased Assets not previously provided to Purchasers. Any confidential information provided to the Purchasers shall be deemed Confidential Information under the Confidentiality Agreement and shall be subject to the terms thereof. Notwithstanding anything herein to the contrary, no access to, or examination of, any information or other investigation by the Purchasers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iii) the disclosure of which is prohibited pursuant to applicable Law. (b) From and after the Closing until the fifth anniversary of date that is 24 months after the Closing Date, Wanxiang Medquist agrees to provide the Sellers with reasonable access to Books and Records (and allow the Sellers to make extracts and copies of such Books and Records during such access) in connection with the Seller Chapter 11 Cases or any other proceeding or action relating thereto at the Sellers’ sole cost and expense; provided provided, that Wanxiang Medquist will not be required to provide any such access in connection with any Action by or against Wanxiang Medquist or any of its Affiliates or any of their respective Representatives. Any such access shall be during regular business hours upon reasonable advance notice and in a manner that minimizes disruption to the business, operations and activities of WanxiangMedquist. In connection with the Sellers’ access to the Books and Records, the Sellers shall be accompanied at all times by a Representative of Wanxiang Medquist unless Wanxiang Medquist otherwise agrees, shall not materially interfere with the use and operation of the offices and other facilities of WanxiangMedquist, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. (1) No access to, or examination of, any information or other investigation by the Sellers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iii) the disclosure of which is prohibited pursuant to applicable Law or (iv) it includes disclosure of information other than Books and Records as they existed on the Closing Date, and (2) Wanxiang Medquist will not be required to preserve or otherwise retain any Books and Records beyond the time period specified in this Section 5.5(b5.5(c). Nothing For the avoidance of doubt, nothing in this Section 5.5(b) shall require Wanxiang Medquist or any other Person to provide any testimony or evidence. (c) From and after the date hereof entry of the Sale Order until the date that is earlier of (i) the second anniversary of 24 months after the Closing Date, or (ii) the date on which Sellers have ceased doing business or have sold, liquidated or otherwise disposed of all or substantially all of their assets, Sellers will use commercially reasonable efforts to cooperate with Purchasers, at Purchasers’ expense, Purchasers in connection with Purchasers’ preparation of financial statements that Purchaser will be required to file after the Closing Date under applicable Law, including without limitation by cooperating using its commercially reasonable efforts to cooperate with Purchasers in any effort by Purchasers in procuring the consent of Sellers’ accounting firm after the Closing Date to the inclusion of the Financial Statements and any interim financial statements in any of Purchasers’ or Purchasers’ Affiliates’ periodic reports, registration statements or private placement memoranda or other filings or documents required under Law; provided, however, in no event shall Sellers or any director, officer, employee or Affiliate of any Seller be required to certify as to the completeness or accuracy (or otherwise) of the Financial Statements, any other financial statement or any data or information used in the preparation thereof; and provided, further, that notwithstanding anything to the contrary contained herein, nothing in this Section 5.5 shall be deemed to require the Sellers to delay or otherwise alter the completion of the Seller Chapter 11 Cases. (d) Medquist shall use its commercially reasonable efforts to preserve and retain the Books and Records in place as of the Closing for a period of two (2) years following the Closing Date. (e) From and after the Closing, Sellers shall keep confidential and not disclose to any party unless required by Law or as may be necessary advisable in connection with the Seller Chapter 11 Cases, including in connection with analyzing, objecting to, or settling any claim asserted therein, any retained information, including Books and Records that the Sellers retain after the Closing pursuant to Section 2.2(a2.1(h).

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Medquist Inc)

AutoNDA by SimpleDocs

Access to Information/Confidentiality/Preservation of Books and Records. (a) From the date hereof until the earlier of (i) termination of this Agreement and (ii) the Closing, the Purchasers Purchaser shall be entitled, through their its Representatives (including their its legal advisors and accountants), to make such reasonable investigation of the A123 Entities, the Purchased Assets and the Assumed Liabilities and such examination of the Books and Records as they reasonably request (consistent with there being no further due diligence conditions to the Purchaser’s obligations to consummate the Transactions) and to make extracts and copies of such Books and Records (which shall include making available to the Purchasers, monthly financial statements of the Sellers prepared by Sellers in the ordinary course of Sellers’ business or in connection with the Seller Chapter 11 Cases as soon as reasonably practicable (and in any event within two (2) Business Days) of the preparation thereof)Records. Subject to the following sentence, (iA) the Sellers shall cause their Representatives to cooperate with Purchasers the Purchaser and their its Representatives in connection with such investigation and examination and (iiB) the Sellers shall make reasonably available to the Purchasers Purchaser the Sellers’ accounting personnel (to the extent then employed by Sellers) and make the Sellers’ outside accountants reasonably available to the Purchasers Purchaser, at the Purchaser’s expense, in connection with the Purchasers’ Purchaser’s preparation of financial statements that Purchasers the Purchaser will be required to file after the Closing Date under applicable Law (including financial statements for the year ended December 31, 2012). Without limiting the foregoing, Sellers shall promptly provide Purchasers the Purchaser with such written information, correspondence, documentation and materials relating to the Purchased Assets or the Assumed Liabilities that is in the possession or control of any Seller as reasonably requested by Purchasersthe Purchaser. Any such investigation and examination shall be conducted during regular business hours upon reasonable advance notice in a manner that minimizes disruption to the business, operations and activities of the Sellers and any the Foreign Subsidiaries; provided that such investigations or and examinations conducted by Purchasers the Purchaser or its Representatives shall not shall not affectbe deemed to update, reduce or mitigate any modify and qualify all representations and warranties of the warranties, representations or covenants of the Sellers contained in this Agreement or any of the damages and costs owing by the Sellers to the Purchasers as a result of any breach of such warranties, representations or covenantsAncillary Agreement. In connection with the Purchasers’ Purchaser’s access to the Books and Records, the Purchasers Purchaser shall be accompanied at all times by a Representative of the Sellers unless the Sellers otherwise agree, shall not materially interfere with the use and operation of the offices and other facilities of the SellersSellers and the Foreign Subsidiaries, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. Sellers shall promptly make available to Purchasers any and all documents (and promptly advise Purchasers of the content of any orally conveyed information) provided during the period from the date hereof through the date of the Sale Order to any prospective purchasers of all or any part of the Purchased Assets not previously provided to Purchasers. Any confidential information provided to the Purchasers Purchaser shall be deemed Confidential Information “Evaluation Material” under the Confidentiality Agreement and shall be subject to the terms thereof. Notwithstanding anything herein to the contrary, no access to, or examination of, any information or other investigation by the Purchasers Purchaser shall be permitted to the extent that (ix) it includes trade secrets or other proprietary information, (iiy) it is protected by attorney-client, work-product, or similar privilege or doctrine or (iiiz) the disclosure of which is prohibited pursuant to applicable Law. (b) From and after the Closing until the fifth seventh anniversary of the Closing Date, Wanxiang the Purchaser agrees to provide the Sellers and their successors (including any reorganized Sellers pursuant to a confirmed plan of reorganization, any trusts, liquidating trustees, litigation trustees, plan administrators or other representatives of Sellers’ estates) and their respective Representatives with reasonable access to Books and Records (and allow the Sellers to make extracts and copies of such Books and Records during such access) in connection with the Seller Chapter 11 Cases or any other proceeding or action relating thereto at the Sellers’ sole cost and expense; provided that Wanxiang will not be required to provide any such access in connection with any Action by or against Wanxiang or any of its Affiliates or any of their respective Representatives. Any such access shall be during regular business hours upon reasonable advance notice and in a manner that minimizes disruption to the business, operations and activities of Wanxiangthe Purchaser. In connection with the Sellers’ access to the Books and Records, the Sellers shall be accompanied at all times by a Representative of Wanxiang the Purchaser unless Wanxiang the Purchaser otherwise agrees, shall not materially interfere with the use and operation of the offices and other facilities of Wanxiangthe Purchaser, and shall comply with all reasonable safety and security rules and regulations for such offices and other facilities. (1) No access to, or examination of, any information or other investigation by the Sellers shall be permitted to the extent that (i) it includes trade secrets or other proprietary information, (ii) it is protected by attorney-client, work-product, or similar privilege or doctrine or doctrine, (iii) the disclosure of which is prohibited pursuant to applicable Law or (iv) it includes disclosure of information other than Books and Records as they existed on the Closing Date, and (2) Wanxiang the Purchaser will not be required to preserve or otherwise retain any Books and Records beyond the time period specified in this Section 5.5(b5.2(b). Nothing in this Section 5.5(b5.2(b) shall require Wanxiang the Purchaser or any other Person to provide any testimony or evidence. (c) From and after the date hereof until the date that is earlier of (i) the second anniversary of the Closing Date, or (ii) the date on which Sellers have ceased doing business or have sold, liquidated or otherwise disposed of all or substantially all of their assets, Sellers will cooperate with Purchasers, at Purchasers’ expense, in connection with Purchasers’ preparation of financial statements that Purchaser will be required to file after the Closing Date under applicable Law, including by cooperating with Purchasers in any effort by Purchasers in procuring the consent of Sellers’ accounting firm after the Closing Date to the inclusion of the Financial Statements and any interim financial statements in any of Purchasers’ or Purchasers’ Affiliates’ periodic reports, registration statements or private placement memoranda or other filings or documents required under Law; provided, further, that notwithstanding anything to the contrary contained herein, nothing in this Section 5.5 shall be deemed to require the Sellers to delay or otherwise alter the completion of the Seller Chapter 11 Cases. (d) From and after the Closing, Sellers shall keep confidential and not disclose to any party unless required by Law or as may be necessary in connection with the Seller Chapter 11 Cases, including in connection with analyzing, objecting to, or settling any claim asserted therein, any retained information, including Books and Records that the Sellers retain after the Closing pursuant to Section 2.2(a).

Appears in 1 contract

Samples: Asset Purchase Agreement (A123 Systems, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!