Common use of Books, Records, Etc Clause in Contracts

Books, Records, Etc. For a period of five (5) years from and after the Closing Date, Buyer and Seller each shall retain, and shall, at the request of the other or the other's representatives, make available to the other, all of the original books and records of the Seller existing on the Closing Date, possession of which such party is entitled to under this Agreement, at a location in the Southern California area specified in a written notice to the other delivered within 10 days after the Closing Date (or at any other location in the United States to which Buyer or Seller, as the case may be, has removed such books and records after notice to the other party), for the inspection and copying thereof (which inspection and copying to be at the sole cost and expense of the inspecting party).