Common use of Post-Closing Access; Preservation of Records Clause in Contracts

Post-Closing Access; Preservation of Records. From and after the Closing and to the extent consistent with all applicable Laws, Monocle will make or cause to be made available to the Holder Representative all books, records and documents of the Company and each of its Subsidiaries (and the assistance of employees responsible for such books, records and documents) during regular business hours as may be reasonably necessary solely for (a) investigating, settling, preparing for the defense or prosecution of, defending or prosecuting any Action involving stockholders of the Company (other than any Action against Monocle or any of its Affiliates, including the Company and its Subsidiaries, that relates to the subject matter hereof), or (b) preparing and delivering any accounting or other statement provided for under this Agreement; provided, however, that access to such books, records, documents and employees shall be conducted in a manner reasonably calculated to minimize disruptions with the normal operation of the Company and its Subsidiaries and the reasonable out-of-pocket expenses of the Company and its Subsidiaries incurred in connection therewith will be paid by the Holder Representative. Monocle will cause the Company and each of its Subsidiaries to maintain and preserve all such books, records and other documents for any applicable statutory or regulatory retention period, as the same may be extended and, in each case, shall offer to transfer such records to the Holder Representative at the end of any such period.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Monocle Acquisition Corp), Merger Agreement (Monocle Acquisition Corp)

AutoNDA by SimpleDocs

Post-Closing Access; Preservation of Records. From and after the Closing and to the extent consistent with all applicable Laws, Monocle Acquiror will make or cause to be made available to the Holder Representative all books, records and documents of the Company and each of its the Company Subsidiaries (and the assistance of employees responsible for such books, records and documents) during regular business hours as may be reasonably necessary solely for (ai) investigating, settling, preparing for the defense or prosecution of, defending or prosecuting any Action involving stockholders of the Company (other than any Action Action, suit or proceeding against Monocle Acquiror or any of its Affiliates, including the Company and its the Company Subsidiaries, that relates does not relate to any matter indemnifiable by any of the subject matter hereofHolders pursuant to Article XII for which the Holder Representative is entitled to control the defense thereof), (ii) preparing reports to stockholders and Governmental Authorities or (biii) such other purposes for which access to such documents is believed by the Holder Representative to be reasonably necessary, including preparing and delivering any accounting or other statement provided for under this AgreementAgreement or otherwise; provided, however, that access to such books, records, documents and employees shall be conducted in a manner reasonably calculated to minimize disruptions will not materially interfere with the normal operation operations of the Company and its the Company Subsidiaries and the reasonable out-of-pocket expenses of the Company and its the Company Subsidiaries incurred in connection therewith will be paid by the Holder RepresentativeRepresentative out of the Holder Allocable Expenses. Monocle Acquiror will cause the Company and each of its the Company Subsidiaries to maintain and preserve all such books, records and other documents for any applicable statutory or regulatory retention period, as the same may be extended and, in each case, shall offer to transfer such records to the Holder Representative at the end of any such period.

Appears in 1 contract

Samples: Merger Agreement (Sonoco Products Co)

Post-Closing Access; Preservation of Records. From and after the Closing and to the extent consistent with all applicable LawsClosing, Monocle Parent will make or cause to be made available to the Holder Representative and its agents, representatives and advisors all books, records and documents of the Company and each of its Subsidiaries (and the reasonable assistance of employees responsible for such books, records and documents) during regular business hours as may be reasonably necessary solely for (a) investigating, settling, preparing for the defense or prosecution of, of or defending or prosecuting any Action involving stockholders of the Company (other than any Action against Monocle or any of its AffiliatesAction, including the Company and its Subsidiaries, that relates to the subject matter hereof), or (b) preparing reports to equityholders and Governmental Authorities or (c) insurance, Tax or accounting matters, including preparing and delivering any accounting or other statement provided for under this AgreementAgreement or otherwise; provided, however, that access to such books, records, documents and employees shall be conducted in a manner reasonably calculated to minimize disruptions will not unreasonably interfere with the normal operation operations of the Company Surviving Corporation and its Subsidiaries or violate applicable Law and the reasonable out-of-pocket expenses of the Company Surviving Corporation and its Subsidiaries incurred in connection therewith will be paid by the Holder Representative. Monocle Parent will cause the Company Surviving Corporation and each of its Subsidiaries to maintain and preserve all such books, records and other documents for the greater of (i) five (5) years after the Closing Date or (ii) any applicable statutory or regulatory retention period, as the same may be extended and, in each case, shall offer to transfer such records to the Holder Representative at the end of any such periodextended.

Appears in 1 contract

Samples: Merger Agreement (Science Applications International Corp)

Post-Closing Access; Preservation of Records. From and after the Closing and to the extent consistent with all applicable LawsClosing, Monocle Buyer will make or cause to be made available to the Holder Representative Seller all books, records records, Tax Returns and documents of the Company and each of its Subsidiaries Group (and the assistance of employees responsible for such books, records and documents) during regular business hours as may be reasonably necessary solely for (a) investigating, settling, preparing for the defense or prosecution of, of or defending or prosecuting any Action involving stockholders of the Company (other than any Action against Monocle or any of its AffiliatesAction, including the Company and its Subsidiaries, that relates to the subject matter hereof), or (b) preparing reports to stockholders and Governmental Authorities or (c) such other purposes for which access to such documents is believed by Seller to be reasonably necessary, including preparing and delivering any accounting or other statement provided for under this AgreementAgreement or otherwise, preparing Tax Returns or responding to or disputing any Tax audit; provided, however, that access to such books, records, documents and employees shall be conducted in a manner reasonably calculated to minimize disruptions will not interfere with the normal operation operations of the Company and its Subsidiaries Group and the reasonable out-of-pocket expenses of the Company and its Subsidiaries Group incurred in connection therewith will be paid by the Holder RepresentativeSeller. Monocle Buyer will cause the Company and each of its Subsidiaries Group to maintain and preserve all such Tax Returns, books, records and other documents for the greater of (i) seven (7) years after the Closing Date or (ii) any applicable statutory or regulatory retention period, as the same may be extended and, in each case, shall offer to transfer such records to the Holder Representative Seller at the end of any such period.

Appears in 1 contract

Samples: Purchase Agreement (G Iii Apparel Group LTD /De/)

AutoNDA by SimpleDocs

Post-Closing Access; Preservation of Records. From and after the Closing and to the extent consistent with all applicable LawsClosing, Monocle Parent will make or cause to be made available to the Holder Representative and its agents, representatives and advisors all books, records and documents of the Company and each of its Subsidiaries (and the reasonable assistance of employees responsible for such books, records and documents) during regular business hours as may be reasonably necessary solely for (a) investigating, settling, preparing for the defense or prosecution of, of or defending or prosecuting any Action involving stockholders of the Company (other than any Action against Monocle or any of its AffiliatesAction, including the Company and its Subsidiaries, that relates to the subject matter hereof), or (b) preparing reports to equityholders and Governmental Authorities or (c) insurance, Tax or accounting matters, including preparing and delivering any accounting or other statement provided for under this AgreementAgreement or otherwise; provided, however, that access to such books, records, documents and employees shall be conducted in a manner reasonably calculated to minimize disruptions will not unreasonably interfere with the normal operation operations of the Company Surviving Corporation and its Subsidiaries or violate applicable Law and Contract and the reasonable out-of-pocket expenses of the Company Surviving Corporation and its Subsidiaries incurred in connection therewith will be paid by the Holder Representative. Monocle Parent will cause the Company Surviving Corporation and each of its Subsidiaries to maintain and preserve all such books, records and other documents for the greater of (i) five (5) years after the Closing Date or (ii) any applicable statutory or regulatory retention period, as the same may be extended and, in each case, shall offer to transfer such records to the Holder Representative at the end of any such periodextended.

Appears in 1 contract

Samples: Merger Agreement (Patterson Companies, Inc.)

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