Common use of Post-Closing Audit Clause in Contracts

Post-Closing Audit. Seller acknowledges and agrees to assist Purchaser in conducting, no later than seventy-four (74) days following the Closing Date, an audit of property-level financials for the MOB Property as specified by Rule 3-14 of Regulation S-X of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, provided such audit shall be at the sole cost and expense of Purchaser. In connection therewith, Seller agrees to obtain and provide to the auditors, at no cost to Seller, any and all data and financial information, except for information constituting Excluded Assets, in the possession of Seller that are necessary or required by the auditors in connection with their preparation and conducting of the foregoing audit. The rights and obligations of Purchaser and Seller under this Section 12.22 shall survive Closing.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (CNL Healthcare Properties, Inc.), Purchase and Sale Agreement (CNL Healthcare Properties, Inc.), Purchase and Sale Agreement (CNL Healthcare Properties, Inc.)

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Post-Closing Audit. Seller acknowledges Sellers acknowledge and agrees agree to assist the Purchaser in conducting, no later than seventy-four (74) days following the Closing Date, an audit of property-level financials for the MOB each Property as specified by Rule 3-14 05 of Regulation S-X of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, provided such audit shall be at the sole cost and expense of Purchaser. In connection therewith, Seller agrees Sellers agree to obtain and provide to the auditors, at no cost to SellerSellers, any and all data and financial information, except for information constituting Excluded Assets, in the possession of Seller Sellers that are necessary or required by the auditors in connection with their preparation and conducting of the foregoing audit. The rights and obligations of Purchaser and Seller Sellers under this Section 12.22 7.8 shall survive Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Healthcare Properties, Inc.)

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Post-Closing Audit. Seller acknowledges and agrees to assist the Purchaser in conducting, no later than seventy-four (74) days following the Closing Date, an audit of property-level financials for the MOB Property as specified by Rule 3-14 05 of Regulation S-X of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, provided such audit shall be at the sole cost and expense of Purchaser. In connection therewith, Seller agrees to obtain and provide to the auditors, at no cost to Seller, any and all data and financial information, except for information constituting Excluded Assets, in the possession of Seller that are necessary or required by the auditors in connection with their preparation and conducting of the foregoing audit. The rights and obligations of Purchaser and Seller under this Section 12.22 7.8 shall survive Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Healthcare Properties, Inc.)

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