Common use of Post-Closing Retention of Copies Clause in Contracts

Post-Closing Retention of Copies. The Parties agree to retain or cause to be retained all books and records pertinent to the Purchased Assets relating to Tax matters until the expiration of the applicable period for assessment under Applicable Law and, if relating to other than Tax matters, for the period specified under such retaining Party’s document retention policy or, if longer, the longest period specified under Applicable Law. Notwithstanding anything to the contrary contained in this Agreement, MUTUAL may retain and use archival copies of all documents or materials conveyed hereunder to the extent (i) required to remain in the possession of MUTUAL pursuant to Applicable Law or (ii) necessary or appropriate for MUTUAL to perform and discharge all of its respective liabilities or obligations related to the Purchased Assets.