Common use of Preservation of Books and Records Clause in Contracts

Preservation of Books and Records. For a period of five (5) years after the Closing Date, the Buyer will, using procedures consistent with its current record retention procedures, preserve and retain all books and records that relate to the Properties including, but not limited to, any documents relating to any governmental or nongovernmental actions, suits, proceedings or investigations arising out of the operation of the Properties prior to the Closing Date. The Buyer agrees to make such books and records available to the Sellers and their agents upon reasonable notice and at reasonable times.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Gastar Exploration USA, Inc.)

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Preservation of Books and Records. For a period of five (5) years after the Closing Date, the Buyer will, using procedures consistent with its their current record retention procedures, preserve and retain all books and records Records that relate to the Properties including, but not limited to, any documents relating to any governmental Governmental Authority or nongovernmental actions, suits, proceedings or investigations arising out of the operation of the Properties prior to the Closing Date. The Buyer agrees to make such books and records available to the Sellers Seller and their its agents upon reasonable notice and at reasonable times.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

Preservation of Books and Records. For In order to facilitate the resolution of any claims made against or incurred by the Seller prior to the Closing, for a period of five six (56) years after the Closing DateClosing, the Buyer will, using procedures consistent with its current record retention procedures, preserve Purchaser shall retain the Assigned Books and retain all books and records that relate to the Properties including, but not limited to, any documents Records (including personnel files) relating to any governmental or nongovernmental actions, suits, proceedings or investigations arising out of the operation of the Properties periods prior to the Closing Date. The Buyer agrees to make such books in a manner reasonably consistent with the prior practices of the Business; and records available to the Sellers and their agents upon reasonable notice notice, afford the Seller reasonable access (including the right to make, at the Seller’s expense, photocopies), during normal business hours, to such Books and at reasonable timesRecords.

Appears in 1 contract

Samples: Asset Purchase Agreement (Global Partners Lp)

Preservation of Books and Records. For a period of five (5) years after the Closing Date, the Buyer will, using procedures consistent with its their current record retention procedures, preserve and retain all books and records that relate to the Properties including, but not limited to, any documents relating to any governmental or nongovernmental actions, suits, proceedings or investigations arising out of the operation of the Properties prior to the Closing Date. The Buyer agrees to make such books and records available to the Sellers and their agents upon reasonable notice and at reasonable times.

Appears in 1 contract

Samples: Asset Sale Agreement (American Oil & Gas Inc)

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Preservation of Books and Records. For a period of five (5) years after the Closing Date, the Buyer will, using procedures consistent with its their current record retention procedures, preserve and retain all books and records Records that relate to the Properties including, but not limited to, any documents relating to any governmental Governmental Authority or nongovernmental actions, suits, proceedings or investigations arising out of the operation of the Properties prior to the Closing Date. The Buyer agrees to make such books and records available to the Sellers and their its agents upon reasonable notice and at reasonable times.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

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