Common use of Provision of Information; Access Clause in Contracts

Provision of Information; Access. From and after the date hereof, each party shall provide the other party and its representatives access, during normal business hours and at such other time or times as Canetic and Penn West may reasonably request, to its premises (including field offices and sites), books, contracts, records, computer systems, properties, employees and management personnel and shall furnish promptly to Canetic or Penn West, as the case may be, all information concerning its business, properties and personnel as Canetic or Penn West may reasonably request, which information shall remain subject to the Confidentiality Agreement, in order to permit Canetic and Penn West to be in a position to expeditiously and efficiently integrate the business and operations of each of Canetic and Penn West immediately upon but not prior to the Effective Date. Without limitation, representatives of each party will be permitted to attend the other's weekly operations meetings. Each party agrees to keep the other fully appraised in a timely manner of every circumstance, action, occurrence or event occurring or arising after the date hereof that would be relevant and material to a prudent operator of the business and operations of Canetic and Penn West. Each party shall confer with and obtain the other's approval (not to be unreasonably withheld or delayed), prior to taking action (other than in emergency situations) with respect to any material operational matters involved in its business.

Appears in 2 contracts

Samples: Business Combination Agreement (Penn West Energy Trust), Proposed Business Combination Agreement (Canetic Resources Trust)

AutoNDA by SimpleDocs

Provision of Information; Access. From and after the date hereof, each party Party shall provide the other party Other Party and its representatives access, during normal business hours and at such other time or times as Canetic and Penn West may reasonably request, to its premises (including field offices and sites), books, contracts, records, computer systems, properties, employees and management personnel and shall furnish promptly to Canetic or Penn West, as the case may be, all information concerning its business, properties and personnel as Canetic or Penn West may reasonably request, which information shall remain subject to the Confidentiality AgreementAgreements, in order to permit Canetic and Penn West to be in a position to expeditiously and efficiently integrate the business and operations of each of Canetic and Penn West immediately upon but not prior to the Effective Date. Without limitation, representatives of each party Party will be permitted to attend the other's Other Party’s weekly operations meetings. Each party Party agrees to keep the other Other Party fully appraised in a timely manner of every circumstance, action, occurrence or event occurring or arising after the date hereof that would be relevant and material to a prudent operator of the business and operations of Canetic and Penn West. Each party Party shall confer with and obtain the other's Other Party’s approval (not to be unreasonably withheld or delayed), prior to taking action (other than in emergency situations) with respect to any material operational matters involved in its business.

Appears in 1 contract

Samples: Arrangement Agreement (Penn West Energy Trust)

Provision of Information; Access. From and after the date hereof, each party shall provide the other party and its representatives access, during normal business hours and at such other time or times as Canetic Teslin and Penn West Siyata may reasonably request, to its premises (including field offices and sites), books, contracts, records, computer systems, properties, employees and management personnel and shall furnish promptly to Canetic Teslin or Penn WestSiyata, as the case may be, all information concerning its business, properties and personnel as Canetic Teslin or Penn West Siyata may reasonably request, which information shall remain subject to the Confidentiality Agreement, in order to permit Canetic Teslin and Penn West Siyata to be in a position to expeditiously and efficiently integrate the business and operations of each of Canetic Teslin and Penn West Xxxxxx immediately upon but not prior to the Effective Date. Without limitation, representatives of each party will be permitted to attend the other's other party’s weekly operations meetings, if any. Each party agrees to keep the other party fully appraised in a timely manner of every circumstance, action, occurrence or event occurring or arising after the date hereof that would be relevant and material to a prudent operator of the business and operations of Canetic Teslin and Penn WestSiyata. Each party shall confer with and obtain the other's other party’s approval (not to be unreasonably withheld or delayed), prior to taking action (other than in emergency situations) with respect to any material operational matters involved in its business.

Appears in 1 contract

Samples: Amalgamation Agreement

AutoNDA by SimpleDocs

Provision of Information; Access. From and after the date hereof, each party shall provide the other party and its representatives access, during normal business hours and at such other time or times as Canetic Teslin and Penn West Truckfone may reasonably request, to its premises (including field offices and sites), books, contracts, records, computer systems, properties, employees and management personnel and shall furnish promptly to Canetic Teslin or Penn WestTruckfone, as the case may be, all information concerning its business, properties and personnel as Canetic Teslin or Penn West Truckfone may reasonably request, which information shall remain subject to the Confidentiality Agreement, in order to permit Canetic Teslin and Penn West Truckfone to be in a position to expeditiously and efficiently integrate the business and operations of each of Canetic Teslin and Penn West Truckfone immediately upon but not prior to the Effective Date. Without limitation, representatives of each party will be permitted to attend the other's other party’s weekly operations meetings, if any. Each party agrees to keep the other party fully appraised in a timely manner of every circumstance, action, occurrence or event occurring or arising after the date hereof that would be relevant and material to a prudent operator of the business and operations of Canetic Teslin and Penn WestTruckfone. Each party shall confer with and obtain the other's other party’s approval (not to be unreasonably withheld or delayed), prior to taking action (other than in emergency situations) with respect to any material operational matters involved in its business.

Appears in 1 contract

Samples: Amalgamation Agreement

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