Common use of RECORD PRESERVATION Clause in Contracts

RECORD PRESERVATION. Buyer shall preserve and keep a copy of all Records in Buyer’s possession for a period of at least seven (7) years after the Closing Date. After such seven (7) years year period, before Buyer shall dispose of any such Records, Buyer shall give Sellers at least sixty (60) days’ Notice to such effect, and Sellers shall be given an opportunity during such period, at its cost and expense, to remove and retain all or any part of such Records as Sellers may select. Buyer shall provide to Sellers, at no cost or expense to Sellers, full access to such Records as remain in Buyer’s possession and full access to the properties and employees of Buyer in connection with matters relating to the business or operations of the Company Assets on or before the Closing Date and any disputes relating to this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Sanchez Production Partners LP), Purchase and Sale Agreement

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RECORD PRESERVATION. Buyer shall preserve and keep a copy of all Company Records in Buyer’s possession for a period of at least seven (7) years after the Closing Date. After such seven (7) years year period, before Buyer shall dispose of any such Company Records, Buyer shall give Sellers Seller at least sixty (60) days’ Notice to such effect, and Sellers Seller shall be given an opportunity during such period, at its cost and expense, to remove and retain all or any part of such Company Records as Sellers Seller may select. Buyer shall provide to SellersSeller, at no cost or expense to SellersSeller, full access to such Company Records as remain in Buyer’s possession and full access to the properties and employees of Buyer and the Companies in connection with matters relating to the business or operations of the Company Assets Companies on or before the Closing Date and any disputes relating to this Agreement.

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement (Constellation Energy Partners LLC)

RECORD PRESERVATION. Buyer shall preserve and keep a copy of all Records in Buyer’s possession for a period of at least seven five (75) years after the Closing Date. After such seven (7) years year period, before Buyer shall dispose of any such Records, Buyer shall give Sellers at least sixty (60) days’ Notice to such effect, and Sellers shall be given an opportunity during such period, at its cost and expense, to remove and retain all or any part of such Records as Sellers may select. Buyer shall provide to SellersSeller, at no cost or expense to SellersSeller, full access to such Records as remain in Buyer’s possession and full access to the properties and employees of Buyer and the Company in connection with matters relating to the business or operations of the Company Assets on or before the Closing Date and any disputes relating to this Agreement, all during normal business hours, after reasonable advance written notice and in a way that is not disruptive to Buyer, its business or operations.

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement (Sanchez Midstream Partners LP)

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RECORD PRESERVATION. Buyer shall preserve and keep a copy of all Records in Buyer’s possession for a period of at least seven (7) years after the Closing Date. After such seven (7) years year period, before Buyer shall dispose of any such Records, Buyer shall give Sellers Seller at least sixty (60) days’ Notice to such effect, and Sellers Seller shall be given an opportunity during such period, at its cost and expense, to remove and retain all or any part of such Records as Sellers Seller may select. Buyer shall provide to SellersSeller, at no cost or expense to SellersSeller, full access to such Records as remain in Buyer’s possession and full access to the properties and employees of Buyer in connection with matters relating to the business or operations of the Company Assets on or before the Closing Date and any disputes relating to this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sanchez Midstream Partners LP)

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