Common use of Records and Data Processing Clause in Contracts

Records and Data Processing. (a) On and after the Effective Date, Buyer shall become responsible for maintaining the files, documents and records referred to in this Agreement. Buyer will preserve and safekeep them as required by applicable law and sound banking practices for the joint benefit of Seller and Buyer. After the Effective Date, Buyer will permit Seller and its representatives, for reasonable cause, at reasonable times and upon reasonable notice and at Seller’s expense, to examine, inspect, copy and reproduce any such files, documents or records as Seller deems reasonably necessary. (b) On or after the Effective Date, Seller will permit Buyer and its representatives, for reasonable cause, at reasonable times and upon reasonable notice and at Buyer’s expense, to examine, inspect, copy and reproduce files, documents or record retained by Seller regarding the assets and liabilities transferred under this agreement as Buyer deems reasonably necessary.

Records and Data Processing. (a) On and after the Effective Date, Buyer Purchaser shall become responsible for maintaining the files, documents and records referred to in this Agreement. Buyer Purchaser will preserve and safekeep them as required by applicable law and sound banking practices practice for the joint benefit of Seller and BuyerPurchaser. After the Effective Date, Buyer Purchaser will permit Seller and its representatives, for reasonable cause, at reasonable times and upon reasonable notice and at Seller’s 's expense, to examine, inspect, copy and reproduce any such files, documents or records as Seller deems reasonably necessary. (b) On or and after the Effective Date, Seller will permit Buyer Purchaser and its representatives, for reasonable cause, at reasonable times and upon reasonable notice and at Buyer’s Purchaser's expense, to examine, inspect, copy and reproduce files, documents or record records retained by Seller regarding the assets and liabilities transferred under this agreement Agreement as Buyer Purchaser deems reasonably necessary.