Common use of Retention of and Access to Books and Records Clause in Contracts

Retention of and Access to Books and Records. After the Closing Date, Buyer shall retain for a period consistent with Buyer’s record-retention policies and practices the books and records relating to the Business. Buyer shall provide the Member and its Representatives reasonable access to the Transferred Books and Records, during normal business hours and on at least three days’ prior written notice, for any reasonable business purpose specified by the Member in such notice, including, but not limited to, verification of Contingent Payment amounts, preparation of SEC filings or response to SEC requests, preparation of financial statements or tax returns, or dealing with tax audits. After the Closing Date, the Member and the Company shall provide Buyer and its Representatives reasonable access to such books and records of the Member relating to the Business, and all Books and Records not included in the Transferred Books and Records, during normal business hours and on at least three days’ prior written notice, for any reasonable business purpose specified by the Buyer in such notice.

Appears in 2 contracts

Samples: Asset Purchase Agreement (DJSP Enterprises, Inc.), Asset Purchase Agreement (Homeland Security Capital CORP)

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Retention of and Access to Books and Records. After the Closing Date, Buyer shall retain for a period consistent with Buyer’s record-retention policies and practices the books and records relating to of the BusinessCompany and its Subsidiaries. Buyer shall provide the Member Seller and its Representatives reasonable access to the Transferred Books and Recordsthereto, during normal business hours and on at least three days’ prior written notice, for any reasonable business purpose specified by the Member Seller in such notice, including, but not limited to, verification of the Final Working Capital, Working Capital adjustments, and Contingent Payment amounts, preparation of SEC filings or response to SEC requests, preparation of financial statements or tax returns, or dealing with tax audits. After the Closing Date, the Member and the Company Seller shall provide Buyer and its Representatives reasonable access to such books and records of the Member Seller relating to the BusinessCompany, and all Books and Records not included in its Subsidiaries or the Transferred Books and Records, Business during normal business hours and on at least three days’ prior written notice, for any reasonable business purpose specified by the Buyer in such notice.

Appears in 2 contracts

Samples: Stock Purchase Agreement (DJSP Enterprises, Inc.), Stock Purchase Agreement (Homeland Security Capital CORP)

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