Common use of Seller’s Access to Documents Clause in Contracts

Seller’s Access to Documents. Purchaser shall, and shall cause its Subsidiaries to, afford to Seller’s representatives, upon reasonable notice and without undue interruption to Purchaser’s business, access during normal business hours to the books and records of Purchaser pertaining to the operations of the Business prior to the Closing Date for a period of eight years following the Closing Date in connection with financial statements and U.S. Securities and Exchange Commission reporting obligations, Excluded Liabilities, Excluded Assets and other reasonable business purposes; provided that nothing herein shall limit Seller’s rights of discovery. Purchaser agrees to hold all of the books and records of the Business (other than records relating to Taxes, which shall be governed by Section 14.5) existing on the Closing Date or included in the Purchased Assets in accordance with Purchaser’s standard record retention policies; provided that Purchaser shall not destroy, alter or dispose of any of such books and records for a period of eight years from the Closing Date or such longer time as may be required by Law without first offering in writing at least 90 calendar days prior to such destruction or disposition to surrender them to Seller.

Appears in 3 contracts

Samples: Equity and Asset Purchase Agreement (Meadwestvaco Corp), Equity and Asset Purchase Agreement (NewPage Holding CORP), Equity and Asset Purchase Agreement (NewPage Energy Services LLC)

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Seller’s Access to Documents. Purchaser shall, ---------------------------- and shall cause its Subsidiaries Affiliates to, afford to Seller’s 's representatives, upon reasonable notice and without undue interruption to Purchaser’s 's or Xxxxxxx SE's business, access during normal business hours to the books and records of Purchaser the Business pertaining to the operations of the Business prior to the Closing Date and for a period of eight five years (or such longer period as may be necessary to enable Seller to comply with provisions of applicable Law) following the Closing Date in connection with financial statements and U.S. Securities and Exchange Commission reporting obligations, Excluded Liabilities, Excluded Assets obligations (including as to audited statements) and other reasonable business purposes; , provided that nothing herein shall limit Seller’s 's rights of discovery. Purchaser agrees to hold all of the books and records of the Business (other than records relating to Taxes, which shall be governed by Section 14.5) existing on the Closing Date or included in the Purchased Assets in accordance with Purchaser’s 's standard record retention policies; policies provided that Purchaser shall not destroy, alter or dispose of any of such books and records for a period of eight ten years from the Closing Date or such longer time as may be required by Law without first offering in writing at least 90 60 calendar days prior to such destruction or disposition to surrender them to Seller.

Appears in 1 contract

Samples: Acquisition Agreement (FutureFuel Corp.)

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Seller’s Access to Documents. Purchaser ---------------------------- shall, and shall cause its Subsidiaries to, afford to Seller’s representatives's Representatives, upon reasonable notice and without undue interruption to Purchaser’s 's business, access during normal business hours to the books and records of Purchaser the Business pertaining to the operations of the Business prior to the Closing Date for a period of eight five years (or such longer period as may necessary to enable Seller to comply with provisions of applicable Law) following the Closing Date in connection with financial statements and U.S. Securities and Exchange Commission reporting obligations, Excluded Liabilities, Excluded Assets and other reasonable business purposes; purposes provided that nothing herein shall limit Seller’s 's rights of discovery. Purchaser agrees to hold all of the books and records of the Business (other than records relating to Taxes, which shall be governed by Section 14.5) existing on the Closing Date or included in the Purchased Assets in accordance with Purchaser’s 's standard record retention policies; policies provided that Purchaser shall not destroy, alter or dispose of any of such books and records for a period of eight ten years from the Closing Date or such longer time as may be required by Law without first offering in writing at least 90 60 calendar days prior to such destruction or disposition to surrender them to Seller.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Solutia Inc)

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