Examples of Retained Business Records in a sentence
Purchaser's access to Retained Business Records is subject to the confidentiality obligations of Purchaser under Section 9.2 hereof.
After the Closing, Seller, to the extent not prohibited by law or restricted by applicable ethical rules, shall make available to Purchaser any business records related to the Purchased Assets prior to the Closing which are not transferred to Purchaser at the Closing (the "Retained Business Records") for inspection and copying to the extent Purchaser requires access to such records for reasonable business necessity.
Nothing contained in this Section shall restrict Seller or Buyer from obtaining access to the Transferred Business Records or the Retained Business Records incident to discovery in litigation to which Buyer or Seller are parties and utilizing such records with respect to any such litigation.
For a minimum of five (5) years after the Closing, the Sellers shall maintain and make available to the Company the Retained Business Records for inspection and copying to the extent the Company requires access to such records for reasonable business necessity provided that such records shall not be used in a manner which is detrimental to the interests of the Sellers.
Purchaser’s access to the Retained Business Records is subject to the confidentiality obligations of Purchaser under Section 11.1 hereof.
After such six (6) period, before Buyer shall dispose of any Transferred Business Records or Seller shall dispose of any Retained Business Records, such Party shall give at least 90 days’ prior written notice of such intention to dispose to the other Party, and such other Party shall be given an opportunity, at its cost and expense, to remove and retain all or any part of such Transferred Business Records or Retained Business Records, as the case may be, as it may elect.
Buyer agrees that it shall preserve and keep, or cause to be preserved and kept, the Transferred Business Records and Seller agrees that it shall preserve and keep, or cause to be preserved and kept, the Retained Business Records, in each case for a period of six (6) years following the Closing Date.
Nothing contained in this paragraph 9.3 shall restrict either Sellers or the Company from obtaining access to the Transferred Business Records or the Retained Business Records incident to discovery in litigation to which the Company or Sellers are parties and utilizing such records with respect to any such litigation.
After the Closing, Seller shall make available to Buyer the Retained Business Records for inspection and copying to the extent Buyer requires access to such records for reasonable business necessity provided that such records shall not be used in a manner which is detrimental to the interests of Seller.
Purchaser’s access to the Retained Business Records is subject to the confidentiality obligations under Section 10.1 of this Agreement.