Access to Management, Properties and Records. From the date of this Agreement until the Effective Date, the Seller shall afford the officers, attorneys, accountants and other authorized representatives of the Buyer reasonable access upon reasonable notice and during normal business hours to all management personnel, and books and records of the Seller relating solely to the Acquired Business. The Buyer shall be permitted to make abstracts from, or copies of, all such books and records. The Seller shall furnish to the Buyer such financial and operating data and other information as to the Assets and the Acquired Business as the Buyer shall reasonably request and cause its management personnel to cooperate with the Buyer and to be available at the reasonable request of the Buyer so as to provide the Buyer's agents with any and all information concerning the Assets and the Acquired Business that may reasonably be required to close the transactions contemplated hereby. Notwithstanding anything contained in this Section 6.3 above, the Buyer's right to continue its due diligence procedures shall in no way be construed to imply that completion of such due diligence, or the ability of the Buyer to obtain financing, is or will be a condition to closing this transaction. Furthermore, to the extent Buyer requires Seller to engage Seller's outside auditors to perform any work in connection with any requests under this Section 6.3, Buyer shall pay the full cost of such engagement directly to Seller's outside auditors.
Appears in 1 contract
Sources: Asset Purchase Agreement (Stratus Services Group Inc)
Access to Management, Properties and Records. From the date of this Agreement until the Effective DateAgreement, the Seller shall afford the officers, attorneys, accountants and other authorized representatives of the Buyer reasonable access upon reasonable notice and during normal business hours to all management personnel, and books and records of the Seller relating solely to the Acquired Business. The Buyer shall be permitted to make abstracts from, or copies of, all such books and records. The Seller shall furnish to the Buyer such financial and operating data and other information as to the Assets and the Acquired Business as the Buyer shall reasonably request and cause its management personnel to cooperate with the Buyer and to be available at the reasonable request of the Buyer so as to provide the Buyer's agents with any and all information concerning the Assets and the Acquired Business that may reasonably be required to close the transactions contemplated hereby. Seller shall be permitted to copy and retain such copies of invoices for accounts receivable purchased pursuant to section 1.2(iv) hereof. Any information obtained by a party pursuant to this Section 6.3 shall be subject to the confidentiality provisions of that certain letter of intent between the parties dated November 29, 2000. Notwithstanding anything contained in this Section 6.3 above, the Buyer's right to continue its due diligence procedures shall in no way be construed to imply that completion of such due diligence, or the ability of the Buyer to obtain financing, is or will be a condition to closing this transaction. Furthermore, to the extent Buyer requires Seller to engage Seller's outside auditors to perform any work in connection with any requests under this Section 6.3, Buyer shall pay the full cost of such engagement directly to Seller's outside auditors.
Appears in 1 contract
Sources: Asset Purchase Agreement (Stratus Services Group Inc)
Access to Management, Properties and Records. From the date of this Agreement until the Effective Date, the Seller shall afford the officers, attorneys, accountants and other authorized representatives of the Buyer reasonable access upon reasonable notice and during normal business hours to all management personnel, and books and records of the Seller relating solely to the Acquired Business. The Buyer shall be permitted to make abstracts from, or copies of, all such books and records. The Seller shall furnish to the Buyer such financial and operating data and other information as to the Assets and the Acquired Business as the Buyer shall reasonably request and cause its management personnel to cooperate with the Buyer and to be available at the reasonable request of the Buyer so as to provide the Buyer's agents with any and all information concerning the Assets and the Acquired Business that may reasonably be required to close the transactions contemplated hereby. Notwithstanding anything contained in this Section 6.3 above, the Buyer's right to continue its due diligence procedures shall in no way be construed to imply that completion of such due diligence, or the ability of the Buyer to obtain financing, is or will be a condition to closing this transaction. Furthermore, to the extent Buyer requires Seller to engage Seller's outside auditors to perform any work in connection with any requests under this Section 6.3, Buyer shall pay the full cost of such engagement directly to Seller's outside auditorsengagement.
Appears in 1 contract
Sources: Asset Purchase Agreement (Stratus Services Group Inc)