Common use of Confidentiality; Access Clause in Contracts

Confidentiality; Access. Wellhead, an Affiliate of Buyer, and Seller have previously entered into a confidentiality agreement dated as of June 10, 2008 (the “Confidentiality Agreement”). The terms and conditions of the Confidentiality Agreement are incorporated into this Agreement by reference and such Confidentiality Agreement shall remain in full force and effect. Until this Agreement is terminated or the transaction contemplated hereby are closed as provided below, Seller will provide Wellhead or its designee and their representatives full access at mutually-agreed-upon reasonable times, to the properties, books and records of Company for purposes of conducting such investigations, appraisals or audits reasonably necessary or advisable under the circumstances. In addition, the provisions of such Confidentiality Agreement shall apply on a reciprocal basis to Seller with respect to Information (as defined in the Confidentiality Agreement) provided to Company or Seller by Wellhead.

Appears in 1 contract

Sources: Membership Interests Purchase Agreement (MMC Energy, Inc.)