Common use of Cooperation and Records Retention Clause in Contracts

Cooperation and Records Retention. Seller, Parent and Buyer shall (i) --------------------------------- each provide the other with such assistance as may reasonably be requested by them in connection with the preparation of any Tax Returns, or in connection with any audit or other examination by any taxing authority or any judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the other, with any records or other information which may be relevant to any such Tax Return, audit or examination, proceeding or determination, and (iii) each provide the other with any final determination of any such audit or examination, proceeding or determination that affects any amount required to be shown on any Tax Return of the other for any period. Without limiting the generality of the foregoing, Seller, Parent and Buyer shall retain, until the applicable statute of limitations (including any extensions) have expired, copies of all Tax Returns, supporting work schedules and other records or information which may be relevant to such Tax Returns for all tax periods or portions thereof ending before or including the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the other party with a reasonable opportunity to review and copy the same. Buyer shall keep the original copies of the records and, at Seller's expense, shall provide copies of the records to Seller upon Seller's request.

Appears in 1 contract

Samples: Asset Purchase Agreement (Netratings Inc)

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Cooperation and Records Retention. Seller, The Securities Holders Representative and the Parent and Buyer shall (i) --------------------------------- each provide the other other, and the Parent shall cause the Surviving Corporation and the Subsidiaries to provide the Securities Holders Representative, with such assistance as may be reasonably be requested by any of them in connection with the preparation of any Tax ReturnsReturn, or in connection with any audit audit, or other examination by any taxing authority Taxing Authority or any judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the other, with and the Parent shall cause the Surviving Corporation and the Subsidiaries to retain and provide the Securities Holders Representative with, any records or other information which that may be relevant to any such Tax Return, audit or examination, proceeding proceeding, or determination, and (iii) each provide the other with any final determination of any such audit or examination, proceeding proceeding, or determination that affects any amount required to be shown on any Tax Return of the other or the Surviving Corporation or the Subsidiaries for any period. Without limiting the generality of the foregoing, Sellerthe Parent shall retain, Parent and Buyer shall cause the Surviving Corporation to retain, and the Securities Holders Representative shall retain, until the applicable statute statutes of limitations (including any extensions) have expired, copies of all Tax Returns, supporting work schedules schedules, and other records or information which that may be relevant to such Tax Returns for all tax Tax periods or portions thereof ending before or including the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the other party Party with a reasonable opportunity to review and copy the same. Buyer Each Party shall keep bear its own expenses in complying with the original copies of the records and, at Seller's expense, shall provide copies of the records to Seller upon Seller's requestforegoing provisions.

Appears in 1 contract

Samples: Confidentiality and Inventions Assignment Agreement (Biomet Inc)

Cooperation and Records Retention. Seller, The Representative and the Parent and Buyer shall (ia) --------------------------------- each provide the other other, and the Parent shall cause the Company to provide the Representative, with such assistance as may be reasonably be requested by any of them in connection with the preparation of any Tax ReturnsReturn, or in connection with any audit audit, or other examination by any taxing authority or any judicial or administrative proceedings relating to liability for Taxes, (iib) each retain and provide the other, with and the Parent shall cause the Company to retain and provide the Representative with, any records or other information which that may be relevant to any such Tax Return, audit or examination, proceeding proceeding, or determination, and (iiic) each provide the other with any final determination of any such audit or examination, proceeding proceeding, or determination that affects any amount required to be shown on any Tax Return of the other Company for any period. Without limiting the generality of the foregoing, Sellerthe Parent shall retain, Parent and Buyer shall cause the Company to retain, until the applicable statute statutes of limitations (including any extensions) have expired, copies of all Tax Returns, supporting work schedules schedules, and other records or information which that may be relevant to such Tax Returns returns for all tax Tax periods or portions thereof ending before or including the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the other party Representative with a reasonable opportunity to review and copy the same. Buyer Each Party shall keep bear its own expenses in complying with the original copies foregoing provisions of this Section 11.3, provided that the records and, at Seller's expense, Parent shall provide copies pay the expenses incurred in connection with any Tax Return prepared or caused to be prepared by the Representative up to the amount accrued on the Closing Balance Sheet for the cost of the records to Seller upon Seller's requestpreparing such Tax Returns.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Tailwind Acquisition Corp.)

Cooperation and Records Retention. Seller, The Shareholders’ Representative and the Parent and Buyer shall (i) --------------------------------- each provide the other other, and the Parent shall cause the Surviving Corporation to provide the Shareholders’ Representative, with such assistance as may be reasonably be requested by any of them in connection with the preparation of any Tax ReturnsReturn, or in connection with any audit audit, or other examination by any taxing authority or any judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the other, with and the Parent shall cause the Surviving Corporation to retain and provide the Shareholders’ Representative with, any records or other information which maintained in the ordinary course of business consistent with past practices that may be relevant to any such Tax Return, audit or examination, proceeding proceeding, or determination, and (iii) each provide the other with any final determination of any such audit or examination, proceeding proceeding, or determination that affects any amount required to be shown on any Tax Return of the other Company for any period. Without limiting the generality of the foregoing, Sellerthe Parent shall retain, Parent and Buyer shall cause the Surviving Corporation to retain, until the applicable statute statutes of limitations (including any extensions) have expired, copies of all Tax Returns, supporting work schedules schedules, and other material records or information which that may be relevant to such Tax Returns returns for all tax Tax periods or portions thereof ending before or including the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the other party Shareholders’ Representative with a reasonable opportunity to review and copy the same. Buyer Each Party shall keep bear its own expenses in complying with the original copies foregoing provisions of the records and, at Seller's expense, shall provide copies of the records to Seller upon Seller's requestthis Section 6.10(a).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Zebra Technologies Corp/De)

Cooperation and Records Retention. Seller, Parent Seller and Buyer shall (i) --------------------------------- each provide the other with such assistance as may reasonably be requested by them in connection with the preparation of any Tax Returns, or in connection with any audit or other examination by any taxing authority or any judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the other, with any records or other information which may be relevant to any such Tax Return, audit or examination, proceeding or determination, and (iii) each provide the other with any final determination of any such audit or examination, proceeding or determination that affects any amount required to be shown on any Tax Return of the other for any period. Without limiting the generality of the foregoing, Seller, Parent Seller and Buyer shall retain, until the applicable statute of limitations (including any extensions) have expired, copies of all Tax Returns, supporting work schedules and other records or information which may be relevant to such Tax Returns for all tax periods or portions thereof ending before or including the Closing Date and shall not destroy or otherwise dispose of any such records without first providing the other party with a reasonable opportunity to review and copy the same. Buyer shall keep the original copies of the records and, at Seller's expense, shall provide copies of the records to Seller upon Seller's request.

Appears in 1 contract

Samples: Asset Purchase Agreement (Netratings Inc)

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Cooperation and Records Retention. Seller, Parent Seller and Buyer Purchaser shall (i) --------------------------------- each provide the other with such assistance as may reasonably be requested by them in connection with the preparation of any Tax Returns, or in connection with any audit or other examination by any taxing authority or any judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the other, with any records or other information which may be relevant to any such Tax Return, audit or examination, proceeding or determination, and (iii) each provide the other with any final determination of any such audit or examination, proceeding or determination that affects any amount required to be shown on any Tax Return of the other for any period. Without limiting the generality of the foregoing, Seller, Parent Seller and Buyer Purchaser shall retain, until the all applicable statute statutes of limitations (including any extensionsextensions thereof) have expired, copies of all Tax Returns, supporting work schedules and other records or information which may be relevant to such Tax Returns for all tax periods or portions thereof ending before or including the Time of Closing Date and shall not destroy or otherwise dispose of any such records without first providing the other party with a reasonable opportunity to review and copy the same. Buyer Purchaser shall keep the original copies of the records at its facilities, if applicable, and, at Seller's expense, shall provide to Seller copies of the records to such Records as Seller upon Seller's may reasonably request.

Appears in 1 contract

Samples: Acquisition Agreement (Cisco Systems Inc)

Cooperation and Records Retention. Seller, Parent Sellers’ Representative and Buyer shall (i) --------------------------------- each provide the other other, and Buyer shall cause each Acquired Company to provide the Sellers and Sellers’ Representative, with such assistance as may be reasonably be requested by them the other party (at the reasonable expense of such other party) in connection with the preparation of any Tax ReturnsReturn, or in connection with any audit audit, or other examination by any taxing authority Taxing Authority or any judicial or administrative proceedings relating to liability for Taxes, (ii) each retain and provide the other, with and Buyer shall cause the Acquired Companies to retain and provide Sellers’ Representative with, any records or other information which that may be relevant to any such Tax Return, audit or examination, proceeding proceeding, or determination; provided that Buyer and Sellers’ Representative may make reasonable redactions to preserve confidential information, and (iii) each provide the other with any final determination of any such audit or examination, proceeding proceeding, or determination that affects any amount required to be shown on any Tax Return of the other Buyer or any Seller (as applicable) or any Acquired Company for any period. Without limiting the generality of the foregoingimmediately preceding sentence, SellerBuyer shall retain, Parent and Buyer shall cause each Acquired Company to retain, and the Sellers’ Representative shall retain, until the applicable statute statutes of limitations (including any extensions) have expired, copies of all Tax Returns, supporting work schedules and other records or information which may be relevant to such Tax Returns for all tax periods or portions thereof ending before or including the Pre-Closing Date Tax Periods and related workpapers and shall not destroy or otherwise dispose of any such records without first providing the other party Party (either Buyer or Sellers’ Representative, as applicable) with a reasonable opportunity to review and copy the same. Buyer shall keep the original copies of the records and, at Seller's expense, shall provide copies of the records to Seller upon Seller's request.

Appears in 1 contract

Samples: Unit Redemption Agreement (Mister Car Wash, Inc.)

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