Common use of Document Retention Clause in Contracts

Document Retention. As used in this Section 15.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 8 contracts

Samples: Purchase and Sale Agreement (Memorial Production Partners LP), Purchase and Sale Agreement (Memorial Production Partners LP), Purchase and Sale Agreement (Memorial Production Partners LP)

AutoNDA by SimpleDocs

Document Retention. As used in this Section 15.213.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax Tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaw), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP), Purchase and Sale Agreement (Memorial Production Partners LP), Purchase and Sale Agreement

Document Retention. As used in this Section 15.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by the Seller Parties pursuant to the provisions of this Agreement (other than those that the Seller has Parties have retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow the Seller Parties or its their representatives, at Seller’s the Seller Parties’ expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. The Seller Parties shall have the right during such period to make copies of the Documents at its their expense.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp), Purchase and Sale Agreement (Memorial Production Partners LP)

Document Retention. As used in this Section 15.217.05, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller Sellers pursuant to the provisions of this Agreement (other than those that Seller has Sellers have retained either the original or a copy of), including, but not limited to: financial and tax Tax accounting records; land, title and division of interest files; contracts; engineering and well Well files; and books and records Records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven four (4) years following the Closing Date (or for such longer period as may be required by law Law or governmental regulation), and shall allow any Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller Sellers shall have the right during such period to make copies of the Documents at its expense.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Midstates Petroleum Company, Inc.), Purchase and Sale Agreement (Linn Energy, LLC)

Document Retention. As used in this Section 15.213.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller the Sellers pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller Sellers or its their respective representatives, at Seller’s the Sellers’ expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller Sellers shall have the right during such period to make copies of the Documents at its their expense.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Memorial Production Partners LP)

Document Retention. As used in this Section 15.214.03, the term “Documents” shall mean all files, documents, books, records records, and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaws of any Governmental Authority), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Legacy Reserves Lp), Purchase and Sale Agreement (St Mary Land & Exploration Co)

Document Retention. As used in this Section 15.214.03, the term "Documents" shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaws of any Governmental Authority), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Abraxas Energy Partners LP), Purchase and Sale Agreement (Abraxas Petroleum Corp)

Document Retention. As used in this Section 15.217.03, the term "Documents" shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including, but not limited to: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven four (4) years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Legacy Reserves L P), Purchase and Sale Agreement (Legacy Reserves L P)

Document Retention. As used in this Section 15.219.03, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven five (5) years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Gulfport Energy Corp), Purchase and Sale Agreement (Callon Petroleum Co)

Document Retention. As used in this Section 15.215.03, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller Sellers pursuant to the provisions of this Agreement (other than those that Seller has Sellers have retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven three years following the Closing Date (or for such longer period as may be required by law or governmental regulationlaw), and shall allow each Seller or its representatives, at Seller’s expense, and each of their respective representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Each Seller shall have the right during such period to make copies of the Documents at its such Seller’s expense.

Appears in 1 contract

Samples: Asset Purchase Agreement (Concho Resources Inc)

Document Retention. As used in this Section 15.213.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Memorial Production Partners LP)

Document Retention. As used in this Section 15.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has have retained either the original or a copy of), including, but not limited to: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New Source Energy Partners L.P.)

Document Retention. As used in this Section 15.214.03, the term “Documents” shall mean all files, documents, books, records records, and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven three (3) years following the Closing Date (or for such longer period as may be required by law or governmental regulation), Laws of any Governmental Authority) and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Document Retention. As used in this Section 15.215.04, the term "Documents" shall mean all files, documents, books, records and other data delivered to Buyer by Seller Sellers pursuant to the provisions of this Agreement (other than those that Seller has Sellers have retained either the original or a copy of), including, but not limited to: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller Sellers or its representatives, at Seller’s expense, their representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller Sellers shall have the right during such period to make copies of the Documents at its their expense.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Pure Resources Inc)

AutoNDA by SimpleDocs

Document Retention. As used in this Section 15.214.03, the term “Documents” shall mean all files, documents, books, records records, and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven six (6) years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaws of any Governmental Authority), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)

Document Retention. As used in this Section 15.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has have retained either the original or a copy of), including: financial and tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulation), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its their expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Goodrich Petroleum Corp)

Document Retention. As used in this Section 15.213.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax Tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaw), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular normal business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sanchez Energy Corp)

Document Retention. As used in this Section 15.214.03, the term “Documents” "Documents shall mean all files, documents, books, records records, and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaws of any Governmental Authority), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (High Plains Gas, Inc.)

Document Retention. As used in this Section 15.210.2, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: financial and tax Tax accounting records; land, title and division of interest files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaw), and shall allow Seller or its representatives, at Seller’s expense, to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sanchez Energy Corp)

Document Retention. As used in this Section 15.214.03, the term “Documents” shall mean all files, documents, books, records and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulationLaws of any Governmental Authority), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)

Document Retention. As used in this Section 15.214.03, the term “Documents” shall mean all files, documents, books, records records, and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such 61 longer period as may be required by law or governmental regulationLaws of any Governmental Authority), and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Document Retention. As used in this Section 15.214.03, the term “Documents” shall mean all files, documents, books, records records, and other data delivered to Buyer by Seller pursuant to the provisions of this Agreement (other than those that Seller has retained either the original or a copy of), including: including financial and tax accounting records; land, title and division of interest order files; contracts; engineering and well files; and books and records related to the operation of the Assets prior to the Closing Date. Buyer shall retain and preserve the Documents for a period of no less than seven (7) years following the Closing Date (or for such longer period as may be required by law or governmental regulation), Laws of any Governmental Authority) and shall allow Seller or its representatives, at Seller’s expense, representatives to inspect the Documents at reasonable times and upon reasonable notice during regular business hours during such time period. Seller shall have the right during such period to make copies of any of the Documents at its expense.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.