Common use of Information After Closing Clause in Contracts

Information After Closing. Until the expiration of applicable legal requirements for retention of the specific records, upon written request of Seller to Buyer or Buyer to Seller, as the case may be, such requested party shall provide the requesting party with reasonable access to, or copies of, information and records relating to the Branches which are then in the possession or control of the requested party reasonably necessary to permit the requesting party or any of its subsidiaries or affiliates to comply with or contest any applicable legal, tax, banking, accounting, or regulatory, policies or requirements, or any legal or regulatory proceeding thereunder or requests related to customer relationships at the Branches prior to Closing. In the event of any such requests, the requesting party shall reimburse the requested party for the reasonable costs of the requested party related to such request. After such requirements have expired, Buyer or Seller, as the case may be, may destroy such records unless within fifteen (15) days of the expiration of such requirement, the Buyer or Seller, as the case may be, requests that such records be delivered at the requesting party's expense, to the requesting party. The covenants and obligations of the parties hereunder shall survive the Closing.

Information After Closing. Until the expiration of applicable legal requirements for retention of the specific records, upon written request of Seller SELLER to Buyer BUYER or Buyer BUYER to SellerSELLER, as the case may be, such requested party shall provide the requesting party with reasonable access to, or copies of, information and records relating to the Branches Offices which are then in the possession or control of the requested party reasonably necessary to permit the requesting party or any of its subsidiaries or affiliates to comply with or contest any applicable legal, tax, banking, accounting, or regulatory, regulatory policies or requirements, or any legal or regulatory proceeding thereunder or requests related to customer relationships at the Branches Offices prior to Closing. In the event of any such requests, the requesting party shall reimburse the requested party for the reasonable costs of the requested party related to such request. After such requirements have expired, Buyer BUYER or SellerSELLER, as the case may be, may destroy such records unless within fifteen (15) 15 days of the expiration of such requirement, the Buyer BUYER or SellerSELLER, as the case may be, requests that such records be delivered at the requesting party's expense, to the requesting party. The covenants and obligations of the parties hereunder shall survive the Closing.