Common use of Information and Materials Clause in Contracts

Information and Materials. (a) The Vendor shall, subject to contractual restrictions relative to disclosure, deliver copies of the Title and Operating Agreements and other records related to the Assets in organized form to the Purchaser promptly after Closing and the Purchaser shall receive such documentation and records. The Purchaser shall maintain such documentation and records and shall not destroy same prior to the latest of any period under Applicable Laws for which a Party is required to maintain such documents and records. (b) After the Closing Date, the Vendor and its representatives may, upon reasonable notice to the Purchaser, have access during business hours to the documentation and records delivered hereunder (to the extent the same is retained by the Purchaser or to which it has access) to obtain and copy information in respect of matters arising prior to the Closing Date if the information derived from such access is required in connection with audits or the Vendor's dealings with taxing or other regulatory authorities or is required to comply with any Applicable Law, or in any court of law or other tribunal having jurisdiction.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Alberta Star Development Corp)

Information and Materials. (a) The Vendor shall, subject to contractual restrictions relative relating to disclosure, deliver copies of the Title such Technical Information and Operating Agreements and other records related to the Assets in organized form to the Purchaser promptly after Closing and the Purchaser shall receive such documentation Technical Information and records. The Purchaser shall maintain such documentation Technical Information and records and shall not destroy same prior to the latest of any period under Applicable Laws for which a Party is required to maintain such documents and records. (b) After the Closing Date, the Vendor and its representatives may, upon reasonable notice to the Purchaser, have access during business hours to the documentation Technical Information and records delivered hereunder (to the extent the same is retained by the Purchaser or to which it has access) to obtain and copy information in respect of matters arising prior to the Closing Date if the information derived from such access is required in connection with audits or the Vendor's dealings with taxing or other regulatory authorities or is required to comply with any Applicable Law, regulation or ruling by a relevant government or regulatory authority or in any court of law or other tribunal having jurisdiction.

Appears in 1 contract

Sources: Agreement of Purchase and Sale (Surge Global Energy, Inc.)