Common use of Record Retention; Access Clause in Contracts

Record Retention; Access. (a) Buyer shall retain the books and ------------------------ records of the Center and the Purchased Assets transferred to it hereunder for a period of not less than three (3) years; provided, however that Buyer shall have -------- ------- the right to dispose of or destroy any such books and records at any earlier time upon giving Seller reasonable notice of such intent and the right to obtain from Buyer those books and records which it intends to dispose of or destroy. Seller shall have the right, at the expense of Seller, (i) of reasonable access to and examination of such records and books for a period of three (3) years from and after the Closing Date upon reasonable notice to Buyer and during normal business hours and (ii) to make copies of such of the books, contracts and records included in the Purchased Assets as are in Buyer's possession which relate to any period prior to the Closing. With the approval of Buyer, which approval shall not be unreason ably withheld or delayed, Seller may remove from Buyer's possession the originals of such of the books and records included in the Purchased Assets as Seller may require, for use in litigation, provided that Seller shall indemnify Buyer against losses, expenses, or damages -------- resulting from the loss, destruction or non-return of such books and records.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medical Resources Inc /De/)

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Record Retention; Access. (a) Buyer shall retain the books and ------------------------ records of the Center Centers and the Purchased Assets transferred to it hereunder for a period of not less than three (3) years; provided, however that Buyer shall have -------- ------- have the right to dispose of or destroy any such books and records at any earlier time upon giving Seller Sellers reasonable notice of such intent and the right to obtain from Buyer those books and records which it intends to dispose of or destroy. Seller Sellers shall have the right, at the expense of SellerSellers, (i) of reasonable access to and examination of such records and books for a period of three (3) years from and after the Closing Date upon reasonable notice to Buyer and during normal business hours and (ii) to make copies of such of the books, contracts and records included in the Purchased Assets as are in Buyer's possession which relate to any period prior to the Closing. With the approval of Buyer, which approval shall not be unreason ably withheld or delayed, Seller Sellers may remove from Buyer's possession the originals of such of the books and records included in the Purchased Assets as Seller Sellers may require, for use in litigation, provided that Seller Sellers shall indemnify Buyer against losses, -------- expenses, or damages -------- resulting from the loss, destruction or non-return of such books and records.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medical Resources Inc /De/)

Record Retention; Access. (a) Buyer shall retain the books and ------------------------ records of the Center Centers and the Purchased Assets transferred to it hereunder for a period of not less than three (3) years; provided, however that Buyer shall have -------- ------- have the right to dispose of or destroy any such books and records at any earlier time upon giving Seller reasonable notice of such intent and the right to obtain from Buyer those books and records which it intends to dispose of or destroy. Seller shall have the right, at the expense of Seller, (i) of reasonable access to and examination of such records and books for a period of three (3) years from and after the Closing Date upon reasonable notice to Buyer and during normal business hours and (ii) to make copies of such of the books, contracts and records included in the Purchased Assets as are in Buyer's possession which relate to any period prior to the Closing. With the approval of Buyer, which approval shall not be unreason ably withheld or delayed, Seller may remove from Buyer's possession the originals of such of the books and records included in the Purchased Assets as Seller may require, for use in litigation, provided that Seller shall indemnify Buyer against losses, -------- expenses, or damages -------- resulting from the loss, destruction or non-return of such books and records.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medical Resources Inc /De/)

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Record Retention; Access. (a) Buyer shall retain the books and ------------------------ records of the Center and the Purchased Assets transferred to it hereunder for a period of not less than three (3) years; provided, however that Buyer shall have -------- ------- the right to dispose of or destroy any such books and records at any earlier time upon giving Seller reasonable notice of such intent and the right to obtain from Buyer those books and records which it intends to dispose of or destroy. Seller shall have the right, at the expense of Seller, (i) of reasonable access to and examination of such records and books for a period of three (3) years from and after the Closing Date upon reasonable notice to Buyer and during normal business hours and (ii) to make copies of such of the books, contracts and records included in the Purchased Assets as are in Buyer's possession which relate to any period prior to the Closing. With the approval of Buyer, which approval shall not be unreason ably withheld or delayed, Seller may remove from Buyer's possession the originals of such of the books and records included in the Purchased Assets as Seller may require, for use in litigation, provided that -------- Seller shall indemnify Buyer against losses, expenses, or damages -------- resulting from the loss, destruction or non-return of such books and records.

Appears in 1 contract

Samples: Execution Copy (Medical Resources Inc /De/)

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