Examples of Transferred Business Records in a sentence
The Manager shall provide coverage with limits of liability not less than those stated below.
From and after the Closing Date, the Sellers shall not retain any records or other documents related to the business or operations of the Complex prior to the Effective Time (the "Transferred Business Records") other than records or other documents which constitute part of the Excluded Assets.
Nothing contained in this Section shall restrict Seller or Buyer from obtaining access to the Transferred Business Records or the Retained Business Records incident to discovery in litigation to which Buyer or Seller are parties and utilizing such records with respect to any such litigation.
For a minimum of five (5) years after the Closing, the Company shall maintain and make available to Sellers the Transferred Business Records for inspection and copying to the extent Sellers require access to such records in response to tax audits or other reasonable business necessity provided that such records shall not be used in a manner which is detrimental to the interests of the Company.
Buyer agrees that it shall preserve and keep, or cause to be preserved and kept, the Transferred Business Records and Seller agrees that it shall preserve and keep, or cause to be preserved and kept, the Retained Business Records, in each case for a period of six (6) years following the Closing Date.
Nothing contained in this paragraph 9.3 shall restrict either Sellers or the Company from obtaining access to the Transferred Business Records or the Retained Business Records incident to discovery in litigation to which the Company or Sellers are parties and utilizing such records with respect to any such litigation.
Seller's access to the Transferred Business Records is subject to the confidentiality obligations of Seller under Section 9.2 hereof.
Depending on their content and focus, the goals in Paragraphs 1-6 above are applicable to all grade levels (K-12), to adult programs, and to all segments of the student population including, but not limited to, the gifted, the slow learner, and the handicapped.
After the Closing, to the extent not prohibited by law or restricted by applicable ethical rules, Purchaser shall make available to Seller any records related to the Purchased Assets prior to the Closing which are transferred to Purchaser at the Closing (the "Transferred Business Records") for inspection and copying to the extent Seller requires access to such records in response to tax audits or other reasonable business necessity as reasonably determined by Seller.
A motion was made by Mr. Brian Verkamp and seconded by Mr. Joel McDonald to adjourn at 8:00 p.m..