Common use of Copies of Records Clause in Contracts

Copies of Records. (a) Each of the Assignors shall preserve all records possessed by it (and not otherwise transferred to Assignee) relating to the Assigned Assets, Assumed Liabilities or operations of the Business and shall provide Assignee with access, upon prior reasonable written request, during regular business hours, to such books of account and records. Assignee and its representatives shall have the right to make copies of such books and records. Such records may nevertheless be destroyed by Assignors if Assignors send Assignee written notice of their intent to destroy records, specifying with particularity the contents of the records to be destroyed. Such records may then be destroyed after the 90th day following delivery of such notice unless Assignee objects to the destruction, in which case Assignors shall either agree to retain such records or to deliver such records to Assignee. (b) Assignee shall preserve all records of Assignors which were transferred to Assignee relating to the time periods prior to the Closing, and shall provide to each Assignor with access to such records (to the extent related to such Assignor), upon prior reasonable written request, during regular business hours. Assignors and their representatives shall have the right to make copies of such books and records. Such records may nevertheless be destroyed by Assignee if Assignee sends the applicable Assignor written notice of its intent to destroy such records, specifying with particularity the contents of the records to be destroyed. Such records may then be destroyed after the 90th day following delivery of such notice unless the applicable Assignor objects to the destruction, in which case Assignee shall either agree to retain such records or to deliver such records to such Assignor.