Common use of Discovery Materials Clause in Contracts

Discovery Materials. Upon the execution of this Agreement by all Parties, and unless otherwise prohibited by law, each Party shall destroy or return to the others all documents and other materials that the other Party produced, whether in due diligence, in contemplation of the merger, in the New York or Tennessee Actions, or for any other purpose. If a Party elects to destroy rather than return documents, the documents shall be destroyed no later than thirty (30) days following the dismissal of the Tennessee Action and the New York Action and any related shareholder litigation, government investigation or regulatory proceeding. The Party destroying the documents shall immediately provide written confirmation that the documents have been destroyed.