Common use of Information Retention Clause in Contracts

Information Retention. Other than the books and records of MTI and the Fuel Cell Business contributed to the Company hereunder, MTI will retain all books and records relating to the Fuel Cell Business in accordance with MTI's record retention policies as presently in effect. During the three (3) year period beginning on the Contribution Date, MTI shall not dispose of or permit the disposal of any such books and records not required to be retained under such policies without first giving 60 days' prior written notice to the Company offering to surrender the same to the Company at the Company's expense.