Common use of Post-Closing Books and Records Clause in Contracts

Post-Closing Books and Records. For a period of two (2) years after the Closing Date, Seller on the one hand and Buyer on the other hand shall afford each other and their respective counsel, accountants and other representatives, or any trustee appointed in the Bankruptcy Case or any case under Chapter 7 of the Bankruptcy Code to which the Bankruptcy Case may be converted, reasonable access to the Books and Records in respect of the Business which, after the Closing, are in the custody or control of the other party and which such party reasonably requires in order to comply with its obligations under Law, including, but not limited to, audits by Tax authorities, or which Buyer reasonably requires to comply with its obligations under the Assumed Liabilities or the Assigned Contracts. Buyer will retain all Books and Records that Buyer may have, if any, relating and material to the operation of the Business and the Acquired Assets prior to the Closing for a period of one (1) year after the Closing Date.