Common use of Preservation of and Access to Records Clause in Contracts

Preservation of and Access to Records. The Purchaser shall preserve or cause the Company and the Subsidiaries to preserve all books and records of the Company and the Subsidiaries for a period of six (6) years after the Closing Date, or any later date of retention required by Applicable Law; PROVIDED, HOWEVER, the Purchaser may destroy any part or parts of such records upon obtaining written consent of the Shareholder for such destruction, which consent may be withheld in the Shareholder's absolute discretion. Such records shall be made available to the Shareholder and its representatives at all reasonable times during normal business hours of the Company and/or the Subsidiaries, as applicable, during said six-year period with the right at the Shareholder's expense to make abstracts from and copies thereof.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Allete Inc), Stock Purchase Agreement (Allete Inc)

Preservation of and Access to Records. The Purchaser shall preserve or cause the Company and the Subsidiaries Subsidiary to preserve all books and records of the Company and the Subsidiaries Subsidiary for a period of six (6) years after the later of Closing Date, or the filing date of any Company or Subsidiary tax return due post-closing or any later date of retention required by Applicable Law; PROVIDEDprovided, HOWEVERhowever, the Purchaser may destroy any part or parts of such records upon obtaining written consent of the Shareholder Seller for such destruction, which consent may be withheld in the Shareholder's Seller’s absolute discretion. Such records shall be made available to the Shareholder Seller and its representatives at all reasonable times during normal business hours of the Company and/or the SubsidiariesSubsidiary, as applicable, during said six-year retention period with the right at the Shareholder's Seller’s expense to make abstracts from and copies thereof.

Appears in 1 contract

Sources: Stock Purchase Agreement (Symmetry Medical Inc.)