Common use of Provision of Information and Documents Clause in Contracts

Provision of Information and Documents. Each Party undertakes to (i) provide the other Party and its Affiliates with any and all information, documents, materials and/or access to Persons, which are in its possession and/or under its control or authority, as reasonably requested, including, but not limited to, the granting of mandates, in physical or electronic form, as well as (ii) make commercially reasonable efforts to meet the other requests of the other Party, in any event, to enable the conduction of any Shared Claim, according to this Clause 5.9. Information, documents, materials and/or access to Persons, which are in possession and/or under the control of one of the Parties and/or its Affiliates, shall be provided within the term equivalent to 1/3 (one third) of the legal period for submission of such information and/or document within the scope of a Shared Claim or within 10 (ten) Business Days, whichever is shorter, provided that, if the referred term is 5 (five) days or less, the provision shall occur up to half of the applicable term. The failure of one of the Parties to provide such information, documents, materials and/or access to Persons, including untimely provision or at a later time, will not in any way prejudice that Party’s rights in relation to such Shared Claim, except to the extent that such failure impairs the conduction of the Shared Claim and/or results in Losses for the other Party.