Common use of Retention of and Access to Books and Records Clause in Contracts

Retention of and Access to Books and Records. Each of Townsquare and Cumulus may retain a copy of all data books and records relating to the pre-Closing operations of the Townsquare Stations or Cumulus Stations, as applicable. After the Closing, the acquiring party shall retain those records delivered to the acquiring party by the conveying party for a period of at least three (3) years. Each acquiring party shall provide the conveying party and its representatives with reasonable access to any such books and records of which the conveying party did not retain a copy, during normal business hours and on reasonable prior written notice to the acquiring party. From the date hereof until Closing, each party agrees to make its CFO available to discuss ongoing operations and the status of the businesses of the Cumulus Stations or Townsquare Stations, as applicable, during normal business hours and on reasonable prior written notice.

Retention of and Access to Books and Records. Each of Townsquare and Cumulus may retain a copy of all data books and records relating to the pre-Closing operations of the Townsquare Stations or Cumulus Stations, as applicable. After the Closing, the acquiring party shall retain those records delivered to the acquiring party by the conveying party for a period of at least three (3) years. Each acquiring party shall provide the conveying party and its representatives with reasonable access to any such books and records of which the conveying party did not retain a copy, during normal business hours and on reasonable prior written notice to the acquiring party. From the date hereof until Closing, each party Cumulus agrees to make its CFO available to discuss ongoing on-going operations and the status of the businesses of the Cumulus Stations or Townsquare Stations, as applicable, during normal business hours and on reasonable prior written notice.