Common use of Sharing of Data Clause in Contracts

Sharing of Data. Buyer shall have the right for a period of seven (7) years following the Closing Date to have reasonable access to those books, records and accounts, including financial and accounting records (including the work papers of Seller’s independent accountants), Tax records, correspondence, production records, employment records and other records that are retained by Seller pursuant to the terms of this Agreement to the extent that any of the foregoing is needed by Buyer for the purpose of conducting the Business after the Closing and complying with its obligations under applicable securities, Tax, environmental, employment or other Laws. Seller shall not destroy any such books, records or accounts retained by it without first providing Buyer with the opportunity to obtain or copy such books, records, or accounts at Buyer’s expense. Promptly upon request by Buyer made at any time following the Closing Date, Seller shall authorize the release to Buyer of all files pertaining to the Acquired Assets or the Business held by any federal, state, county or local authorities, agencies or instrumentalities.

Sharing of Data. Buyer Purchaser shall have the right for a period of seven (7) years following the Closing Date to have reasonable access to those books, records and accounts, including financial and accounting records (including the work papers of Seller’s 's independent accountants), Tax tax records, correspondence, production records, employment records and other records that are retained by Seller pursuant to the terms of this Agreement to the extent that any of the foregoing is needed by Buyer Purchaser for the purpose of conducting the Business after the Closing and complying with its obligations under applicable securities, Taxtax, environmental, employment or other Lawslaws and regulations. Seller shall not destroy any such books, records or accounts retained by it without first providing Buyer Purchaser with the opportunity to obtain or copy such books, records, or accounts at BuyerPurchaser’s expense. Promptly upon request by Buyer Purchaser made at any time following the Closing Date, Seller shall authorize the release to Buyer Purchaser of all files pertaining to Seller, the Acquired Assets or the Business or operations of Seller held by any federal, state, county or local authorities, agencies or instrumentalities.