Common use of Transition Reports Clause in Contracts

Transition Reports. In order to assist Buyer in preparing for the transition of ownership upon Closing (and for such limited purpose only), from the date of this Agreement until Closing, Sellers shall provide to Buyer a monthly report no later than the 20th day of each month (relating to the prior month) for each the Company and its Subsidiaries, which report shall be substantially similar to, and prepared on substantially the same basis as the Financial Statements. For purposes of clarity, Buyer hereby agrees and acknowledges that Sellers shall deliver the aforementioned monthly reports solely as an accommodation to Buyer, that Sellers shall not be deemed to provide any warranties whatsoever as to the information contained in such reports or provided in any discussions of such reports and that Sellers shall have no liability of any type whatsoever relating to or arising from such reports or information, save in respect of fraud, willful misconduct or gross negligence by or on behalf of Sellers, the Company and/or its Subsidiaries.