Common use of VENDOR'S ACCESS TO RECORDS Clause in Contracts

VENDOR'S ACCESS TO RECORDS. The Purchaser agrees that, for a period of six (6) years from the Closing Date, it will allow the Vendor reasonable access to all records and documents provided by the Vendor to the Purchaser relating to the Purchased Assets during normal business hours and when requested make copies thereof at the Vendor's expense. If the Purchaser shall desire to dispose of any of such records and documents prior to the expiration of such six year period, the Purchaser shall, prior to such disposition, give the Vendor a reasonable opportunity, at the Purchaser's expense, to segregate and remove such of those records as the Vendor may select. Notwithstanding the foregoing, the Purchaser shall not be liable to the Vendor for any Losses, cost or expenses of any nature directly or indirectly occasioned by any accidental loss or destruction of any records or documents included in the Purchased Assets, regardless of the cause of any such accidental loss or destruction, and the Purchaser does not guarantee the accuracy of any notations made by the Purchaser on such records and documents.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Railamerica Inc /De), Asset Purchase Agreement (Railamerica Inc /De)