Commercial Data Clause Samples
Commercial Data. VS shall not, and shall cause its Subsidiaries not to, following the Distribution Time, without the consent of the individuals to whom the VS Commercial Data relates, use or disclose VS Commercial Data for purposes other than those for which such VS Commercial Data was collected by L Brands or its Subsidiaries prior to the Distribution Time (unless (i) such consent is obtained by VS or (ii) otherwise permitted or required by Applicable Law), and shall give effect to any withdrawal of consent made in accordance with Applicable Law. VS shall, and shall cause its Subsidiaries to, protect and safeguard the VS Commercial Data against unauthorized collection, use or disclosure, as provided by Applicable Law. To the extent required by Applicable Law, within a reasonable time after the Distribution Time, VS shall notify the individuals to whom the VS Commercial Data relates that the transactions contemplated by this Agreement have been completed and that their VS Commercial Data has been transferred to VS.
Commercial Data. “Commercial Data” means business, economic, and/or labor industry data in the public domain that (i) does not include and/or contain any Excluded Data (as defined below); (ii) has been lawfully obtained and is lawfully possessed free of any and all restrictions or limitations on its use, sale, publication, and/or distribution, and (iii) that is free of any liens or encumbrances or similar claims.