Common use of CONDOR Clause in Contracts

CONDOR. CONDOR recognizes and acknowledges that it had in the past, currently has, and in the future may have, access to certain confidential information of GLOBAL, such as operational policies, and pricing and cost policies that are valuable, special and unique assets of GLOBAL's business. CONDOR agrees that, prior to the Closing, or if the transactions contemplated by this Agreement are not consummated, they will not disclose such confidential information to any Person, firm, corporation, association or other entity for any purpose or reason whatsoever, except (a) to XXXX and GLOBAL and to authorized representatives of GLOBAL, (b) to counsel and other advisers, provided that such advisors (other than counsel) agree to the confidentiality provisions of this Section 10.2, unless (i) such information becomes known to the public generally through no fault of CONDOR, (ii) disclosure is required by law or the order of any Governmental Authority under color of law; provided, that, prior to disclosing any information pursuant to this clause (ii), CONDOR shall, if possible, give prior written notice thereof to GLOBAL and XXXX and provide GLOBAL and XXXX with the opportunity to contest such disclosure, or (iii) the disclosing party reasonably believes that such disclosure is required in connection with the defense of a lawsuit against the disclosing party. In the event of a breach or threatened breach by CONDOR of the provisions of this Section, GLOBAL and XXXX shall be entitled to an injunction restraining CONDOR from disclosing, in whole or in part, such confidential information. Nothing herein shall be construed as prohibiting GLOBAL and XXXX from pursuing any other available remedy for such breach or threatened breach, including the recovery of damages.

Appears in 1 contract

Samples: Purchase Agreement (Condor Technology Solutions Inc)

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CONDOR. CONDOR recognizes and acknowledges that it had in the past, currently has, and in the future may have, access to certain confidential information of GLOBALLINC, such as operational policies, and pricing and cost policies that are valuable, special and unique assets of GLOBALLINC's business. CONDOR agrees that, prior to the Closing, or if the transactions Transactions contemplated by this Agreement are not consummated, they will not disclose such confidential information to any Personperson, firm, corporation, association or other entity for any purpose or reason whatsoever, except (a) to XXXX and GLOBAL the STOCKHOLDERS and to authorized representatives of GLOBALLINC, (b) to counsel and other advisers, provided that such advisors (other than counsel) agree to the confidentiality provisions of this Section 10.211.2, unless (i) such information becomes known to the public generally through no fault of CONDOR, (ii) disclosure is required by law or the order of any Governmental Authority under color of law; provided, that, prior to disclosing any information pursuant to this clause (ii), CONDOR shall, if possible, give prior written notice thereof to GLOBAL LINC and XXXX the STOCKHOLDERS and provide GLOBAL LINC and XXXX the STOCKHOLDERS with the opportunity to contest such disclosure, or (iii) the disclosing party reasonably believes that such disclosure is required in connection with the defense of a lawsuit against the disclosing party. In the event of a breach or threatened breach by CONDOR of the provisions of this Section, GLOBAL LINC and XXXX the STOCKHOLDERS shall be entitled to an injunction restraining CONDOR from disclosing, in whole or in part, such confidential information. Nothing herein shall be construed as prohibiting GLOBAL LINC and XXXX the STOCKHOLDERS from pursuing any other available remedy for such breach or threatened breach, including the recovery of damages.

Appears in 1 contract

Samples: Stock Purchase Agreement (Condor Technology Solutions Inc)

CONDOR. CONDOR recognizes and acknowledges that it had in the past, currently has, and in the future may have, access to certain confidential information of GLOBALTITAN, such as operational policies, and pricing and cost policies that are valuable, special and unique assets of GLOBALTITAN's business. CONDOR agrees that, prior to the Closing, or if the transactions contemplated by this Agreement are not consummated, they will not disclose such confidential information to any Personperson, firm, corporation, association or other entity for any purpose or reason whatsoever, except (a) to XXXX and GLOBAL the SELLERS and to authorized representatives of GLOBALTITAN, (b) to counsel and other advisers, provided that such advisors (other than counsel) agree to the confidentiality provisions of this Section 10.2, unless (i) such information becomes known to the public generally through no fault of CONDOR, (ii) disclosure is required by law or the order of any Governmental Authority under color of law; provided, that, prior to disclosing any information pursuant to this clause (ii), CONDOR shall, if possible, give prior written notice thereof to GLOBAL TITAN and XXXX the SELLERS and provide GLOBAL TITAN and XXXX the SELLERS with the opportunity to contest such disclosure, or (iii) the disclosing party reasonably believes that such disclosure is required in connection with the defense of a lawsuit against the disclosing party. In the event of a breach or threatened breach by CONDOR of the provisions of this Section, GLOBAL TITAN and XXXX the SELLERS shall be entitled to an injunction restraining CONDOR from disclosing, in whole or in part, such confidential information. Nothing herein shall be construed as prohibiting GLOBAL TITAN and XXXX the SELLERS from pursuing any other available remedy for such breach or threatened breach, including the recovery of damages.

Appears in 1 contract

Samples: Purchase Agreement (Condor Technology Solutions Inc)

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CONDOR. CONDOR recognizes and acknowledges that it had in the past, currently has, and in the future may have, access to certain confidential information of GLOBALPOWERCREW, such as operational policies, and pricing and cost policies that are valuable, special and unique assets of GLOBALPOWERCREW's business. CONDOR agrees that, prior to the Closing, or if the transactions contemplated by this Agreement are not consummated, they will not disclose such confidential information to any Personperson, firm, corporation, association or other entity for any purpose or reason whatsoever, except (a) to XXXX and GLOBAL the STOCKHOLDERS and to authorized representatives of GLOBALPOWERCREW, (b) to counsel and other advisers, provided that such advisors (other than counsel) agree to the confidentiality provisions of this Section 10.2, unless (i) such information becomes known to the public generally through no fault of CONDOR, (ii) disclosure is required by law or the order of any Governmental Authority under color of law; provided, that, prior to disclosing any information pursuant to this clause (ii), CONDOR shall, if possible, give prior written notice thereof to GLOBAL POWERCREW and XXXX the STOCKHOLDERS and provide GLOBAL POWERCREW and XXXX the STOCKHOLDERS with the opportunity to contest such disclosure, or (iii) the disclosing party reasonably believes that such disclosure is required in connection with the defense of a lawsuit against the disclosing party. In the event of a breach or threatened breach by CONDOR of the provisions of this Section, GLOBAL POWERCREW and XXXX the STOCKHOLDERS shall be entitled to an injunction restraining CONDOR from disclosing, in whole or in part, such confidential information. Nothing herein shall be construed as prohibiting GLOBAL POWERCREW and XXXX the STOCKHOLDERS from pursuing any other available remedy for such breach or threatened breach, including the recovery of damages.

Appears in 1 contract

Samples: Stock Purchase Agreement (Condor Technology Solutions Inc)

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