Common use of DATA SEPARATION Clause in Contracts

DATA SEPARATION. Prior to the Closing, Seller Parent shall use commercially reasonable efforts and shall cause its Affiliates to use commercially reasonable efforts, with reasonable cooperation from Buyer, to separate sufficiently all personal, private or financial information about individual customers or consumers related to the Acquired Companies and the Associated Assets from any other information of Sellers or their Affiliates, whether by physical or logical separation of such data and information or by the use of contract, administrative, technical or physical oversights, mechanisms and processes, such that the Acquired Companies will comply with all Applicable Laws with respect to the privacy of such data and information. The cost of such separation will be borne by Seller Parent.

Appears in 2 contracts

Sources: Purchase Agreement (Tower Group, Inc.), Purchase Agreement (OneBeacon Insurance Group, Ltd.)