Disclosed Personal Information Clause Samples

Disclosed Personal Information. The Parties acknowledge that they are responsible for compliance at all times with Applicable Privacy Laws which govern the collection, use and disclosure of Personal Information acquired by or disclosed to any Party pursuant to or in connection with this Agreement (the "Disclosed Personal Information").

Disclosed Personal Information. The Parties confirm that the Disclosed Personal Information is necessary for the Buyer Parties to determine whether to proceed with the Transactions and, if the determination is made to proceed with the Transactions, to complete them. The Buyer Parties shall: (i) not use or disclose any Disclosed Personal Information except as required to (A) determine whether to proceed with the Transactions, (B) perform its obligations and exercise its rights under this Agreement, (C) consummate the Transactions, or (D) comply with applicable Laws; (ii) protect any Disclosed Personal Information security safeguards appropriate to the sensitivity of the information; and (iii) within a reasonable period following a decision by either or both Parties not to proceed with the Transactions, destroy or return to the Company all Disclosed Personal Information.

Disclosed Personal Information. The Parties confirm that any Personal Information of Canadians disclosed in connection with the Transaction, including all such Personal Information disclosed prior to the execution of this Agreement (collectively, the "Disclosed Personal Information") is necessary for the purposes of determining if the Purchaser shall proceed with the Transaction and to complete such Transaction. The Parties further confirm that, following consummation of the Transaction, the Disclosed Personal Information is necessary for carrying on the business or activity that is the object of the Transaction. At all times, the Purchaser shall use commercially reasonable efforts to protect the Disclosed Personal Information against loss or theft, as well as unauthorized access, disclosure, copying, use, or modification using security safeguards appropriate to the sensitivity of such information. Prior to Closing, the Purchaser shall not use or disclose the Disclosed Personal Information for any purposes other than those related to determining if it shall proceed with the Transaction, the performance of this Agreement, or the consummation of the Transaction. Following the consummation of the Transaction, the Purchaser (i) shall not use or disclose the Disclosed Personal Information for any purposes other than those for which the information was initially collected, unless additional consent from affected individuals is obtained by the Purchaser, or as otherwise permitted or required by applicable Law; (ii) shall give effect to any withdrawal of consent from the affected individuals with respect to the Disclosed Personal Information subject to legal or contractual restrictions and reasonable notice; and (iii) shall notify the affected individuals within a reasonable time after Closing, that the Transaction has been completed and that their Personal Information has been disclosed to the Purchaser. Upon reasonable notice, the Vendor shall promptly provide the Purchaser with such information and assistance as the Purchaser may reasonably request to prepare and deliver such notice. If the Transaction does not proceed, the Purchaser shall, as instructed by the Vendor, promptly return to the Vendor or securely destroy the Disclosed Personal Information.