Common use of Receiving Party Obligations Clause in Contracts

Receiving Party Obligations. The Information will be used solely for the purpose of evaluating Receiving Party’s potential purchase of the Property from the Company or its affiliates (the “Transaction”) and not for any other purpose. Receiving Party will protect the Information with a commercially reasonable degree of care in order to prevent the unauthorized use, access or disclosure of its own confidential and proprietary information. The Information will be kept strictly confidential in accordance with the terms hereof by Receiving Party and its Representatives and will not be disclosed by Receiving Party or its Representatives to any other person except (i) as may be consented to by the Company in writing, (ii) if required by applicable law, regulation or legal or judicial process, subject to paragraph 4 below, and (iii) that Receiving Party may disclose the Information or portions thereof to those of its Representatives who need to know such Information for the purpose of evaluating the Transaction, but only to the extent necessary to evaluate the Transaction and only if such Representatives are advised of the confidential nature of such Information and the terms of this letter agreement. Receiving party will be responsible for any failure to comply with the terms of this letter agreement by Receiving Party or its Representatives, and Receiving Party agrees to take all commercially reasonable measures to restrain its Representatives from prohibited or unauthorized disclosure or use of the Information.

Receiving Party Obligations. The Information will be used solely for the purpose of evaluating Receiving Party’s potential purchase of the Property from the Company or its affiliates (the “Transaction”) and not for any other purpose. Receiving Party will protect the Information with a commercially reasonable degree of care in order to prevent the unauthorized use, access or disclosure of its own confidential and proprietary informationthe Information. The Information will be kept strictly confidential in accordance with the terms hereof by Receiving Party and its Representatives and will not be disclosed by Receiving Party or its Representatives to any other person except (i) as may be consented to by the Company in writing, (ii) if required by applicable law, regulation or legal or judicial process, subject to paragraph 4 below, and (iii) that Receiving Party may disclose the Information or portions thereof to those of its Representatives who need to know such Information solely for the purpose of evaluating the Transaction, but only to the extent necessary to evaluate the Transaction and only if such Representatives are advised of the confidential nature of such Information and the terms of this letter agreementAgreement. Receiving party Party will be responsible for any failure to comply with the terms of this letter agreement Agreement by Receiving Party or its Representatives, and Receiving Party agrees to take all commercially reasonable measures to restrain prevent its Representatives from prohibited or unauthorized disclosure or use of the Information.