Common use of Restricted Use of Confidential Information Clause in Contracts

Restricted Use of Confidential Information. Recipient agrees that the Confidential Information (a) shall be kept confidential by Recipient and Recipient's affiliates, officers, employees, agents, consultants, advisors, representative and all others whom Recipient provides directly or indirectly information obtained subject to this Agreement (“Recipient’s Representatives” and (b) shall not be disclosed by Recipient or Recipient's Representatives to any person or entity, except with the specific prior written consent of the Company or except as expressly otherwise permitted by the terms of this Agreement. It is understood that Recipient may disclose Confidential Information to only those of Recipient's Representatives who (i) require such material for the purpose of evaluating a possible transaction, (ii) are informed by Recipient of the confidential nature of the Confidential Material and the obligations of this Agreement, and (iii) agree to keep the Confidential Information confidential in accordance with the restrictions contained in this Agreement. Recipient further agrees that Recipient and Recipient's Representatives will not use any of the Confidential Information for any reason or purpose other than to evaluate a potential purchase of assets from the Receiver. Recipient also agrees to be responsible for any breach of this Agreement by Recipient’s Representatives.

Appears in 9 contracts

Samples: Confidentiality and Nondisclosure Agreement, Confidentiality and Nondisclosure Agreement, Confidentiality and Nondisclosure Agreement

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Restricted Use of Confidential Information. Recipient agrees that the Confidential Information (a) shall be kept confidential by Recipient and Recipient's affiliates, officers, employees, agents, consultants, advisors, representative and all others whom Recipient provides directly or indirectly information obtained subject to this Agreement (“Recipient’s Representatives”) and (b) shall not be disclosed by Recipient or Recipient's Representatives representatives to any person or entity, except with the specific prior written consent of the Company or except as expressly otherwise permitted by the terms of this Agreement. It is understood that Recipient may disclose Confidential Information to only those of Recipient's Representatives who (i) require such material for the purpose of evaluating a possible transaction, (ii) are informed by Recipient of the confidential nature of the Confidential Material and the obligations of this Agreement, and (iii) agree to keep the Confidential Information confidential in accordance with the restrictions contained in this Agreement. Recipient further agrees that Recipient and Recipient's Representatives will not use any of the Confidential Information for any reason or purpose other than to evaluate a potential purchase of assets from the Receiver. Recipient also agrees to be responsible for any breach of this Agreement by Recipient’s Representatives.

Appears in 6 contracts

Samples: Confidentiality and Nondisclosure Agreement, Confidentiality and Nondisclosure Agreement, Confidentiality and Nondisclosure Agreement

Restricted Use of Confidential Information. The Recipient agrees that the Confidential Information (a) shall will be kept confidential by the Recipient and the Recipient's affiliates, officers, employees, agents, consultants, advisors, representative and all others whom Recipient provides directly or indirectly information obtained subject to this Agreement (“Recipient’s Representatives” representatives and (b) shall without limiting the foregoing, will not be disclosed by the Recipient or the Recipient's Representatives representatives to any person or entity, except with the specific prior written consent of the Company or except as expressly otherwise permitted by the terms of this AgreementSection 0. It is understood that the Recipient may disclose Confidential Information to only those of the Recipient's Representatives representatives who (i) require such material for the purpose of evaluating a possible transactionthe Transaction, and (ii) are informed by the Recipient of the confidential nature of the Confidential Material Information and the obligations of this Agreement, and (iii) agree to keep the Confidential Information confidential in accordance with the restrictions contained in this AgreementSection 0. The Recipient further agrees that the Recipient and the Recipient's Representatives representatives will not use any of the Confidential Information either for any reason or purpose other than to evaluate a potential purchase the Transaction or in any way detrimental to the Provider (it being acknowledged that any use other than evaluation of assets from and negotiating the ReceiverTransaction will be deemed detrimental). The Recipient also agrees to be responsible for any breach enforcing the terms of this Agreement Section 0 as to the Recipient's representatives and the confidentiality of the Confidential Information and to take such action, legal or otherwise, to the extent necessary to cause them to comply with the terms and conditions of this Section 0 and thereby prevent any disclosure of the Confidential Information by any of the Recipient’s Representatives's representatives (including all actions that the Recipient would take to protect its own trade secrets and confidential information).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sequiam Corp), Asset Purchase Agreement (Sequiam Corp)

Restricted Use of Confidential Information. Recipient agrees that the Confidential Information (a) shall be kept confidential by Recipient and Recipient's affiliates, officers, employees, agents, consultants, advisors, representative and all others whom Recipient provides directly or indirectly information obtained subject to this Agreement (“Recipient’s Representatives”) and (b) shall not be disclosed by Recipient or Recipient's Representatives representatives to any person or entity, except with the specific prior written consent of the Company or except as expressly otherwise permitted by the terms of this Agreement. It is understood that Recipient may disclose Confidential Information to only those of Recipient's Representatives who (i) require such material for the purpose of evaluating a possible transaction, (ii) are informed by Recipient of the confidential nature of the Confidential Material and the obligations of this Agreement, and (iii) agree to keep the Confidential Information confidential in accordance with the restrictions contained in this Agreement. Recipient further agrees that Recipient and Recipient's Representatives will not use any of the Confidential Information for any reason or purpose other than to evaluate a potential purchase of assets from the ReceiverSpecial Master. Recipient also agrees to be responsible for any breach of this Agreement by Recipient’s Representatives.

Appears in 1 contract

Samples: Confidentiality and Nondisclosure Agreement

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Restricted Use of Confidential Information. Recipient agrees that the Confidential Information (a) shall be kept confidential by Recipient and Recipient's affiliates, officers, employees, agents, consultants, advisors, representative and all others whom Recipient provides directly or indirectly information obtained subject to this Agreement (“Recipient’s Representatives” and (b) shall not be disclosed by Recipient or Recipient's Representatives to any person or entity, except with the specific prior written consent of the Company or except as expressly otherwise permitted by the terms of this Agreement. It is understood that Recipient may disclose Confidential Information to only those of Recipient's Representatives who (i) require such material for the purpose of evaluating a possible transaction, (ii) are informed by Recipient of the confidential nature of the Confidential Material and the obligations of this Agreement, and (iii) agree to keep the Confidential Information confidential in accordance with the restrictions contained in this Agreement. Recipient further agrees that Recipient and Recipient's Representatives will not use any of the Confidential Information for any reason or purpose other than to evaluate a potential purchase of assets from the Receiverpossible transaction. Recipient also agrees to be responsible for any breach of this Agreement by Recipient’s Representatives.

Appears in 1 contract

Samples: Confidentiality and Nondisclosure Agreement

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