Common use of Securities Trading Clause in Contracts

Securities Trading. The receiving party agrees to keep the Proprietary Information confidential and to not trade in the disclosing party’s securities in violation of U.S. securities laws based upon such Proprietary Information. In furtherance of the foregoing, each party agrees that it will not trade in the other party’s securities for a period beginning on the date that discussions between the parties relating to a potential Transaction have ceased, and ending on the later of (i) the date that the Proprietary Information no longer constitutes material, non-public information relating to the disclosing party and (ii) the date that is six months after the date that discussions between the parties relating to a potential Transaction have ceased.

Securities Trading. The receiving party agrees to keep the Proprietary Information confidential and to not trade in the disclosing party’s 's securities in violation of U.S. securities laws based upon such Proprietary Information. In furtherance of the foregoing, each party agrees that it will not trade in the other party’s 's securities for a period beginning on the date that discussions between the parties relating to a potential Transaction have ceased, and ending on the later of (i) the date that the Proprietary Information no longer constitutes material, non-public information relating to the disclosing party and (ii) the date that is six months after the date that discussions between the parties relating to a potential Transaction have ceased.