Common use of Security Party Clause in Contracts

Security Party. 37.2.2 Subject to Clause 37.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 5 contracts

Samples: Loan Agreement (Diana Containerships Inc.), Fourth Supplemental Agreement (TORM PLC), Fourth Supplemental Agreement (TORM PLC)

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Security Party. 37.2.2 (b) Subject to Clause 37.2.336.2(c), the Borrowers Borrower shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 36.2(a) shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's ’s own confidential information.

Appears in 2 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Security Party. 37.2.2 (b) Subject to Clause 37.2.336.2(c), the Borrowers Borrower shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 36.2(a) shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

Security Party. 37.2.2 37.2.16 Subject to Clause 37.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 1 contract

Samples: Scorpio Tankers Inc.

Security Party. 37.2.2 36.2.2 Subject to Clause 37.2.336.2.3, the Borrowers Borrower shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 36.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's ’s own confidential information.

Appears in 1 contract

Samples: Safe Bulkers, Inc.

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Security Party. 37.2.2 37.2.11 Subject to Clause 37.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Security Party. 37.2.2 37.2.13 Subject to Clause 37.2.3, the Borrowers Borrower shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 1 contract

Samples: Scorpio Bulkers Inc.

Security Party. 37.2.2 36.2.2 Subject to Clause 37.2.336.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 36.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's ’s own confidential information.

Appears in 1 contract

Samples: Secured Loan Agreement (Genco Shipping & Trading LTD)

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