Commingled Records definition
Commingled Records has the meaning set forth in Section 5.10(b).
Commingled Records means books and records existing as of the Closing used non-exclusively in, or relating non-exclusively to, any Transferred Asset or Assumed Liability, or arising, directly or indirectly, non-exclusively out of the operation or conduct of, the Business, excluding (a) communications specifically relating to the Transaction Agreements and the transactions contemplated thereby, (b) Trade Secrets unrelated to the Business, any Transferred Asset or any Assumed Liability, and (c) materials prepared for Seller’s board of directors that are inextricably commingled with information unrelated to the Business, any Transferred Asset or any Assumed Liability.
Commingled Records shall have the meaning set forth in Section 2.14.2.
Examples of Commingled Records in a sentence
This Section 7.14 shall not provide any Party or any of their respective Affiliates or Representatives with any rights to use or disclose any information contained within any Commingled Records not otherwise retained or obtained pursuant to this Agreement.
QDS shall retain copies of all Commingled Records and comply with the aforesaid provisions for at least seven years after the Closing Date.