Permitted Party definition
Examples of Permitted Party in a sentence
Neither Supplier nor LAC Parent shall, without the prior written consent of GM, solicit offers for, participate in discussions or negotiations relating to, furnish any documentation or other information relating to, or enter into a Change of Control of Supplier or LAC Parent to a Non Permitted Party.
Confidential Information in the Sponsored Party’s possession or control includes, in all circumstances, Confidential Information placed by the Sponsored Party, directly or indirectly, into the possession or control of any agent, professional advisor, or Permitted Party.
The Sponsored Party is responsible for any unauthorized duplication, disclosure, or use of Confidential Information by a Permitted Party.
Any duplication, use, or disclosure of Confidential Information not expressly permitted by this Sponsorship Agreement, including disclosure of Confidential Information to any entity (other than a Permitted Party) developing products or services to interface or interact with or to otherwise facilitate use by Wholesale Customers of the Wholesale Service, is prohibited unless the Sponsored Party obtains the Bank’s written consent.
If Landlord consents to a Transfer, as a condition thereto which the parties hereby agree is reasonable, Tenant shall pay to Landlord fifty percent (50%) of any “Transfer Premium,” as that term is defined in this Section 14.3, received by Tenant from such Transferee (other than any Permitted Party).