Recipient Obligations definition

Recipient Obligations. The Recipient will: Protect the confidentiality of all Confidential Information with at least the same amount of caution as the Recipient would protect its own Confidential Information, but never with less than a professional degree of care Not use the Disclosing Party’s Confidential Information, or permit it to be used, for any reason other than the Purpose Not share any such Confidential Information to any person or entity except to the Recipient’s Representatives who: Need to know the Confidential Information to help or act on the behalf of the Recipient Are informed by the Recipient of the sensitive nature of the Confidential Information; and Are subject to confidentiality agreements to the Recipient that are no less restrictive than the terms of this Agreement Be responsible for any violation of this Agreement caused by any of its Representatives Additional Confidentiality Obligations. Except as required by federal, state, or local law, neither Party will disclose or permit any of its Representatives to disclose to any other person: That the Confidential Information has been shared with it or its Representatives That negotiations may be or are underway between both Parties around the Confidential Information or the Purpose; or Any terms or conditions that are in discussion or negotiation in relation to the Confidential Information or the Purpose Required Disclosure. Any disclosure by the Recipient or its Representatives of any of the Disclosing Party’s Confidential Information under federal, state, or local law will be subject to the terms of this Section. Before sharing any of this information the Recipient will make efforts to provide the Disclosing Party with: Immediate written notice so that the Disclosing party can seek, at their own expense and cost, a protective order or other remedy; and Reasonable assistance, at the Disclosing Party’s expense, in opposing such disclosure or seeking a protective order.
View Source

Examples of Recipient Obligations in a sentence

  • Recipient Obligations The Recipient agrees to support the Project in accordance with the Agreement.

  • Upon termination of this Agreement for any reason the provisions of Clauses 1 (Definitions), 2.3 to 2.5 (inclusive) (No transfer and reservation of rights), 3.1 to 3.3 (inclusive), 3.6 and 3.7 (Recipient Obligations), 4 (Reporting and Intellectual Property), 5 (Publication), 5.5 (Limitations and Exclusions), 7 (Duration and Termination), 8 (General), 9 (Notices), and 10 (Governing Law) shall remain in force.

  • In addition, each party agrees to take all actions reasonably requested by the other party in order to ensure that Recipient actually receives the benefit of the Recipient Accounts Receivable and Recipient actually bears the burden of the Recipient Obligations.

  • The Recipient Obligations Subject to Clause 139, the Recipient shall:- not divulge the Confidential Information to any third party other than as provided for in this Confidentiality Agreement; and make no commercial use of the Confidential Information or any part thereof.

  • The Recipient Obligations Subject to Clause 4, the Recipient shall:- not divulge the Confidential Information to any third party other than as provided for in this Confidentiality Agreement; and make no commercial use of the Confidential Information or any part thereof.

Related to Recipient Obligations

  • Settlement Obligations means, in the case of the Buyer, its obligations under clauses 2.5(1) and 5.1(1) and, in the case of the Seller, its obligations under clauses 5.1(1), 5.3(1)(a) – (e) and 5.5;

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Investment Obligations means and include, except as otherwise provided in the Supplemental Indenture providing for the authorization of Bonds, any of the following securities, if and to the extent that such securities are legal investments for funds of the Issuer;

  • Relevant Obligations means the Obligations constituting Bonds and Loans of the Reference Entity outstanding immediately prior to the effective date of the Succession Event, excluding any debt obligations outstanding between the Reference Entity and any of its Affiliates, as determined by the Calculation Agent. The Calculation Agent will determine the entity which succeeds to such Relevant Obligations on the basis of the Best Available Information. If the date on which the Best Available Information becomes available or is filed precedes the legally effective date of the relevant Succession Event, any assumptions as to the allocation of obligations between or among entities contained in the Best Available Information will be deemed to have been fulfilled as of the legally effective date of the Succession Event, whether or not this is in fact the case.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.