Common use of Confidentiality Provision Clause in Contracts

Confidentiality Provision. (a) Each party (any disclosing party, the “Disclosing Party” and any receiving party, the “Recipient”) agrees that it will use the Confidential Information (as defined below) of the Disclosing Party solely for the purpose of the transactions evidenced by this Agreement and agrees not to disclose to any third party any such Confidential Information now or hereafter received or obtained by it without the Disclosing Party’s prior written consent; provided, however, that it may disclose such Confidential Information: (i) to its affiliates, subsidiaries, directors, officers, employees, investors, agents and prospective transferees of any of the Purchased Notes or Purchased Warrants with a need to know the Confidential Information for the purposes of the transactions evidenced by this Agreement; (ii) to its accountants, attorneys and other confidential advisors (collectively “Confidential Advisors”) who need to know such information for the purpose of assisting it in connection with the transactions evidenced by this Agreement; (iii) to the extent (A) required by applicable law, rule, regulation, subpoena or in connection with any legal or regulatory proceeding or (B) requested by any governmental or regulatory authority having jurisdiction over such Recipient; provided, that, in the case of the foregoing clause (A) and clause (B), the Recipient will use all reasonable efforts to maintain confidentiality and will (unless otherwise prohibited by law) notify the other party of its intention to make any such disclosure prior to making such disclosure; or (iv) to the extent that such information has been independently acquired or developed by the Recipient without violating any of its respective obligations under this Agreement. Each party agrees to be responsible for any breach of this Agreement by its affiliates and Confidential Advisors and agrees that its affiliates and Confidential Advisors will be advised by it of the confidential nature of such information.

Confidentiality Provision. (a) Each party (any disclosing partyThe Parties agree that all seismic, geological, geophysical and well data acquired from the “Disclosing Party” effective date hereof until June 30, 2003 shall be treated as confidential and any receiving party, the “Recipient”) agrees that it will use the Confidential Information (as defined below) exclusive property of the Disclosing Party solely Parties hereto. No seismic, geological, geophysical or well data shall be shown, conveyed, furnished, given or sold to third Parties without the prior written consent of all Parties who participated in the acquisition of such data. The sale of any data shall be for the purpose joint account of the transactions evidenced Parties who participated in the acquisition of such data and the proceeds from any such sale shall be promptly distributed to the Parties in the proportion that each shared in the cost thereof. These restrictions shall not apply to information which is required to be disclosed by law or the rules of any governmental agency having jurisdiction or is furnished to a bona fide affiliate, bona fide prospective purchaser, mortgagee, prospective mortgagee, lender, prospective lender, attorney or consultant for evaluation or reserve determination purposes nor shall they apply to the distribution of periodic drilling status reports to PI and/or Dwight's (unless any party including third parties to this Agreement participating in the well objects in writing to the Operator to said release) and well sample data which may be released to a bona fide sample library (unless any party participating in the well objects in writing to the Operator to said release); provided, that the disclosing Party advises the party receiving such data of the confidentiality obligations under this Agreement and agrees not to disclose to any third party any such Confidential Information now or hereafter received or obtained by it without the Disclosing Party’s prior written consent; provided, however, that it may disclose such Confidential Information: (i) to its affiliates, subsidiaries, directors, officers, employees, investors, agents and prospective transferees of any of the Purchased Notes or Purchased Warrants with a need to know the Confidential Information for the purposes of the transactions evidenced by this Agreement; (ii) to its accountants, attorneys and other confidential advisors (collectively “Confidential Advisors”) who need to know such information for the purpose of assisting it in connection with the transactions evidenced by this Agreement; (iii) to the extent (A) required by applicable law, rule, regulation, subpoena or in connection with any legal or regulatory proceeding or (B) requested by any governmental or regulatory authority having jurisdiction over such Recipient; provided, that, in the case of the foregoing clause (A) and clause (B), the Recipient will use all reasonable efforts to maintain confidentiality and will (unless otherwise prohibited by law) notify the other party of its intention to make any such disclosure prior to making such disclosure; or (iv) to the extent that such information has been independently acquired or developed by the Recipient without violating any of its respective obligations under this Agreement. Each party agrees to shall be responsible for any disclosures by such party that would constitute a breach of this Agreement Section 7 if made by its affiliates a Party hereto. These restrictions shall not apply to transfer of data between any Party hereto and Confidential Advisors and agrees that its affiliates and Confidential Advisors will be advised any wholly owned subsidiary, partnership or other entity which is solely controlled by it any Party hereto or which is a successor to any Party hereto through acquisition or merger, and/or owns or controls in excess of 50% of the confidential nature common stock of such informationsaid Party. Any person who is furnished information pursuant to this section must agree in writing to be bound by the confidentiality provisions of this Agreement and not to use any of the information for its own benefit.

Confidentiality Provision. From time-to-time Subservicer may be provided non-public personal, confidential or proprietary information of, about or relating to the Company, its parent, subsidiaries or affiliates, their respective customers, or individuals who may become customers of any such entity (a) Each party (collectively, “Confidential Information”). All Confidential Information shall be held in confidence by Subservicer to the same extent and in at least the same manner Subservicer protects Subservicer’s own non-public, confidential or proprietary information. Subservicer shall not disclose, publish, release, transfer or otherwise make available Confidential Information in any disclosing partyform to, or for the “Disclosing Party” and use or benefit of, any receiving partyperson or entity without the Company’s consent. However, the “Recipient”) agrees that it will use Subservicer shall be permitted to disclose relevant aspects of the Confidential Information (as defined below) of to Subservicer’s employees, agents and subcontractors and others, but only to the Disclosing Party solely extent that such disclosure is reasonably necessary for the purpose performance of the transactions evidenced by Subservicer’s duties and obligations under this Agreement and agrees such disclosure is not prohibited by Subtitle A of Title V of the Xxxxx-Xxxxx-Xxxxxx Act (codified at 15 U.S.C. 6801 et seq.), as it may be amended from time to disclose to any third party any such Confidential Information now time (the “GLB Act”), the regulations promulgated thereunder or hereafter received or obtained by it without the Disclosing Party’s prior written consentother applicable law; provided, however, Subservicer shall take all reasonable measures to ensure that it may disclose such Confidential Information: (i) to its affiliates, subsidiaries, directors, officers, employees, investors, agents and prospective transferees of any of the Purchased Notes or Purchased Warrants with a need to know the Confidential Information for the purposes is not disclosed, published, released, transferred, duplicated or otherwise made available to others in contravention of the transactions evidenced by provisions of this Agreement; (ii) to its accountants, attorneys and other confidential advisors (collectively “Confidential Advisors”) who need to know such information for the purpose of assisting it in connection with the transactions evidenced by Agreement or applicable law. The obligations under this Agreement; (iii) to the extent (A) section shall not restrict Subservicer’s disclosure required by any applicable law, rule, regulation, subpoena or in connection with by order of any legal court or regulatory proceeding or government agency (B) requested by any governmental or regulatory authority having jurisdiction over provided that Subservicer shall give prompt notice to the Company of such Recipient; provided, that, in the case of the foregoing clause (Aorder) and clause shall not apply with respect to information that is (B1) developed by Subservicer without violating the provisions of this Agreement, (2) or becomes publicly known (other than through unauthorized disclosure), (3) disclosed by the Recipient will use all reasonable efforts to maintain confidentiality and will (unless otherwise prohibited by law) notify the other party owner of its intention to make any such disclosure prior to making such disclosure; or (iv) to the extent that such information has been independently acquired or developed to a third party free of any obligation of confidentiality, (4) already known by the Recipient Subservicer without violating an obligation of confidentiality other than pursuant to this Agreement or any of its respective obligations under this Agreement. Each party agrees to be responsible for any breach confidentiality agreements entered into before the date of this Agreement between the Company and Subservicer or (5) rightfully received by its affiliates and Subservicer free of any obligation of confidentiality. If the GLB Act, the regulations promulgated thereunder or other applicable law now or hereafter in effect imposes a higher standard of confidentiality to the Confidential Advisors and agrees that its affiliates and Confidential Advisors will be advised by it Information, such standard shall prevail over the provisions of the confidential nature of such informationthis paragraph.