Common use of Access to Parent Information Clause in Contracts

Access to Parent Information. (a) The Parent shall (and shall cause the Acquisition Subsidiary to) permit representatives of the Company to have full access (at all reasonable times, and in a manner so as not to interfere with the normal business operations of the Parent and the Acquisition Subsidiary) to all premises, properties, financial and accounting records, contracts, other records and documents, and personnel, of or pertaining to the Parent and the Acquisition Subsidiary. (b) The Company (i) shall treat and hold as confidential any Parent Confidential Information (as defined below), (ii) shall not use any of the Parent Confidential Information except in connection with this Agreement, and (iii) if this Agreement is terminated for any reason whatsoever, shall return to the Parent all tangible embodiments (and all copies) thereof which are in its possession. For purposes of this Agreement, "Parent Confidential Information" means any confidential or proprietary information of the Parent or any Subsidiary that is furnished in writing to the Company by the Parent or the Acquisition Subsidiary in connection with this Agreement and is labeled confidential or proprietary; provided, however, that it shall not include any information (A) which, at the time of disclosure, is available publicly, (B) which, after disclosure, becomes available publicly through no fault of the Company, (C) which the Company knew or to which the Company had access prior to disclosure or (D) which the Company rightfully obtains from a source other than the Parent or the Acquisition Subsidiary.

Appears in 1 contract

Samples: Merger Agreement (Aslahan Enterprises Ltd.)

AutoNDA by SimpleDocs

Access to Parent Information. (a) The Parent shall (and shall cause the Acquisition Subsidiary Corp. to) permit representatives of the Company to have full access (at all reasonable times, and in a manner so as not to interfere with the normal business operations of the Parent and the Acquisition SubsidiaryCorp.) to all premises, properties, financial and accounting records, contracts, other records and documents, and personnel, of or pertaining to the Parent and the Acquisition Subsidiary.Corp. (b) The Company (i) shall treat and hold as confidential any Parent Confidential Information (as defined below), (ii) shall not use any of the Parent Confidential Information except in connection with this Agreement, and (iii) if this Agreement is terminated for any reason whatsoever, shall return to the Parent all tangible embodiments (and all copies) thereof which are in its possession. For purposes of this Agreement, "'Parent Confidential Information" ' means any confidential or proprietary information of the Parent or any Subsidiary that is furnished in writing to the Company by the Parent or the Acquisition Subsidiary Corp. in connection with this Agreement and is labeled confidential or proprietary; provided, however, that it shall not include any information (A) which, at the time of disclosure, is available publicly, (B) which, after disclosure, becomes available publicly through no fault of the Company, (C) which the Company knew or to which the Company had access prior to disclosure or (D) which the Company rightfully obtains from a source other than the Parent or the Acquisition Subsidiary.Corp.

Appears in 1 contract

Samples: Merger Agreement (Confederate Motors, Inc.)

Access to Parent Information. (a) The Parent shall (and shall cause the Acquisition Subsidiary to) permit representatives of the Company to have full access (at all reasonable times, and in a manner so as not to interfere with the normal business operations of the Parent and the Acquisition Subsidiary) to all premises, properties, financial and accounting records, contracts, other records and documents, and personnel, personnel of or pertaining to the Parent and the Acquisition SubsidiaryParent. (b) The Company (i) shall treat and hold as confidential any Parent Confidential Information (as defined below), (ii) shall not use any of the Parent Confidential Information except in connection with this Agreement, and (iii) if this Agreement is terminated for any reason whatsoever, shall return to the Parent all tangible embodiments (and all copies) thereof which are in its possession. For purposes of this Agreement, "Parent Confidential Information" means any confidential or proprietary information of the Parent or any Subsidiary of the Parent that is furnished in writing to the Company by the Parent or the Acquisition Subsidiary its Subsidiaries in connection with this Agreement and is labeled confidential or proprietaryAgreement; provided, however, that it shall not include any information (A) which, at the time of disclosure, is available publiclypublicly other than as a result of non-permitted disclosure by the Company or their respective directors, officers, or employees, (B) which, after disclosure, becomes available publicly through no fault of the CompanyCompany or their respective directors, officers, or employees, (C) which the Company knew or to which the Company had access prior to disclosure disclosure, as demonstrated by competent evidence, provided that the source of such information is not known by the Company or any subsidiary of the Company to be bound by a confidentiality obligation to the Parent or any Subsidiary or (D) which the Company rightfully obtains from a source other than the Parent or a Subsidiary, provided that the Acquisition source of such information is not known by the Company or any subsidiary of the Company to be bound by a confidentiality obligation to the Parent or any Subsidiary.

Appears in 1 contract

Samples: Securities Exchange Agreement (Lifeapps Brands Inc.)

AutoNDA by SimpleDocs

Access to Parent Information. (a) The Parent shall (and shall cause the Acquisition Subsidiary to) permit representatives of the Company to have full access (at all reasonable times, and in a manner so as not to interfere with the normal business operations of the Parent and the Acquisition Subsidiary) to all premises, properties, financial and accounting records, contracts, other records and documents, and personnel, personnel of or pertaining to the Parent and the Acquisition SubsidiaryParent. (b) The Company (i) shall treat and hold as confidential any Parent Confidential Information (as defined below), (ii) shall not use any of the Parent Confidential Information except in connection with this Agreement, and (iii) if this Agreement is terminated for any reason whatsoever, shall return to the Parent all tangible embodiments (and all copies) thereof which are in its possession. For purposes of this Agreement, "Parent Confidential Information" means any confidential or proprietary information of the Parent or any Subsidiary that is furnished in writing to the Company by the Parent or the Acquisition Subsidiary in connection with this Agreement and is labeled confidential or proprietaryAgreement; provided, however, that it shall not include any information (A) which, at the time of disclosure, is available publiclypublicly other than as a result of non-permitted disclosure by the Company, or its respective directors, officers, or employees, (B) which, after disclosure, becomes available publicly through no fault of the CompanyCompany or its respective directors, officers, or employees, (C) which the Company knew or to which the Company had access prior to disclosure disclosure, provided that the source of such information is not known by the Company to be bound by a confidentiality obligation to the Parent or (D) which the Company rightfully obtains from a source other than the Parent or Parent, provided that the Acquisition Subsidiarysource of such information is not known by the Company to be bound by a confidentiality obligation to the Parent.

Appears in 1 contract

Samples: Acquisition Agreement (Symbid Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!