CONFIDENTIAL NATURE OF AGREEMENT. Except for information obtained by Purchaser from third parties or which is otherwise available to the public, Purchaser shall keep all information obtained by Purchaser relative to the Property (including, without limitation, the Due Diligence Documents), as it relates to this transaction, confidential. Purchaser shall have the right to disclose such information notwithstanding such limitation to Purchaser's professionals, consultants, lenders, officers, employees, stockholders, purchasers and affiliates for the sole purpose of evaluating the Property to determine its value and suitability for Purchaser's needs and financing and as may be required by applicable law. Seller shall have the right, in its sole discretion, to terminate this Agreement in the event of a material breach by Purchaser of this Section 6, whereupon Escrow Agent, subject to the provisions of Section 11.3, shall return the Deposit, together with all interest earned thereon, to Purchaser, and both parties shall be released from all further obligations under this Agreement, except for those which expressly survive such termination.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Highwoods Realty LTD Partnership), Purchase and Sale Agreement (Highwoods Properties Inc), Purchase and Sale Agreement (Highwoods Realty LTD Partnership)
