Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereof.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Media General Inc), Asset Purchase Agreement (Lin Television Corp), Asset Purchase Agreement (Media General Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer Parent and Buyer, to their counsel, accountants, financial advisors or lenders, and in the case of Parent and Seller, to their counsel, accountants or financial advisors). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerPurchased Assets; provided, from and however, that after the Closing until Buyer Parent and Buyer may use or disclose any confidential information included in the second Purchased Assets or otherwise reasonably related to the Business or the Purchased Assets and Seller and Parent will be obligated to preserve the confidential information included in the Purchased Assets and otherwise reasonably related to the Business or the Purchased Assets as confidential information of Buyer. If a party (2ndthe "Recipient") anniversary is requested or required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) to disclose the confidential information of another party (the "Disclosing Party"), the Recipient must provide the Disclosing Party with prompt notice of such request(s) so the Disclosing Party may seek an appropriate protective order or other appropriate remedy and/or waive compliance with the confidentiality provisions of this Agreement. In the event that such protective order or other remedy is not obtained, or the Disclosing Party grants a waiver hereunder, the Recipient may furnish that portion (and only that portion) of the Closing Dateconfidential information which it is legally compelled to disclose and must exercise its reasonable efforts to obtain reliable assurance that confidential treatment will be accorded any confidential information so furnished. The obligation of each party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that which (i) is not already generally or becomes available to such party from a source other than such party, (ii) is or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) is required to be disclosed under applicable law or judicial process, but only to the extent it must be disclosed, or (iv) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated hereby. Money damages would be both incalculable and an insufficient remedy for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation breach of this Section 11.2 by a party and any such breach would cause another party irreparable harm. In the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation event of any breach or threatened breach of this Section 11.2 and that the aggrieved 11.2, in addition to any other remedies at law or in equity it may have, a party shall will be entitled to seek, without the requirement of posting a bond or other security, equitable relief, including injunctive relief to prevent a violation or continuing violation hereofand specific performance.
Appears in 2 contracts
Samples: Transition Services Agreement (Lecg Corp), Asset Purchase Agreement (Lecg Corp)
Confidential Nature of Information. Each of Buyer, as a party on the one hand, and Seller, as a party on the other, agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby Contemplated Transactions (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby Contemplated Transactions shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer, to its counsel, accountants, financial advisors or lenders, and in the case of Seller, to its counsel, accountants or financial advisors). No Person shall use any confidential information, including, without limitation, with respect to the Business, any information relating to the Business or customers, suppliers, contractors, subcontractors and licensors, in any manner whatsoever except for (a) the purpose of evaluating the proposed purchase and sale of the BuyerShares or the negotiation or enforcement of this Agreement or any agreement contemplated hereby; (b) where the disclosure of any portion thereof is required by applicable law or determined to be necessary to comply with any Order or Governmental Authorization (but only to the extent so required); PROVIDED, from and after HOWEVER, that such party shall first notify the Closing until other party of any such requirement and, if the second other party desires, shall cooperate with that party to seek approval to prevent or limit such disclosure; (2ndc) anniversary where the disclosure of any portion thereof is required in order to obtain any of the Closing Date, the Seller Parties shall notConsents contemplated hereby, and shall cause their Affiliates not to, disclose to any Person any both parties agree in writing that such disclosure is necessary; (d) where the information concerning the Business that is not already becomes generally available to the public other than as a result of a disclosure by Buyer, Seller or the Acquired Companies; or (“Confidential Information”e) for where the information is or becomes lawfully available to Buyer from a source other than Seller. Notwithstanding the foregoing, after the Closing, Buyer and the Acquired Companies may use or disclose any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information confidential information related to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties Acquired Companies or their Affiliate’s rights), Assets or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofBusiness.
Appears in 2 contracts
Samples: Stock Purchase Agreement (WHX Corp), Stock Purchase Agreement (Worthington Industries Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and herein, the preparation of this Agreement and other related documentsdocuments and the provision of Transition Services and Accounting Services, and, in the event if the transactions contemplated hereby shall are not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith, and, if such transactions are consummated, Buyer will promptly thereafter return to Parent all copies of nonpublic documents and materials which have been furnished by any Seller to Buyer and which do not relate primarily to the Business. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer, to its counsel, accountants, financial advisors or lenders, and in the case of Sellers, to their counsel, accountants or financial advisors). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerPurchased Assets; PROVIDED, from and HOWEVER, that after the Closing until Buyer may use or disclose any confidential information included in the second (2nd) anniversary Purchased Assets or otherwise reasonably related primarily to the Business or the Purchased Assets. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that which (i) is not already generally or becomes available to such party from a source other than such party, (ii) is or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed without protection of confidentiality under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (iv) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Streamline Com Inc), Asset Purchase Agreement (Peapod Inc)
Confidential Nature of Information. Each party hereto agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documentsdocuments shall be held in confidence pursuant to the Confidentiality Agreement, which Confidentiality Agreement shall terminate at Closing. From and after the Closing, each of Partner, the JV Entity and the Company agrees that each such Person will keep confidential and will not disclose or divulge, or, other than in connection with its business relationship with Xxxxxxx and without disclosing or divulging such information to any party other than Xxxxxxx or its subsidiaries expect as permitted by this Section 14.2, use for any purpose, any information obtained from Xxxxxxx or any of its subsidiaries (other than the JV Entity or its subsidiaries) (such information, the “Xxxxxxx Information”), unless such information (a) is known or becomes known to the public in general (other than as a result of a breach of this Section 14.2 by such Person or its controlled Affiliates), (b) is or has been independently developed or conceived by such Person without use of the Xxxxxxx Information, or (c) is or has been made known or disclosed to such Person by a third party without a breach of any obligation of confidentiality such third party may have to Xxxxxxx or its subsidiaries (other than the JV Entity or its subsidiaries); provided, however, that each of Partner, the JV Entity or the Company may disclose confidential information (i) to its attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection with matters related to Xxxxxxx; (ii) as may otherwise be required by law, provided that such Person promptly notifies Xxxxxxx of such disclosure and takes reasonable steps to avoid or minimize the extent of any such required disclosure and, in the event the transactions contemplated hereby shall not be consummatedabsence of a protective order, each party will return provided, further, that such Person discloses only so much of such information to the other party Person requiring disclosure as is required; or parties all copies (iii) in satisfaction of nonpublic documents and materials which have been furnished requests for information in connection therewith. Without with a routine examination by a governmental regulatory authority having jurisdiction over the consent Partner, the JV Entity or the Company or their respective Affiliates, as applicable, that is not specifically targeted at Xxxxxxx or the Xxxxxxx Information, provided that such Person shall advise the governmental regulatory authority of the Buyerconfidential nature of such information. Notwithstanding anything to the contrary herein, the obligations of Partner, the JV Entity and the Company, from and after the Closing until Closing, pursuant to this Section 14.2, shall not apply to, and the second following shall not constitute Xxxxxxx Information: (2ndw) anniversary any information that relates exclusively to the Business; (x) any information constituting a Transferred Asset; (y) any information provided under the License Agreement (which information shall be governed by the terms of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person License Agreement); or (z) any information concerning provided under the Business that is not already generally available to the public Transition Services Agreement (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and which information shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 be governed by the other party, it is agreed that other remedies cannot fully compensate terms of the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofTransition Services Agreement).
Appears in 2 contracts
Samples: Contribution and Investment Agreement (Allscripts Healthcare Solutions, Inc.), Contribution and Investment Agreement
Confidential Nature of Information. Each party agrees that it will Buyer shall treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties Seller during the course of the negotiations leading to the consummation of the transactions transaction as contemplated hereby (whether obtained before or after the date of this AgreementAgreement and whether or not the Closing is completed), the investigation investigations provided for herein herein, and the preparation of this Agreement Agreement. All information obtained by Buyer or Buyer's agents, employees or contractors ("Buyer's Agents") by reason of any inspection of the real Property by Buyer or Buyer's Agents, including, but not limited to, any written reports, field notes and other related documentsdrawings shall be held strictly confidential by Buyer and Buyer's Agents. All inspections and tests performed by Buyer or Buyer's Agents shall be conducted in compliance with all federal, andstate and local laws, in orders, regulations and ordinances. Buyer shall indemnify and hold Seller harmless from any and all losses, liabilities or damages resulting from such activity by Buyer or Buyer's Agents. If the event the transactions transaction herein contemplated hereby shall not be consummated, each party Buyer shall continue to hold such information and documents in strict confidence and will return or deliver to the Seller all such documents, reports, field notes, drawings, including, without limitation, any exhibits, schedules and other party documents obtained independently or parties all copies of nonpublic documents and materials which have been furnished from Seller in connection therewith. Without the consent with this Agreement (or will destroy any of the Buyerforegoing containing any notes or other information developed by Buyer on its own), from without retaining copies thereof. The obligation of Buyer to treat such documents, materials and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that which (a) Buyer can demonstrate was already lawfully in its possession prior to disclosure thereof by Seller, (b) is not already generally available known to the public and did not become so known through any violation of a legal obligation, (“Confidential Information”c) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information became known to the court public through no fault of Buyer, or (d) relates to the assets in xxxxxxxx or the Business subsequent to Closing. Buyer shall not in court in a non-public session or in pleadings filed under seal where any event use, nor permit anyone else to use, such information obtained from Seller that it is reasonably feasible and would not materially prejudice bound to keep confidential to facilitate competition with Seller. Notwithstanding the Seller Parties or their Affiliate’s rights)foregoing, or as Buyer shall be permitted to release such public statements concerning the transactions contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party Agreement, and to pursue all make such other legal and equitable rights available to it for violation of this Section 11.2 public disclosures, as may be required by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereoflaw.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Newcor Inc), Asset Purchase Agreement (Newcor Inc)
Confidential Nature of Information. Each party Party agrees that for a period of three years after the Closing, it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties Party during the course of the negotiations leading to the consummation of the transactions contemplated hereby by this Agreement (whether obtained before or after the date of this Agreement), the investigation provided for herein in this Agreement and the preparation of this Agreement and other related documentsdocuments (and in the case of Seller, this confidentiality obligation shall prohibit its disclosure, reproduction or use of such information of or relating to the Company or the Business), and, in the event if the transactions contemplated hereby shall in this Agreement are not be consummated, each party Party will return to the other party or parties Party all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer, to its counsel, accountants, financial advisors or lenders, and in the case of Seller, to its counsel, accountants or financial advisors). No Party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerPurchased Interests and the Business; provided, from and however, that after the Closing until Closing, Buyer may use or disclose any confidential information included in the second (2nd) anniversary Business or otherwise reasonably related to the Business. The obligation of the Closing Dateeach Party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (i) is or becomes available to such Party from a source other than the Business that other Party, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such Party or its agents, (“Confidential Information”iii) for is independently developed by Seller or any reason or purpose whatsoeverof its Affiliates, except as compelled by applicable Law, as reasonably (iv) is required to exercise be disclosed under applicable Law (including the Securities Act, the Exchange Act and any Gaming Laws or the requirements of any stock market or exchange), judicial process or financial reporting requirements under GAAP, (v) such Party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated hereby, or (vi) is disclosed or used by Seller or any of its Affiliates to enforce any or protect its rights under this Agreement or any Ancillary Agreements (provided thatAgreement, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rightsTax or other regulatory filings, including disclosing such Confidential Information litigation, financial reporting or any other reasonable business purpose. Prior to the court Closing, in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible the event of any conflict between the terms of the Confidentiality Agreement and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation terms of this Section 11.2 by Agreement, the other party, it is agreed that other remedies cannot fully compensate terms of the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party Confidentiality Agreement shall be entitled to injunctive relief to prevent a violation or continuing violation hereofprevail.
Appears in 1 contract
Samples: Interest Purchase Agreement (Full House Resorts Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event if the transactions contemplated hereby shall are not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer, to its counsel, accountants, financial advisors or lenders, and in the case of Seller, to its counsel, accountants or financial advisors). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerPurchased Assets; provided, from and however, that after the Closing until Buyer may use or disclose any confidential information included in the second Purchased Assets or otherwise reasonably related to the Business or the Purchased Assets; provided, further, that to the extent that a Person receiving confidential information hereunder may become legally compelled to disclose any of such confidential information, such Person (2nda) anniversary may only disclose such information if it will first have used commercially reasonable efforts to, and, if practicable, will have afforded the other party the opportunity to, obtain an appropriate protective order or other satisfactory assurance of confidential treatment for the information required to be so disclosed and (b) if such protective order or other remedy is not obtained, or the other party waives such Person’s compliance with the provisions of this Section 11.2, it will only furnish that portion of the Closing Dateconfidential information which is legally required to be so disclosed. The obligation of each party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that (i) which is not already or becomes generally available to the public other than as a result of a disclosure by the party receiving the confidential information, (“Confidential Information”ii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information that was available to the court in xxxxxxxx or in court in receiving party on a non-public session confidential basis prior to its disclosure by the disclosing party or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights (iii) becomes available to it for violation of this Section 11.2 by the receiving party from a Person other than the disclosing party or its Affiliates who is not, to the receiving party’s knowledge, it is agreed that other remedies cannot fully compensate the aggrieved party for subject to any legally binding obligation to keep such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofinformation confidential.
Appears in 1 contract
Samples: Asset Purchase Agreement (Fountain Powerboat Industries Inc)
Confidential Nature of Information. The Confidentiality Agreement between Xxxxxxx and CBS dated as of January 21, 1999, shall remain in full force and effect to the extent not superseded by this Agreement; provided, however, that if the Closing takes place, the Confidentiality Agreement shall no longer apply to the extent it requires CBS or any of its Affiliates to treat in confidence any documents, materials or other information relating to GCI, GTC, the Limited Partnership or the Station. Each party further hereby agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the BuyerXxxxxxx further agrees that, from and after the Closing until the second (2nd) anniversary of the Closing Date, it will treat in confidence all documents, materials and other information relating to the Seller Parties business, assets, liabilities and operations of the Station which were confidential prior to the Closing. The obligation of each party to treat such documents, materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (a) such party can demonstrate was already lawfully in its possession prior to the Business that disclosure thereof by the other party, (b) is not already generally available known to the public and did not become so known through any violation of a legal obligation, (“Confidential Information”c) for any reason or purpose whatsoeverbecame known to the public through no fault of such party, except as compelled (d) is later lawfully acquired by applicable Lawsuch party from other sources, as reasonably required (e) such party is permitted to exercise or enforce any rights disclose under this Agreement or any Ancillary Agreements (provided thatf) such party is required to disclose, pursuant to judicial order or, in the Seller Parties shallopinion of counsel, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, pursuant to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreementsapplicable law. Without limiting the right of either any party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 10.2 by the any other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 10.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofthereof.
Appears in 1 contract
Confidential Nature of Information. Each party Party agrees that it will treat in confidence all documents, materials and other information which that it shall have obtained regarding the other party or parties Party during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents. Such documents, andmaterials and information shall not be disclosed or communicated to any third Person (other than, in the event case of Buyer, to its counsel, accountants, financial advisors and potential lenders, and in the transactions contemplated hereby case of Sellers, to their counsel, accountants and financial advisors). No Party shall use any confidential information referred to in the second immediately preceding sentence in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the Purchased Assets and the enforcement of its rights hereunder and under the Ancillary Documents; provided, however, that after the Closing, Buyer may use or disclose any confidential information included in the Purchased Assets (including confidential information of the Purchased Entity) and may use or disclose other confidential information that is otherwise reasonably related to the Business, the Purchased Assets or the Purchased Entity. The obligation of each Party to treat such documents, materials and other information in confidence shall not be consummatedapply to any information that (i) is or becomes available to such Party from a source other than the disclosing Party, each party will return to the provided such other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall source was not, and shall cause their Affiliates not tosuch Party would have no reason to believe such source was, disclose subject to any Person any information concerning the Business that a confidentiality obligation in respect of such information, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such Party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rightsjudicial process, including disclosing such Confidential Information the Bankruptcy Case, but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (iv) such Party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Confidential Nature of Information. Each Kinark and the Trustee (on behalf of itself, the Trusts and the Trusts' beneficiaries) each hereby agrees not to make any public disclosure concerning the subject matter of this Agreement or the consideration of the transactions contemplated hereby except in accordance with Section 5.3 hereof. Kinark agrees to use the information it obtains from the Trustee or the Trusts in the course of its due diligence investigation only for the purposes of evaluating the transactions contemplated hereby, Kinark and the Trustee agree that, in the event the transactions contemplated hereby are not consummated, each party agrees that it will treat in confidence all documents, materials and other information which it that each party shall have obtained regarding from the other party regarding Rxxxxx or parties the Trustee or the Trusts, on the one hand, or Kinark, on the other hand, during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement)hereby, the investigation provided for herein by Kinark of Rxxxxx, and the preparation of this Agreement Agreement, and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic non-public documents and materials which that have been furnished in connection therewith. Without However, nothing contained herein shall prohibit either party from (i) using such documents, materials or other information in connection with any action or proceeding brought or any claim asserted by the consent of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose other party with respect to any Person breach of any information concerning the Business that is not already generally available representation, warranty or covenant made in or pursuant to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, ii) supplying or filing (with the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure prior written consent of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed which consent shall not be unreasonably withheld) such documents, materials or other information with any federal, state or local government agency or authority that other remedies cannot fully compensate such party reasonably deems necessary. This Section 5.2 supersedes all previous understandings between the aggrieved party for such a violation of this Section 11.2 and that parties concerning confidential information including the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofConfidentiality Agreement executed July 1, 1994.
Appears in 1 contract
Confidential Nature of Information. Each party agrees Donegal Mutual and Sheboygan Falls agree that, in the event that it the transactions contemplated herein shall not be consummated, each will treat in confidence all documents, materials and other information which that it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein of the other party hereto and the preparation of this Agreement and other related documentsdocuments relating to this Agreement with the exception of any filings made by Donegal Mutual or Sheboygan Falls with the OCI (collectively, andthe “Confidential Information”), in the event the transactions contemplated hereby and shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which the Confidential Information that have been furnished in connection therewith. Without In the consent event that a party hereto becomes legally compelled to disclose any of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason , it shall provide the other party with reasonable notice so that it may seek a protective order or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise other appropriate remedy or enforce any rights under this Agreement or any Ancillary Agreements (provided that, waive compliance with the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation provisions of this Section 11.2 5.2. In the event that such protective order or other remedy is not obtained or that the other party waives compliance with the provisions of this Section 5.2, the first party will furnish only that portion of the Confidential Information that it is advised by opinion of counsel, which counsel shall be reasonably acceptable to the other party, it is agreed legally required and will endeavor to obtain assurance that other remedies cannot fully compensate confidential treatment will be accorded the aggrieved party for such Confidential Information so furnished. Donegal Mutual and Sheboygan Falls agree and acknowledge that a violation breach of the provisions of this Section 11.2 and 5.2 may cause the other party to suffer irreparable damage that could not be adequately remedied by an action at law. Accordingly, each party agrees that the aggrieved other party shall have the right to seek specific performance of the provisions of this Section 5.2 to enjoin a breach or attempted breach of the provisions of this Section 5.2, such right being in addition to all other rights and remedies that are available to each party at law, in equity or otherwise. The foregoing shall be entitled in addition to injunctive relief to prevent a violation or continuing violation hereofthe rights and obligations under the Existing Confidentiality Agreements.
Appears in 1 contract
Samples: Contribution Note Purchase Agreement (Donegal Group Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event if the transactions contemplated hereby shall are not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than each party’s counsel, accountants, financial advisors or lenders). No other party shall use any confidential information in any manner whatsoever except solely for the consent purpose of evaluating the proposed transactions contemplated by this Agreement; provided, however, that after the Closing, the Company may use or disclose any confidential information reasonably related to the Business; provided, further, that to the extent that a Person receiving confidential information hereunder may become required by law or regulation to disclose any of such confidential information, such Person (a) may only disclose such information if it will first have used commercially reasonable efforts to, and, if practicable, will have afforded the other party the opportunity to, obtain an appropriate protective order or other satisfactory assurance of confidential treatment for the information required to be so disclosed and (b) if such protective order or other remedy is not obtained, or the other party waives such Person’s compliance with the provisions of this Section 6.17, it will only furnish that portion of the Buyerconfidential information which is legally required to be so disclosed. The obligation of each party to treat such documents, from materials and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that (i) which is not already or becomes generally available to the public other than as a result of a disclosure by the party receiving the confidential information, (“Confidential Information”ii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information that was available to the court in xxxxxxxx or in court in receiving party on a non-public session confidential basis prior to its disclosure by the disclosing party or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights (iii) becomes available to it for violation of this Section 11.2 by the receiving party from a Person other than the disclosing party or its Affiliates who is not, to the receiving party’s knowledge, it is agreed that other remedies cannot fully compensate the aggrieved party for subject to any legally binding obligation to keep such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofinformation confidential.
Appears in 1 contract
Samples: Asset Purchase Agreement (Lear Corp)
Confidential Nature of Information. Each party agrees that for a period of three (3) years from the Closing, it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event if the transactions contemplated hereby shall are not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer or Parent, to its counsel, accountants, financial advisors or lenders, and in the case of Seller, to its counsel, accountants or financial advisors). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerLLC Interests and the Business; provided, from and however, that after the Closing until Closing, Buyer or Parent may use or disclose any confidential information included in the second (2nd) anniversary Business or otherwise reasonably related to the Business. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (i) is or becomes available to such party from a source other than the Business that other party, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for is independently developed by Seller or any reason or purpose whatsoeverof its Affiliates, except as compelled by applicable Law, as reasonably (iv) is required to exercise be disclosed under applicable law or judicial process, (v) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated hereby, or (vi) is disclosed or used by Seller or any of its Affiliates to enforce any or protect its rights under this Agreement or any Ancillary Agreements (provided thatAgreement, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rightstax or other regulatory filings, including disclosing such Confidential Information litigation, financial reporting or any other reasonable business purpose. Prior to the court Closing, in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible the event of any conflict between the terms of the Confidentiality Agreement and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation terms of this Section 11.2 by Agreement, the other party, it is agreed that other remedies cannot fully compensate terms of the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party Confidentiality Agreement shall be entitled to injunctive relief to prevent a violation or continuing violation hereofprevail.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx cxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereof.
Appears in 1 contract
Samples: Asset Purchase Agreement (Mercury New Holdco, Inc.)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein herein, under the TBA, and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the Buyer, from therewith and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall will not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates tothereafter, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreementsconfidential information contained therein. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereof. Notwithstanding anything to the contrary set forth herein or in any other written or oral understanding or agreement to which the parties hereto are parties or by which they are bound, the parties acknowledge and agree that (i) any obligations of confidentiality contained herein and therein do not apply and have not applied from the commencement of discussions between the parties to the tax treatment and tax structure of the transactions contemplated hereby (and any related transactions or arrangements) (the “Transactions”), and (ii) each party (and each of its employees, representatives, or other agents) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transactions and all materials of any kind (including opinions or other tax analyses) that are provided to such party relating to such tax treatment and tax structure, all within the meaning of Treasury Regulations Section 1.6011-4; provided, however, that each party recognizes that the privilege each has to maintain, in its sole discretion, the confidentiality of a communication relating to the Transactions, including a confidential communication with its attorney or a confidential communication with a federally authorized tax practitioner under Section 7525 of the Code, is not intended to be affected by the foregoing.
Appears in 1 contract
Samples: Asset Purchase Agreement (Fisher Communications Inc)
Confidential Nature of Information. Each party agrees that ---------------------------------- it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of the Buyer, from to its counsel, accountants, financial advisors or lenders, and in the case of the Shareholders, to its counsel, accountants or financial advisors). No Person shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed Merger or the negotiation or enforcement of this Agreement or any agreement contemplated hereby; provided, however, that after -------- ------- the Closing until the second (2nd) anniversary Buyer and the Surviving Corporation may use or disclose any confidential information related to the Surviving Corporation or its assets or business. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (i) is or becomes lawfully available to such party from a source other than the Business that furnishing party, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (iv) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Samples: Agreement of Merger (Aptargroup Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event if the transactions contemplated hereby shall are not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than each party's counsel, accountants, financial advisors or lenders). No other party shall use any confidential information in any manner whatsoever except solely for the consent purpose of evaluating the proposed transactions contemplated by this Agreement; provided, however, that after the Closing, the Buyers may use or disclose any confidential information reasonably related to the Business; provided, further, that to the extent that a Person receiving confidential information hereunder may become required by law or regulation to disclose any of such confidential information, such Person (a) may only disclose such information if it will first have used commercially reasonable efforts to, and, if practicable, will have afforded the other party the opportunity to, obtain an appropriate protective order or other satisfactory assurance of confidential treatment for the information required to be so disclosed and (b) if such protective order or other remedy is not obtained, or the other party waives such Person's compliance with the provisions of this Section 8.17, it will only furnish that portion of the Buyerconfidential information which is legally required to be so disclosed. The obligation of each party to treat such documents, from materials and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that (i) which is not already or becomes generally available to the public other than as a result of a disclosure by the party receiving the confidential information, (“Confidential Information”ii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information that was available to the court in xxxxxxxx or in court in receiving party on a non-public session confidential basis prior to its disclosure by the disclosing party or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights (iii) becomes available to it for violation of this Section 11.2 by the receiving party from a Person other than the disclosing party or its Affiliates who is not, to the receiving party's knowledge, it is agreed that other remedies cannot fully compensate the aggrieved party for subject to any legally binding obligation to keep such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofinformation confidential.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding any of the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documentsdocuments ("Confidential Information"), and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the such other party or parties all copies of nonpublic documents and materials Confidential Information which have been furnished in connection therewith. Without Confidential Information shall not be communicated to any third Person (other than the consent parties' respective counsel, accountants, financial advisors, or environmental consultants). No party shall use any Confidential Information in any manner whatsoever except solely for the purpose of evaluating the Buyerproposed transaction. Notwithstanding the foregoing, from and after the Closing until the second (2nd) anniversary of the Closing DateClosing, Buyer may use or disclose any Confidential Information related to Seller, the Seller Parties Merged Companies or Phoenix of Hendersonville. The obligation of each party to treat Confidential Information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that Confidential Information which (i) is or becomes available to such party from a source other than such party, so long as such source is not already generally under any obligation to treat the Confidential Information confidentially, (ii) is or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (iv) such party reasonably deems disclosure necessary to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Confidential Nature of Information. Each Commencing on the date hereof and until the tenth anniversary of Closing, each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Fjord, to its counsel, accountants, financial advisors or lenders, and in the case of the BuyerMembers, from and to their respective counsel, accountants or financial advisors). No Person shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed transaction or the negotiation or enforcement of this Agreement or any agreement contemplated hereby; provided, that after the Closing until the second (2nd) anniversary Fjord may use or disclose any confidential information related to Xxxxx or its assets or business. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (i) is or becomes lawfully available to such party from a source other than the Business that furnishing party, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court extent it must be disclosed and only after giving notice to the other party as soon in xxxxxxxx or advance as practicable, in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)order to enable that party to seek appropriate alternative remedies and/or limitations, or as (iv) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall are not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which that have been furnished in connection therewith. Without the consent of the Buyer, from therewith and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall will not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates tothereafter, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreementsconfidential material contained therein. Without limiting the right of either any party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the any other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereof. Notwithstanding anything to the contrary set forth herein or in any other written or oral understanding or agreement to which the parties hereto are parties or by which they are bound, the parties acknowledge and agree that (i) any obligations of confidentiality contained herein and therein do not apply and have not applied from the commencement of discussions between the parties to the tax treatment and tax structure of the transactions contemplated hereby (and any related transactions or arrangements) (the “Transactions”), and (ii) each party (and each of its employees, representatives, or other agents) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transactions and all materials of any kind (including opinions or other tax analyses) that are provided to such party relating to such tax treatment and tax structure, all within the meaning of Treasury Regulations Section 1.6011-4; provided, however, that each party recognizes that the privilege each has to maintain, in its sole discretion, the confidentiality of a communication relating to the Transactions, including a confidential communication with its attorney or a confidential communication with a federally authorized tax practitioner under Section 7525 of the Code, is not intended to be affected by the foregoing.
Appears in 1 contract
Samples: Asset Purchase Agreement (Fisher Communications Inc)
Confidential Nature of Information. Each party hereto agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent Such documents, materials and information shall not be disclosed to any other party or Person; provided that either party hereto may disclose such documents, materials and information to any of its counsel, accountants or financial advisors who are informed of the Buyerconfidentiality provisions contained herein, from it being understood that such disclosing party shall be liable to the other party hereto for any disclosure or use of such documents, materials and after the Closing until the second (2nd) anniversary information in violation of the Closing Dateterms hereof by any of its counsel, accountants or financial advisors. Neither party hereto shall use any confidential information in any manner whatsoever except solely for the Seller Parties purpose of evaluating the proposed purchase and sale of the Purchased Assets and the assumption of the Assumed Obligations. The obligation of each party to treat such documents, materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (a) is or becomes available to such party from a source other than the Business that other party, (b) is not already generally or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”c) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce judicial process, or to any rights under this Agreement Governmental Body having regulatory authority over such party or any Ancillary Agreements (provided thatits Affiliates, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (d) such party reasonably deems necessary to disclose in order to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (FlexShopper, Inc.)
Confidential Nature of Information. Each party agrees The following paragraph is subject to any disclosure requirements under the Bankruptcy Code or imposed by the Bankruptcy Court: Buyer and Sellers each agree that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party at the request of the disclosing party, will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such non-public documents, materials and information shall not be communicated to any third Person (other than to Buyer’s and Seller’s counsel, accountants or financial advisors, in each case subject to the consent recipient’s agreement to keep the same confidential). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerPurchased Assets; provided, from and however, that after the Closing until Closing, Buyer may use or disclose any confidential information included in the second (2nd) anniversary Purchased Assets or otherwise reasonably related to the Purchased Assets and the Business. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (i) is or becomes available to such party from a source other than the Business that disclosing party, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such party or its agents or (“Confidential Information”iii) for is required to be disclosed under applicable law or judicial process, but only to the extent it must be disclosed. Notwithstanding clause (iii) of the preceding sentence, in the event that any reason or purpose whatsoever, except as compelled party is required to disclose any confidential information by applicable Lawlaw, as reasonably required to exercise judicial process or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure rule of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other partynational securities exchange, it is agreed that the party subject to such requirement will provide the other remedies cannot fully compensate the aggrieved party for with prompt notice of such a violation of this Section 11.2 requirement and that the aggrieved such party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofmay seek an appropriate protective order if it so desires.
Appears in 1 contract
Samples: Asset Purchase Agreement (Universal Access Global Holdings Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documentsTransaction Documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the Buyer, from and after the Closing until the second therewith (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved than one copy which each party shall be entitled to injunctive relief retain solely for archival purposes). Such documents, materials and information shall not be communicated to prevent any Third Party (other than its counsel, accountants, financial advisors or consultants. No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed transaction; provided, however, that after the Closing Date, Buyer may use or disclose any confidential information included in the assets of the Company and the Subsidiaries as of the Closing Date or otherwise reasonably related to the assets or the business of the Company and its Subsidiaries. The obligation of each party to treat such documents, materials and other information in confidence shall not apply to any information which (i) is or becomes legally available to such party from a violation source other than such party, (ii) is or continuing violation hereofbecomes legally available to the public other than as a result of disclosure by such party or its agents, (iii) is required to be disclosed under applicable Law or judicial process, but only to the extent it must be disclosed, or (iv) such party reasonably deems necessary to disclose to obtain any of the Consents or approvals contemplated hereby. This Agreement shall supersede the Confidentiality Agreement with respect to information concerning the Company and the Subsidiaries.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Good Times Restaurants Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer, to its counsel, accountants, financial advisors or lenders, and in the case of Seller, to its counsel, accountants or financial advisors). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerPurchased Assets; PROVIDED, from and HOWEVER, that after the Closing until Buyer may use or disclose any confidential information included in the second (2nd) anniversary Purchased Assets or otherwise reasonably related to the Business or the Purchased Assets, but Buyer may not use or disclose any information not reasonably related to the Business. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that which (i) is not already generally or becomes available to such party from a source other than such party, (ii) is or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (iv) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that it will shall treat in confidence all documents, materials materials, and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby by this Agreement (whether obtained before or after the date of this Agreement), the investigation provided for herein ) and the preparation of this Agreement and other related documents. The obligation of each party to treat such documents, and, materials and other information in the event the transactions contemplated hereby confidence shall not be consummated, each apply to any information which (a) such party will return can demonstrate was already lawfully in its possession prior to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably required to exercise or enforce any rights under this Agreement or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 thereof by the other party, (b) is known to the public and did not become so known through any violation of a legal obligation, (c) became known to the public through no fault of such party, (d) is later lawfully acquired by such party from other sources, (e) is required to be disclosed under the provisions of any Federal, state or local statute or regulation issued by a duly authorized agency, board or commission thereof or (f) is required to be disclosed by a rule or order of any court of competent jurisdiction. Each party agrees, if it is agreed that other remedies cannot fully compensate breaches any of the aggrieved party for such a violation terms of this Section 11.2 10.14, it will consent to the issuance of a temporary and/or permanent injunction by any court of competent jurisdiction enjoining such party from continuing to breach the terms of this Section 10.14. Notwithstanding the provisions of this Section, Buyer shall have the right to disclose any information as it deems necessary in conjunction with obtaining financing for the transactions contemplated in this Agreement or an offer of securities of AAPC, including, without limitation, a description of the Seller's business and that products, an inclusion of financial statements, and other financial information regarding the aggrieved party shall be entitled to injunctive relief to prevent a violation Seller, or continuing violation hereofthe Purchased Business.
Appears in 1 contract
Confidential Nature of Information. Each party Party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties Party during the course of the negotiations leading to the consummation of the transactions transaction contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions transaction contemplated hereby shall not be consummated, each party Party will return to the other party or parties Party all copies of nonpublic non-public documents and materials which have been furnished in connection therewiththerewith and shall return or destroy all analyses, compilations, studies or other documents prepared from such information (and confirm to the other Party in writing that it has done so). Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of the Buyer, from to its counsel, accountants, financial advisors, and in the case of the Sellers, to its counsel, accountants or financial advisors, the Target Company and/or the Subsidiaries). No Person shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the Shares or the negotiation or enforcement of this Agreement or any agreement contemplated hereby; provided that after the Closing until the second (2nd) anniversary of the Closing DateClosing, the Seller Parties Buyer, the Target Company and/or the Subsidiaries may, in addition, use or disclose any confidential information related to said Target Company and/or Subsidiaries and/or their assets or business. The obligation of each Party to treat such documents, materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which is or becomes lawfully available to such Party from a source other than the Business that furnishing Party, is not already generally or becomes available to the public (“Confidential Information”) for any reason other than as a result of disclosure by such Party or purpose whatsoeverits agents, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce judicial processor or such Party reasonably deems necessary to disclose to obtain any rights under this Agreement of the consents or any Ancillary Agreements (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights), or as approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of Buyer, to its counsel, accountants, financial advisors or lenders, and in the case of the BuyerSeller, from to its counsel, accountants or financial advisors). The obligation of each party to treat such documents, materials and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (a) such party can demonstrate was already lawfully in its possession prior to the Business that disclosure thereof by the other party, (b) is not already generally available known to the public and did not become so known through any violation of a legal obligation, (“Confidential Information”c) for any reason or purpose whatsoeverbecame known to the public through no fault of such party, except as compelled by applicable Law, as reasonably (d) such party is required to exercise or enforce disclose any rights under this Agreement or any Ancillary Agreements such information pursuant to judicial order or, in the opinion of counsel, pursuant to applicable law (provided that, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rightsmust be so disclosed), or as (e) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreementshereby. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 10.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 10.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereof.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that ---------------------------------- it will treat in confidence all documents, materials and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of the Buyer, from to its counsel, accountants, financial advisors or lenders, and in the case of the Seller, to its counsel, accountants or financial advisors). No Person shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the Shares and the UK Facility or the negotiation or enforcement of this Agreement or any agreement contemplated hereby; provided, however, that after -------- ------- the Closing until the second (2nd) anniversary Buyer and the Company may use or disclose any confidential information related to the Company, its Subsidiaries or their assets or business. The obligation of the Closing Dateeach party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning which (i) is or becomes lawfully available to such party from a source other than the Business that furnishing party, (ii) is not already generally or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as (iv) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereofhereby.
Appears in 1 contract
Confidential Nature of Information. Each party agrees that it will The Design-Builder shall treat all confidential information obtained from the City in confidence all documents, materials the performance of this Design-Build Contract as confidential and other information which it shall have obtained regarding the other party or parties during the course of the negotiations leading proprietary to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return City to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewithextent permitted by law. Without the consent of the Buyer, from and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties shall not, and shall cause their Affiliates not to, disclose to any Person any information concerning the Business that is not already generally available to the public (“Confidential Information”, for purposes of this covenant, means any information and materials which is clearly identified or marked as being “confidential” or “proprietary” or otherwise marked in accordance with applicable federal law by the disclosing party. Confidential Information does not include information which: (1) for was in the public domain at the time of a disclosing party’s communication thereof to the receiving party; (2) entered the public domain through no fault of the receiving party subsequent to the time of the disclosing party’s communication thereof to the receiving party; (3) was in the receiving party’s possession free of any reason or purpose whatsoever, except as compelled by applicable Lawobligation of confidence at the time of the disclosing party’s communication thereof to the receiving party, as evidenced in the receiving parties records; (4) was rightfully communicated by a third party to a receiving party free of any obligation of confidence subsequent to the time of the disclosing party’s communication thereof to the receiving party; (5) was developed by employees or agents of the receiving party independently of and without reference to any proprietary information or other information that the disclosing party has disclosed in confidence to the receiving party; (6) is approved for release by written authorization of the disclosing party; or (7) the receiving party reasonably required believes on advice of legal counsel it is legally obligated to exercise disclose by law, rule, regulation, court order, or enforce any rights under this Agreement other compulsory process of a court or any Ancillary Agreements (provided thatother governmental body, provided, however, that in such case, the Seller Parties shallreceiving party shall immediately notify the disclosing party of its intention to disclose (unless the receiving party reasonably believes based on the advice of legal counsel that providing such notice would violate applicable law, and shall cause their Affiliates torule, use their commercially reasonable effortsregulation, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)order, or as contemplated by this Agreement other compulsory process of a court or any Ancillary Agreements. Without limiting the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and governmental body) so that the aggrieved disclosing party shall be entitled to injunctive relief can take such legal action as it deems necessary or appropriate to prevent a violation or continuing violation hereofsuch disclosure.
Appears in 1 contract
Samples: www.govme.org
Confidential Nature of Information. Each party agrees that ---------------------------------- it will treat in confidence all documents, materials and other information which it shall have obtained regarding the any other party or parties during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewithherewith. Without Such documents, materials and information shall not be communicated to any third Person (other than, in the consent case of ACI, to its counsel, accountants, financial advisors or lenders, and in the case of Seller, to its counsel, accountants or financial advisors or lenders). No party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the proposed purchase and sale of the BuyerAcquired Assets and the enforcement of its rights hereunder; provided, from and however, that after the Closing until ACI may use or -------- ------- disclose any confidential information included in the second (2nd) anniversary Acquired Assets and may use other confidential information which is otherwise reasonably related to the Transaction Processing Business or the Acquired Assets for purposes of conducting activities related to the Closing DateAcquired Assets or the Transaction Processing Business. The obligation of each party to treat such documents, the Seller Parties materials and other information in confidence shall not, and shall cause their Affiliates not to, disclose apply to any Person any information concerning the Business that which (a) is not already generally or becomes available to such party from a source other than another party hereto, (b) is or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”c) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a extent it must be disclosed and only to the extent that written notice is given to the non-public session or in pleadings filed under seal where it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)disclosing party, or as (d) such party reasonably deems necessary to disclose to obtain any of the consents or approvals contemplated by this Agreement or any Ancillary Agreements. Without limiting hereby, provided that prior written notice is given to the right of either party to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other non-disclosing party, it is agreed that other remedies cannot fully compensate the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation or continuing violation hereof.
Appears in 1 contract
Samples: Asset Purchase Agreement (Avery Communications Inc)
Confidential Nature of Information. Each party agrees that it will treat in confidence during the period prior to the Closing Date all documents, materials and other information which it shall have obtained regarding the other party or parties and its Affiliates during the course of the negotiations leading to the consummation of the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided for herein and the preparation of this Agreement and other related documents, and, in the event the transactions contemplated hereby shall not be consummated, each party will return to the other party or parties all copies of nonpublic documents and materials which have been furnished in connection therewith. Without the consent of the BuyerSuch documents, from materials and after the Closing until the second (2nd) anniversary of the Closing Date, the Seller Parties information shall not, and shall cause their Affiliates not to, disclose be communicated to any third Person (other than counsel, accountants or financial advisors of FDC and Bank One). No other party shall use any confidential information in any manner whatsoever except solely for the purpose of evaluating the transactions. The obligation of each party to treat such documents, materials and other information in confidence shall not apply to any information concerning the Business that which (i) is or becomes available to such party from a source other than such party provided such source is not already generally known by the recipient to be subject to an obligation of confidentiality with respect to such information, (ii) is or becomes available to the public other than as a result of disclosure by such party or its agents, (“Confidential Information”iii) for any reason or purpose whatsoever, except as compelled by applicable Law, as reasonably is required to exercise be disclosed under applicable law or enforce any rights under this Agreement or any Ancillary Agreements (provided thatjudicial process, the Seller Parties shall, and shall cause their Affiliates to, use their commercially reasonable efforts, at the Buyer’s expense, to limit public disclosure of any Confidential Information in connection with exercising its rights, including disclosing such Confidential Information but only to the court in xxxxxxxx or in court in a non-public session or in pleadings filed under seal where extent it is reasonably feasible and would not materially prejudice the Seller Parties or their Affiliate’s rights)must be disclosed, or as contemplated by this Agreement or any Ancillary Agreements. Without limiting the right of either party (iv) following prior written notice to pursue all other legal and equitable rights available to it for violation of this Section 11.2 by the other partyparty disclosing the nature of the proposed disclosure and the reasons such disclosure is required, it is agreed that other remedies cannot fully compensate such party reasonably deems necessary to disclose to obtain any of the aggrieved party for such a violation of this Section 11.2 and that the aggrieved party shall be entitled to injunctive relief to prevent a violation consents or continuing violation hereofapprovals contemplated hereby. 12.12.
Appears in 1 contract