Common use of Confidentiality and Public Announcements Clause in Contracts

Confidentiality and Public Announcements. Each Party shall keep confidential all information obtained from the other Party in connection with this Agreement and shall not release any information concerning this Agreement and the operations herein provided for, without the prior written consent of the other Party, which consent shall not be unreasonably withheld. Nothing contained herein shall prevent a Party at any time from furnishing information to any governmental agency or regulatory authority or to the public if required by applicable law, provided that the Parties shall advise each other and agree as to content in advance of any public statement which they propose to make and provided further that unless required by applicable law or agreed to by Renaissance, in no event shall Renaissance's name be disclosed in any public statement. If Pinnacle is required by applicable law to make a disclosure of Renassance's name it shall first and prior to any such disclosure, inform Renaissance of the requirement and provide, at Pinnacle's sole cost and expense, a reasonable opinion of Xxxxxxx Xxxxx Verchere (which may be based on an opinion of U.S. counsel with respect to matters of U.S. law) confirming such requirement. Upon receipt of the referenced opinion and again prior to any disclosure. Renaissance shall have the opportunity and a reasonable period of time to make applications directly or as Pinnacle may reasonably arrange to the applicable regulatory authority or stock exchange to limit such disclosure. Without limiting the foregoing, if Pinnacle is required by applicable law to make a disclosure of Renaissance's name, it shall only be entitled to do so hereunder to the minimum number of times required by applicable law.

Appears in 2 contracts

Samples: Survey Agreement (Pinnacle Oil International Inc), Survey Agreement (Pinnacle Oil International Inc)

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Confidentiality and Public Announcements. Each Party shall keep confidential all information obtained from the other Party in connection with this Agreement and shall not release any information concerning this Agreement and the operations herein provided for, without the prior written consent of the other Party, which consent shall not be unreasonably withheld. Nothing contained herein shall prevent a Party at any time from furnishing information to any governmental agency or regulatory authority or to the public if required by applicable law, provided that the Parties shall advise each other and agree as to content in advance of any public statement which they propose to make and provided further that unless required by applicable law or agreed to by Renaissance, in no event shall Renaissance's name be disclosed in any public statement. If Pinnacle is required by applicable law to make a disclosure of RenassanceRenaissance's name it shall first and prior to any such disclosure, inform Renaissance of the requirement and provide, at Pinnacle's sole cost and expense, a reasonable opinion of Xxxxxxx Xxxxx Verchere (which may be based on an opinion of U.S. counsel with respect to matters of U.S. law) confirming such requirement. Upon receipt of the referenced opinion and again prior to any disclosure. , Renaissance shall have the opportunity and a reasonable period of time to make applications directly or as Pinnacle may reasonably arrange to the applicable regulatory authority or stock exchange to limit such disclosure. Without limiting the foregoing, if Pinnacle is required by applicable law to make a disclosure of Renaissance's name, it shall only be entitled to do so hereunder to the minimum number of times required by applicable law.

Appears in 2 contracts

Samples: Agreement (Pinnacle Oil International Inc), Agreement (Pinnacle Oil International Inc)

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