Customer Records. Landlord is not being given, nor is Landlord expected to have access to, any records or information about Tenant’s customers that is subject to the Xxxxx-Xxxxx-Xxxxxx Act or any other applicable federal or state Law protecting the privacy of banking customers (“Customer Records”), and it is Tenant’s sole obligation to comply with any such Laws and to protect the confidentiality of its records and information relating to its customers. In the event Landlord takes possession of any Customer Records due to an Event of Default, whether such Customer Records are in paper, electronic, or other format, Xxxxxxxx’s sole obligation with respect to such records or information is to use commercially reasonable efforts to secure such Customer Records and to promptly notify Tenant, at the Tenant Notice Address, of the location of such Customer Records. Notwithstanding anything to the contrary contained in this Lease, Tenant shall be entitled to take possession of such Customer Records. In no event shall the Customer Records become the property of Landlord; and, until such time as Landlord is able to return the Customer Records to Tenant, Landlord shall continue to securely store and maintain the Customer Records, at Tenant’s sole cost and expense; provided, in no event shall Landlord access, read or use the Customer Records for any purpose. The obligations contained in this Section 50 shall survive the expiration or sooner termination of this Lease.
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Samples: Purchase and Sale Agreement (Sierra Bancorp), Purchase and Sale Agreement (Sierra Bancorp)
Customer Records. Landlord is not being given, nor is Landlord expected to have access to, any records or information about Tenant’s customers that is subject to the Xxxxx-Xxxxx-Xxxxxx Act or any other applicable federal or state Law protecting the privacy of banking customers (“Customer Records”), and it is Tenant’s sole obligation to comply with any such Laws and to protect the confidentiality of its records and information relating to its customers. In the event that Landlord takes possession of any Customer Records due to an Event of Defaulta default or abandonment by Tenant, whether such Customer Records are in paper, electronic, or other format, XxxxxxxxLandlord’s sole obligation with respect to such records or information is to use commercially reasonable efforts to secure such Customer Records and to promptly notify Tenant, at the Tenant Tenant’s Notice Address, of the location of such Customer Records. Notwithstanding anything to the contrary contained in this Lease, Tenant shall be entitled to take possession of such Customer Records. In no event shall the Customer Records become the property of Landlord; Landlord and, until such time as in the event that Landlord is able unable to return the Customer Records to Tenant, Landlord shall continue to securely store and maintain the Customer Records, at Tenant’s sole cost and expense; provided, in no event shall Landlord access, read or use the Customer Records for any purpose. The obligations contained in this Section 50 36 shall survive the expiration or sooner termination of this Lease. .
Appears in 1 contract
Customer Records. Landlord is not being given, nor is Landlord expected to have access to, any records or information about Tenant’s customers that is subject to the Xxxxx-Xxxxx-Xxxxxx Act or any other applicable federal or state Law protecting the privacy of banking customers (“Customer Records”), and it is Tenant’s sole obligation to comply with any such Laws and to protect the confidentiality of its records and information relating to its customers. In the event Landlord that Xxxxxxxx takes possession of any Customer Records due to an Event of Defaulta default or abandonment by Xxxxxx, whether such Customer Records are in paper, electronic, or other format, XxxxxxxxLandlord’s sole obligation with respect to such records or information is to use commercially reasonable efforts to secure such Customer Records and to promptly notify Tenant, at the Tenant Notice Address, of the location of such Customer Records. Notwithstanding anything to the contrary contained in this Lease, Tenant shall be entitled to take possession of such Customer Records. In no event shall the Customer Records become the property of Landlord; Landlord and, until such time as in the event that Landlord is able unable to return the Customer Records to Tenant, Landlord shall continue to securely store and maintain the Customer Records, at Tenant’s sole cost and expense; provided, in no event shall Landlord access, read or use the Customer Records for any purpose. The obligations contained in this Section 50 47 shall survive the expiration or sooner termination of this Lease.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Atlantic Union Bankshares Corp)