Common use of Destruction of Confidential Information Clause in Contracts

Destruction of Confidential Information. If Plan Holder does not submit a bid for the Project, then by the date when bids are due Plan Holder shall: destroy all Confidential Information and notify all third parties with which Plan Holder shared Confidential Information that such third parties must immediately destroy all Confidential Information in their possession. If Plan Holder does submit a bid for the Project, then upon receipt of notice from the Authority that it has awarded a contract for the Project and Plan Holder is not the recipient of such award, Plan Holder must immediately: destroy all Confidential Information and notify all third parties with which Plan Holder shared Confidential Information that such third parties must immediately destroy all written Confidential Information in their possession.