Common use of Disclosure to Other Persons; Confidentiality Clause in Contracts

Disclosure to Other Persons; Confidentiality. Agent and each Lender agree that it may deliver copies of any financial statements and other documents or information delivered to it and disclose any other information disclosed to it by or on behalf of Borrower or any Subsidiary of Borrower in connection with or pursuant to this Agreement and the other Loan Documents only to: (i) its directors, officers, employees and professional consultants; (ii) any other Lender; (iii) any Person to which such Lender offers to sell its Note or any part thereof, provided that each such Person agrees in writing to observe the confidentiality standards described in this Section; (iv) any Person to which such Lender sells or offers to sell a participation in all or any part of its Note, PROVIDED that each such Person agrees in writing to observe the confidentiality standards described in this Section; (v) any federal or state regulatory authority having jurisdiction over it; (vi) any other Person to which such delivery or disclosure may be necessary or reasonably appropriate in response to any subpoena or other legal process or investigative demand, and (vii) any other Person in connection with any litigation involving any obligation, right or remedy of Agent or any Lender under the Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement (Innovative Valve Technologies Inc), Loan Agreement (Innovative Valve Technologies Inc), Loan Agreement (Innovative Valve Technologies Inc)

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Disclosure to Other Persons; Confidentiality. Agent and each Lender agree that it may deliver copies of any financial statements and other documents or information delivered to it and disclose any other information disclosed to it by or on behalf of Borrower or any Subsidiary of Borrower in connection with or pursuant to this Agreement and the other Loan Documents only to: (i) its and its affiliates' directors, officers, employees and professional consultants; (ii) any other Lender; (iii) any Person to which such Lender offers to sell its Note or any part thereof, provided that each such Person agrees in writing to observe the confidentiality standards described in this Section; (iv) any Person to which such Lender sells or offers to sell a participation in all or any part of its Note, PROVIDED that each such Person agrees in writing to observe the confidentiality standards described in this Section; (v) any federal or state regulatory authority having jurisdiction over it; (vi) any other Person to which such delivery or disclosure may be necessary or reasonably appropriate legally required in response to any subpoena or other legal process or investigative demanddemand (in which event the Agent or the applicable Lender, as the case may be, shall immediately notify Borrower), and (vii) any other Person in connection with any litigation involving any obligation, right or remedy of Agent or any Lender under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (HCC Insurance Holdings Inc/De/)

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