Common use of Exceptions to Confidentiality Obligation Clause in Contracts

Exceptions to Confidentiality Obligation. Notwithstanding the foregoing, each of Novartis and Alcon (and the members of their respective Group) may release or disclose, or permit to be released or disclosed, any Information concerning the Alcon Business (in respect of the obligations of the members of the Novartis Group) or the Novartis Business (in respect of the obligations of the members of the Alcon Group): (a) to their respective Representatives who need to know such Information (who shall be advised of the obligations hereunder with respect to such Information) and (b) to any nationally recognised statistical rating organisation as it reasonably deems necessary, solely for the purpose of obtaining a rating of securities or other debt instruments upon normal terms and conditions; provided, however, that the Party whose Information is being disclosed or released to such rating organisation is promptly notified thereof.

Exceptions to Confidentiality Obligation. Notwithstanding the foregoing, each of Novartis and Alcon Party (and the members of their respective Group) may release or disclose, or permit to be released or disclosed, any Information concerning the Alcon Business (in respect of the obligations of the members of the Novartis Group) or the Novartis Business (in respect of the obligations of the members of the Alcon Group): (a) to their respective Representatives who need to know such Information (who shall be advised of the obligations hereunder with respect to such Information) and (b) to any nationally recognised statistical rating organisation as it reasonably deems necessary, solely for the purpose of obtaining a rating of securities or other debt instruments upon normal terms and conditions; provided, however, that the Party whose Information is being disclosed or released to such rating organisation is promptly notified thereof.

Exceptions to Confidentiality Obligation. Notwithstanding the foregoing, each of Novartis and Alcon Party (and the members of their respective Group) may release or disclose, or permit to be released or disclosed, any Information concerning the Alcon Business (in respect of the obligations of the members of the Novartis Group) or the Novartis Business (in respect of the obligations of the members of the Alcon Group): (a) to their respective Representatives who need to know such Information (who shall be advised of the obligations hereunder with respect to such Information) ); and (b) to any nationally recognised statistical rating organisation as it reasonably deems necessary, solely for the purpose of obtaining a rating of securities or other debt instruments upon normal terms and conditions; provided, however, that the Party whose Information is being disclosed or released to such rating organisation is promptly notified thereof.