Common use of Legally Required Disclosure of Information Clause in Contracts

Legally Required Disclosure of Information. If either Party or any of its respective Group members or Representatives becomes legally required to disclose any Information (the “Disclosing Party”) that it is otherwise obligated to hold in strict confidence pursuant to Section 6.1, such Party shall promptly notify the Person that owns or has a duty not to disclose the Information (the “Owning Party”) and shall use all commercially reasonable efforts to cooperate with the Owning Party so that the Owning Party may seek a protective order or other appropriate remedy and/or waive compliance with this Section 6.2. All expenses reasonably incurred by the Disclosing Party in seeking a protective order or other remedy shall be borne by the Owning Party. If such protective order or other remedy is not obtained, or if the Owning Party waives compliance with this Section 6.2, the Disclosing Party shall (a) disclose only that portion of the Information that its legal counsel advises it is compelled to disclose or otherwise stand liable for contempt or suffer other similar significant corporate censure or penalty, (b) use all commercially reasonable efforts to obtain reliable assurance requested by the Owning Party that confidential treatment shall be accorded such Information, and (c) promptly provide the Owning Party with a copy of the Information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such Information was disclosed.

Appears in 6 contracts

Samples: Master Separation Agreement (Photowatt Technologies Inc.), Master Separation Agreement (Tim Hortons Inc.), Master Separation Agreement (Photowatt Technologies Inc.)

AutoNDA by SimpleDocs

Legally Required Disclosure of Information. If either Party any party or any of its respective Group members or Representatives becomes legally required to disclose any Information (the “Disclosing Party”) that it is otherwise obligated to hold in strict confidence pursuant to Section 6.14.1, such Party shall party will promptly notify the Person that owns or has a duty not to disclose the Information (the “Owning Party”) ), and shall will use all commercially reasonable efforts to cooperate with the Owning Party so that the Owning Party may seek a protective order or other appropriate remedy and/or waive compliance with this Section 6.24.2. All expenses reasonably incurred by the Disclosing Party in seeking a protective order or other remedy shall upon the written request of the Owning Party will be borne by the Owning Party. If such protective order or other remedy is not obtained, or if the Owning Party waives compliance with this Section 6.24.2, the Disclosing Party shall will (a) disclose only that portion of the Information that which its legal counsel advises it is compelled to disclose or otherwise stand liable for contempt or suffer other similar significant corporate censure or penalty, (b) use all commercially reasonable efforts to obtain reliable assurance requested by the Owning Party that confidential treatment shall will be accorded such Information, and (c) promptly provide the Owning Party with a copy of the Information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such Information was disclosed.

Appears in 4 contracts

Samples: Master Separation and Distribution Agreement (Manitowoc Foodservice, Inc.), Master Separation and Distribution Agreement (Manitowoc Co Inc), Master Separation and Distribution Agreement (Manitowoc Foodservice, Inc.)

AutoNDA by SimpleDocs

Legally Required Disclosure of Information. If either Party or any of its respective Group members or Representatives becomes legally required to disclose any Information information (the “Disclosing Party”) that it is otherwise obligated to hold in strict confidence pursuant to Section 6.1Sections 4.2(a) or 4.2(b), such Party shall will promptly notify the Person that owns or has a duty not to disclose the Information other Party (the “Owning Party”) and shall will use all commercially reasonable efforts to cooperate with the Owning Party so that the Owning Party may seek a protective order or other appropriate remedy and/or waive compliance with this Section 6.24.2. All expenses reasonably incurred by the Disclosing Party in seeking a protective order or other remedy shall will be borne by the Owning Party. If such protective order or other remedy is not obtained, or if the Owning Party waives compliance with this Section 6.24.2, the Disclosing Party shall will (a) disclose only that portion of the Information that information which its legal counsel advises it is compelled to disclose or otherwise stand liable for contempt or suffer other similar significant corporate censure or penalty, (b) use all commercially reasonable efforts to obtain reliable assurance requested by the Owning Party that confidential treatment shall will be accorded such Informationinformation, and (c) promptly provide the Owning Party with a copy of the Information information so disclosed, in the same form and format so disclosed, together with a list of all Persons to whom such Information information was disclosed.

Appears in 4 contracts

Samples: Contribution and Distribution Agreement (Lender Processing Services, Inc.), Contribution and Distribution Agreement (Fidelity National Information Services, Inc.), Contribution and Distribution Agreement (Lender Processing Services, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!