Common use of Notice of Termination; Return of Documents; Continuing Confidentiality Obligation Clause in Contracts

Notice of Termination; Return of Documents; Continuing Confidentiality Obligation. In the event of termination by either Seller or by Buyer pursuant to this Article 10, written notice thereof shall forthwith be given to the other parties and the transactions contemplated by this Agreement shall be terminated, without further action by any party. If the transactions contemplated by this Agreement are terminated or rescinded as provided herein: (a) Buyer shall return all documents and copies and other material received from Sellers relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to Sellers; and (b) all confidential information received by Buyer with respect to the Business shall be treated in accordance with the Confidentiality Agreement, which shall remain in full force and effect notwithstanding the termination of this Agreement.

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (International Multifoods Corp), Asset Purchase and Sale Agreement (International Multifoods Corp)

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Notice of Termination; Return of Documents; Continuing Confidentiality Obligation. In the event of termination by either Seller SELLER or by Buyer BUYER pursuant to this Article 109, written notice thereof shall forthwith be given to the other parties party and the transactions contemplated by this Agreement shall be terminated, without further action by any party. If the transactions contemplated by this Agreement are terminated or rescinded as provided herein: (a) Buyer BUYER shall return to SELLER or destroy all documents and copies and other material constituting CI under (and as defined in) the Confidentiality Agreement received from Sellers SELLER relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to Sellers; and (b) all confidential information CI received by Buyer BUYER with respect to the Business shall be treated in accordance with the Confidentiality Agreement, which shall remain in full force and effect notwithstanding the termination of this Agreement.

Appears in 1 contract

Samples: Asset Sale Agreement (Del Monte Foods Co)

Notice of Termination; Return of Documents; Continuing Confidentiality Obligation. In the event of termination by either Seller or by Buyer pursuant to this Article 10, written notice thereof shall forthwith be given to the other parties and the transactions contemplated by this Agreement shall be terminated, without further action by any party. If the transactions contemplated by this Agreement are terminated or rescinded as provided herein: : (a) Buyer shall return all documents and copies and other material received from Sellers relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to Sellers; and and -81- <Page> (b) all confidential information received by Buyer with respect to the Business shall be treated in accordance with the Confidentiality Agreement, which shall remain in full force and effect notwithstanding the termination of this Agreement.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement

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Notice of Termination; Return of Documents; Continuing Confidentiality Obligation. In the event of termination by either Seller SELLER or by Buyer BUYER pursuant to this Article 109, written notice thereof shall forthwith be given to the other parties party and the transactions contemplated by this Agreement shall be terminated, without further action by any party. If the transactions contemplated by this Agreement are terminated or rescinded as provided herein: (a) Buyer BUYER shall return all documents and copies and other material received from Sellers SELLER relating to the transactions contemplated hereby, whether so obtained before or after the execution hereof, to SellersSELLER; and (b) all confidential information received by Buyer BUYER with respect to the Business shall be treated in accordance with the Confidentiality Agreement, which shall remain in full force and effect notwithstanding the termination of this Agreement.

Appears in 1 contract

Samples: Asset Sale Agreement (Playtex Products Inc)

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