Permitted Use of Confidential Information. The receiving Party may not use the Confidential Information directly or indirectly for any purpose other than the purpose for which it was originally disclosed, or for any purposes which could be deemed to be adverse to or competitive with the disclosing Party’s business. Notwithstanding the foregoing and anything to the contrary in this Agreement, nothing contained herein shall impair Buyer’s right (or the right of any permitted assignee or Lodging Fund REIT III, Inc. (“Parent”)) to disclose information relating to this Agreement, the Contribution Agreement, or the Property (a) to any due diligence representatives and/or consultants that are engaged by, work for or are acting on behalf of, any securities dealers, investment advisors and/or broker-dealers evaluating Buyer, its permitted assignees or Parent, (b) in connection with any filings with governmental agencies (including the Securities and Exchange Commission) by Parent, (c) to any broker-dealers or investment advisors in Parent’s selling group and any of Parent’s investors, including pursuant to the confidential offering memorandum used in connection with Parent’s ongoing private offering, and (d) to the public as long as such information does not specifically disclose the identity of the Contributor or the Property if such disclosure occurs before the end of the Due Diligence Period.
Permitted Use of Confidential Information. Recipient will have the right to, and agrees that it will, use Discloser’s Confidential Information solely for the purposes of (i) fulfilling its obligations under this Agreement; and (ii) exercising its rights under this Agreement.
Permitted Use of Confidential Information. 5.3.1 Each Applicant hereby grants to NGen a right to hold and use Confidential Information for the purpose of reviewing, processing, making enquiries about, assessing, referring or otherwise dealing with the Application throughout the Application Process (the “Permitted Use”).
5.3.2 With respect to its use of Confidential Information, during the Term of this Agreement and for a period of 10 years thereafter, NGen will:
(a) use the Confidential Information only for the Permitted Use or as otherwise expressly permitted under this Agreement;
(b) take reasonable steps to ensure that Confidential Information is held in strict confidence, by using the same standard of care NGen uses to protect its information of a similar nature, which in any event shall not be less than a reasonable standard of care;
Permitted Use of Confidential Information. Recipient shall receive and use the Confidential Information only for performance of Recipient's obligations hereunder, and will not use Confidential Information for any other purpose, and shall not disclose such Confidential Information to any person or persons who do not need to have knowledge of such Confidential Information in the course of their employment.
Permitted Use of Confidential Information. The Bidder shall only use Confidential Information for the purposes for which it was originally disclosed and only as expressly permitted by the terms and conditions of this Agreement.
Permitted Use of Confidential Information. The Receiving Party shall not use any Confidential Information, directly or indirectly, for its own benefit, except for the explicit purpose of effectuating this Agreement. No other use of Confidential Information is permitted except as set forth in this Article 15.
Permitted Use of Confidential Information. Contractor may use Confidential Information only to accomplish the purposes of this Agreement, including any Order. Contractor may disclose Confidential Information only to Contractor’s employees and consultants on a need-to-know basis, provided that such employees and consultants agree to maintain the confidentiality of the Confidential Information.
Permitted Use of Confidential Information. 5.3.1 Each Applicant hereby grants to NGen a right to hold and use Confidential Information for the purpose of reviewing, processing, making enquiries about, assessing, referring or otherwise dealing with the Application throughout the Application Process (the “Permitted Use”).
5.3.2 With respect to its use of Confidential Information, during the Term of this Agreement and for a period of 10 years thereafter, NGen will:
(a) use the Confidential Information only for the Permitted Use or as otherwise expressly permitted under this Agreement;
(b) take reasonable steps to ensure that Confidential Information is held in strict confidence, by using the same standard of care NGen uses to protect its information of a similar nature, which in any event shall not be less than a reasonable standard of care;
(c) except as specifically permitted by this Agreement, will not disclose Confidential Information to any third party without the prior consent of the Applicant who disclosed such Confidential Information;
(d) limit the access to the Confidential Information to those of its Representatives who have a need to know such Confidential Information to support NGen in the Permitted Use, provided that such Representatives (i) have been advised by NGen of the confidential nature of the Confidential Information, and (ii) are bound in writing by confidentiality and restricted use obligations substantially similar to those set forth herein;
(e) upon termination of this Agreement or earlier upon request of an Applicant, will cease to use the Confidential Information and promptly return (or destroy, as instructed by Applicants) any document (and any copies thereof) in its possession containing Confidential Information, except for (i) one copy in respect of each piece of Confidential Information, which may be retained by NGen for lawful purposes, and (ii) Confidential Information that is stored in any automatic electronic archiving or backup system of NGen, provided however that every such retained copy shall remain subject to the provisions of this Section 5.
Permitted Use of Confidential Information. Confidential Information may be used by a receiving party solely for internal purposes in considering and working on the Project. Confidential Information will be kept confidential and not disclosed by the receiving party to any other person, except that it may be disclosed to: the directors, officers, employees, agents, and professional advisers of the receiving party, or its affiliates, who require access to such information in connection with considering and working on the Project; or third parties as authorized in writing by the disclosing party. If the receiving party discloses Confidential Information to any person under section 3(a)(i) above, the receiving party will be responsible for that person’s use of the Confidential Information and will take all reasonable measures to ensure that person is aware of the confidential nature of the Confidential Information and does not further disclose the Confidential Information. Notwithstanding section 3(a) above, a disclosure of Confidential Information by the receiving party in accordance with or in response to an order of a court of competent jurisdiction, a governmental body or as required by law will not be considered a breach of this agreement or a waiver of the parties obligations regarding confidentiality, provided that the receiving party uses best efforts to provide prompt advance notice of said judicial or other governmental action to the disclosing party to enable the disclosing party the opportunity (consistent with the legal obligation of the receiving party) to exhaust all reasonable legal remedies to maintain the Confidential Information in confidence. The parties acknowledge that if the disclosing party labels Confidential Information as such prior to disclosure to the receiving party, this may assist the disclosing party in exercising reasonable legal remedies.
Permitted Use of Confidential Information. Nothing contained herein will in any way restrict or impair any party's right to use, disclose or otherwise deal with any Confidential Information which:
