Common use of Post-Closing Confidentiality of Records Clause in Contracts

Post-Closing Confidentiality of Records. Effective upon the execution of this Agreement, Buyer hereby ratifies the Confidentiality Agreement and agrees to be subject thereto, as if each entity comprising Buyer was a signatory hereto. Effective upon, and only upon, the Closing with respect to a particular Property: 19.4.1 with respect to such information to the extent that it relates solely to such Property and liabilities assumed with respect thereto, (x) Buyer shall have no further obligations of confidentiality to Seller under the Confidentiality Agreement in respect thereof and (y), except to the extent related to the enforcement of its rights or defense of its obligations under this Agreement, Seller hereby agrees to treat such information insofar as it pertains solely to such Property and assumed liabilities with HOUSTON 1139976v.13 respect thereto as confidential information of Buyer in accordance with the terms of the Confidentiality Agreement; and 19.4.2 with respect to such information to the extent that it does not relate solely to such Property and liabilities assumed with respect thereto, such information shall remain subject to the terms and conditions of the Confidentiality Agreement on and after the Closing Date, and Buyer hereby acknowledges its obligation to treat such information as confidential information of Seller in accordance with the terms of the Confidentiality Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

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Post-Closing Confidentiality of Records. Effective upon the execution of this Agreement, Buyer Purchaser hereby ratifies the Confidentiality Agreement and agrees to be subject thereto, as if each entity comprising Buyer was Purchaser were a signatory hereto. Effective upon, and only upon, the Closing with respect to a particular PropertyPurchased Asset: 19.4.1 (a) with respect to such information to the extent that it relates solely to such Property Purchased Asset and liabilities assumed with respect thereto, (x) Buyer Purchaser shall have no further obligations of confidentiality to Seller under the Confidentiality Agreement in respect thereof and (y), except to the extent related to the enforcement of its rights or defense of its obligations under this Agreement, Seller hereby agrees to treat such information insofar as it pertains solely to such Property Purchased Asset and assumed liabilities with HOUSTON 1139976v.13 respect thereto as confidential information of Buyer Purchaser in accordance with the terms of the Confidentiality Agreement; and 19.4.2 (b) with respect to such information to the extent that it does not relate solely to such Property Purchased Asset and liabilities assumed with respect thereto, such information shall remain subject to the terms and conditions of the Confidentiality Agreement on and after the Closing Date, and Buyer Purchaser hereby acknowledges its obligation to treat such information as confidential information of Seller in accordance with the terms of the Confidentiality Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Eagle Rock Energy Partners L P)

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Post-Closing Confidentiality of Records. Effective upon the execution of this Agreement, Buyer Purchaser hereby ratifies the Confidentiality Agreement and agrees to be subject thereto, as if each entity comprising Buyer was Purchaser were a signatory hereto. Effective upon, and only upon, the Closing with respect to a particular Property: 19.4.1 (a) with respect to such information to the extent that it relates solely to such Property and liabilities assumed with respect thereto, (x) Buyer Purchaser shall have no further obligations of confidentiality to Seller under the Confidentiality Agreement in respect thereof and (y), except to the extent related to the enforcement of its rights or defense of its obligations under this Agreement, Seller hereby agrees to treat such information insofar as it pertains solely to such Property and assumed liabilities with HOUSTON 1139976v.13 respect thereto HOUSTON 1151220v.11 as confidential information of Buyer Purchaser in accordance with the terms of the Confidentiality Agreement; and 19.4.2 (b) with respect to such information to the extent that it does not relate solely to such Property and liabilities assumed with respect thereto, such information shall remain subject to the terms and conditions of the Confidentiality Agreement on and after the Closing Date, and Buyer Purchaser hereby acknowledges its obligation to treat such information as confidential information of Seller in accordance with the terms of the Confidentiality Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

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