Common use of Privacy/Confidential Information Clause in Contracts

Privacy/Confidential Information. Each party shall keep confidential and shall not divulge to any party, without the other party's prior written consent, the price paid by the Purchaser for the Mortgage Loans, except to the extent that it is reasonable and necessary for either party to do so in working with legal counsel, auditors, taxing authorities or other governmental agencies. Each party shall maintain physical, electronic and procedural safeguards to store, dispose of (if applicable) and secure nonpublic personal information to protect it from unauthorized access, use, disclosure, alteration, loss and destruction. The safeguards used by each party to protect nonpublic personal information shall be no less than those used by such party to protect its own confidential information. Each party shall control access to, and, to the extent reasonably possible, use of, nonpublic personal information and, except as required by law or as otherwise may be specifically permitted, or under ss. 502(e) of the Xxxxx-Xxxxx-Xxxxxx Act (P.L. 106-102) (15 U.S.C. ss. 6802(e)),and accompanying regulations, or by this Agreement, permit access only to individuals who need access in connection with the duties to be performed under this Agreement and shall require such individuals to maintain the confidentiality of such nonpublic personal information. For purposes of this paragraph, the term "nonpublic personal information" shall have the meanings set forth in ss. 509 of the Xxxxx-Xxxxx-Xxxxxx Act (P.L. 106-102) (15 U.S.C. ss. 6809) and implementing regulations thereof. The restrictions set forth herein shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Banc of America Funding 2006-6 Trust), Mortgage Loan Purchase Agreement (Banc of America Funding 2006-5 Trust)

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Privacy/Confidential Information. Each party shall keep confidential and shall not divulge to any party, without the other party's ’s prior written consent, the price paid by the Purchaser for the Mortgage Loans, except to the extent that it is reasonable and necessary for either party to do so in working with legal counsel, auditors, taxing authorities or other governmental agencies. Each party shall maintain physical, electronic and procedural safeguards to store, dispose of (if applicable) and secure nonpublic personal information to protect it from unauthorized access, use, disclosure, alteration, loss and destruction. The safeguards used by each party to protect nonpublic personal information shall be no less than those used by such party to protect its own confidential information. Each party shall control access to, and, to the extent reasonably possible, use of, nonpublic personal information and, except as required by law or as otherwise may be specifically permitted, or under ss. § 502(e) of the XxxxxGxxxx-Xxxxx-Xxxxxx Act (P.L. 106-102) (15 U.S.C. ss. § 6802(e)),and accompanying regulations, or by this Agreement, permit access only to individuals who need access in connection with the duties to be performed under this Agreement and shall require such individuals to maintain the confidentiality of such nonpublic personal information. For purposes of this paragraph, the term "nonpublic personal information" shall have the meanings set forth in ss. § 509 of the XxxxxGxxxx-Xxxxx-Xxxxxx Act (P.L. 106-102) (15 U.S.C. ss. § 6809) and implementing regulations thereof. The restrictions set forth herein shall survive termination of this Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Purchase, Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-2f), Mortgage Loan Purchase, Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-1f)

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Privacy/Confidential Information. Each party shall keep confidential and shall not divulge to any party, without the other party's prior written consent, the price paid by the Purchaser for the Mortgage Loans, except to the extent that it is reasonable and necessary for either party to do so in working with legal counsel, auditors, taxing authorities or other governmental agencies. Each party shall maintain physical, electronic and procedural safeguards to store, dispose of (if applicable) and secure nonpublic personal information to protect it from unauthorized access, use, disclosure, alteration, loss and destruction. The safeguards used by each party to protect nonpublic personal information shall be no less than those used by such party to protect its own confidential information. Each party shall control access to, and, to the extent reasonably possible, use of, nonpublic personal information and, except as required by law or as otherwise may be specifically permitted, or under ss. 502(e) of the XxxxxGramm-XxxxxLeach-Xxxxxx Bliley Act (P.L. 106X.X. 000-102000) (15 00 U.S.C. ss. 6802(e)),and 6802(e), and accompanying regulations, or by this Agreement, permit access only to individuals who need access in connection with the duties to be performed under this Agreement and shall require such individuals to maintain the confidentiality of such nonpublic personal information. For purposes of this paragraph, the term "nonpublic personal information" shall have the meanings set forth in ss. 509 of the XxxxxGramm-XxxxxLeach-Xxxxxx Bliley Act (P.L. 106X.X. 000-102000) (15 00 U.S.C. ss. 6809) and implementing regulations thereof. The restrictions set forth herein shall survive termination of this Agreement.

Appears in 1 contract

Samples: Mortgage Loan Purchase, Warranties and Servicing Agreement (Banc of America Funding 2006-5 Trust)

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