Common use of Procedures Upon Termination Clause in Contracts

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, written notice shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. In addition: (a) Each party will return to the party furnishing the same or destroy all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to the Transaction, whether obtained before or after the execution hereof; and (b) All information received by either party with respect to the business of the other party (other than information that is a matter of public knowledge or that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority or as required by law) shall not at any time be used for any business purpose or disclosed by such party to third persons.

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. In addition: If this Agreement is terminated as provided herein: (a) Each party will shall return to the party furnishing the same or destroy all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating related to the Transactiontransactions contemplated hereby, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) All information received by either party hereto with respect to the business of the other party (other than information that which is a matter of public knowledge or that which has heretofore been published in any publication for public distribution or filed as public information with any governmental authority or as required by lawauthority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. In addition:If this Agreement is terminated as provided herein; (a) Each party will return to the party furnishing the same or destroy all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to the Transactionthis transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) All information received by either party thereto with respect to the business of the other party (other than information that is a matter of public knowledge or that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority or as required by law) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.

Procedures Upon Termination. In the event of termination pursuant to the terms of this Agreement, and except as otherwise stated herein, written notice thereof shall be given to the other party, and this Agreement shall terminate immediately upon receipt of such notice unless an extension is consented to by the party having the right to terminate. In additionIf this Agreement is terminated as provided herein: (a) Each party will return to the party furnishing the same or destroy all documents, work papers and other materials of the other party, including photocopies or other duplications thereof, relating to the Transactionthis transaction, whether obtained before or after the execution hereof, to the party furnishing the same; and (b) All information received by either party thereto with respect to the business of the other party (other than information that is a matter of public knowledge or that has heretofore been published in any publication for public distribution or filed as public information with any governmental authority or as required by lawauthority) shall not at any time be used for any business purpose by such party or disclosed by such party to third persons.