Property Information and Confidentiality. Buyer agrees that, prior to the Closing, all Property information furnished by Seller to Buyer or discovered by Buyer during the Inspection Period shall be kept strictly confidential and shall not, without the prior written consent of Seller, be disclosed by Buyer or Buyer's representatives, in any manner whatsoever, in whole or in part, and will not be used by Buyer or Buyer's representatives, directly or indirectly, for any purpose other than evaluating the Property for purchase. Moreover, Buyer agrees that, prior to the Closing, such information will be transmitted only to Buyer's representatives (i) who need to know such information for the purpose of evaluating the Property, and who are informed by the Buyer of the confidential nature of such information, and (ii) who agree to be bound by the terms of this Section 16.14. The provisions of this Section 16.14 shall in no event apply to information which is a matter of public record and shall not prevent Buyer from complying with applicable laws, including, without limitation, governmental regulatory disclosure, tax and reporting requirements. The provisions of this Section 16.14 shall survive the Closing or any termination of this Agreement.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Krupp Realty LTD Partnership Iv), Purchase and Sale Agreement (Krupp Realty LTD Partnership Vii)
Property Information and Confidentiality. The Buyer agrees that, prior to the Closing, all Property information furnished by Seller to Buyer or discovered by Buyer during the Inspection Period shall be kept strictly confidential and shall not, without the prior written consent of the Seller, be disclosed by the Buyer or the Buyer's representatives, in any manner whatsoever, in whole or in part, and will not be used by the Buyer or the Buyer's representatives, directly or indirectly, for any purpose other than evaluating the Property for purchaseProperty. Moreover, the Buyer agrees that, prior to the Closing, such information will be transmitted only to the Buyer's representatives (i) who need to know such information for the purpose of evaluating the Property, and who are informed by the Buyer of the confidential nature of such information, information and (ii) who agree to be bound by the terms of this Section 16.1417.12. The provisions of this Section 16.14 17.12 shall in no event apply to information which is a matter of public record and shall not prevent Buyer from complying with applicable laws, including, without limitation, governmental regulatory disclosure, tax and reporting requirements. The provisions of this Section 16.14 shall survive the Closing or any termination of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Krupp Realty LTD Partnership Vii)
Property Information and Confidentiality. The Buyer agrees that, prior to the Closing, all Property information furnished by Seller to Buyer or discovered by Buyer during the Inspection Period shall be kept strictly confidential and shall not, without the prior written consent of the Seller, be disclosed by the Buyer or the Buyer's representatives, in any manner whatsoever, in whole or in part, and will not be used by the Buyer or the Buyer's representatives, directly or indirectly, for any purpose other than evaluating the Property for purchaseProperty. Moreover, the Buyer agrees that, prior to the Closing, such information will be transmitted only to the Buyer's representatives (i) who need to know such information for the purpose of evaluating the Property, and who are informed by the Buyer of the confidential nature of such information, information and (ii) who agree to be bound by the terms of this Section 16.1417.12. The provisions of this Section 16.14 17.12 shall in no event apply to information which is a matter of public record and shall not prevent Buyer from complying with applicable laws, including, without limitation, governmental regulatory disclosure, tax and reporting requirements. The provisions of this Section 16.14 shall survive the Closing or any termination of this Agreement.
Appears in 1 contract
Samples: Stock Purchase Agreement (Krupp Realty LTD Partnership Iv)