Common use of Property Information and Confidentiality Clause in Contracts

Property Information and Confidentiality. (a) Purchaser agrees that, prior to the Closing, all Property Information has been and will continue to be kept strictly confidential and shall not, without the prior consent of Seller, be disclosed by Purchaser or Purchaser’s Representatives, in any manner whatsoever, in whole or in part, and will not be used by Purchaser or Purchaser’s Representatives, directly or indirectly, for any purpose other than evaluating the Premises. Moreover, Purchaser agrees that, prior to the Closing, the Property Information has been and will be transmitted only to Purchaser’s Representatives (i) who need to know the Property Information for the purpose of evaluating the Premises, and who are informed by the Purchaser of the confidential nature of the Property Information and (ii) who agree in writing to be bound by the terms of this Section 24 and Section 14(d). Prior to the delivery or disclosure of any Property Information to Purchaser’s Representatives at any time prior to the Closing, Purchaser agrees to notify Seller as to their identity and to furnish Seller with their written assumption and adoption of the terms of this Section 24 and Section 14(d), all in the form annexed hereto as Exhibit “F” and made a part hereof. The provisions of this Section 24(a) shall in no event apply to Property Information which is a matter of public record and shall not prevent Purchaser from complying with Laws, including, without limitation, governmental regulatory, disclosure, tax and reporting requirements.

Appears in 1 contract

Samples: Lease Agreement (Santander Bancorp)

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Property Information and Confidentiality. (a) Purchaser agrees that, prior to the Closing, all Property Information has been and will continue to be kept strictly confidential and shall not, without the prior consent of Seller, be disclosed by Purchaser or Purchaser’s Representatives, in any manner whatsoever, in whole or in part, and will not be used by Purchaser or Purchaser’s Representatives, directly or indirectly, for any purpose other than evaluating the Premises. Moreover, Purchaser agrees that, prior to the Closing, the Property Information has been and will be transmitted only to Purchaser’s Representatives (i) who need to know the Property Information for the purpose of evaluating the Premises, and who are informed by the Purchaser of the confidential nature of the Property Information and (ii) who agree in writing to be bound by the terms of this Section 24 and Section 14(d). Prior to the delivery or disclosure of any Property Information to Purchaser’s Representatives at any time prior to the Closing, Purchaser agrees to notify Seller as to their identity and to furnish Seller with their written assumption and adoption of the terms of this Section 24 and Section 14(d), all in the form annexed hereto as Exhibit “FE” and made a part hereof. The provisions of this Section 24(a) shall in no event apply to Property Information which is a matter of public record and shall not prevent Purchaser from complying with Laws, including, without limitation, governmental regulatory, disclosure, tax and reporting requirements.

Appears in 1 contract

Samples: Lease Agreement (Santander Bancorp)

Property Information and Confidentiality. (a) Purchaser Buyer agrees that, prior to the Closing, all Property Information has been and will continue to shall be kept strictly confidential and shall not, without the prior consent of Seller, be disclosed by Purchaser Buyer or PurchaserBuyer’s Representatives, in any manner whatsoever, in whole or in part, to any Person other than Buyer’s accountants, legal advisors and other professionals and to Buyer’s current and/or prospective lenders and investors (collectively, “Permitted Disclosure Parties”), and will not be used by Purchaser Buyer or PurchaserBuyer’s Representatives, directly or indirectly, for any purpose whatsoever other than evaluating the PremisesAssets and seeking to complete the Closing. Moreover, Purchaser Buyer agrees that, prior to the Closing, the Property Information has been and will be transmitted only to PurchaserBuyer’s Representatives (i) and to those other Permitted Disclosure Parties who need to know the Property Information for the purpose of evaluating the PremisesAssets, and who are informed by the Purchaser Buyer of the confidential nature of the Property Information and (ii) who (with the exception of Buyer’s professionals and lender) agree in writing to be bound by the terms of this Section 24 21 and Section 14(d17(c). Prior to the delivery or disclosure of any Property Information to PurchaserBuyer’s Representatives (other than Buyer’s professionals or lender) at any time prior to the Closing, Purchaser Buyer agrees to notify Seller as to their identity and to furnish Seller with their written assumption and adoption of the terms of this Section 24 21 and Section 14(d17(c), all in the a form annexed hereto as Exhibit “F” and made a part hereofreasonably acceptable to Seller. The provisions of this Section 24(a21(a) shall in no event apply to Property Information which is a matter of public record and shall not prevent Purchaser Buyer from complying with Laws, including, without limitation, governmental regulatory, disclosure, tax and reporting requirements.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Steadfast Apartment REIT, Inc.)

Property Information and Confidentiality. (a) Each of Seller and Purchaser (for purposes of this Section 21, each a "Confidential Party") agrees that, prior to the Closing, all Property Information has been and will continue to shall be kept strictly confidential and shall not, without the prior consent of Sellerthe other, be disclosed by Purchaser such Confidential Party or Purchaser’s such Confidential Party's Representatives, in any manner whatsoever, in whole or in part, and will not be used by Purchaser such Confidential Party or Purchaser’s such Confidential Party's Representatives, directly or indirectly, for any purpose other than evaluating and consummating the Premisestransactions contemplated by this Agreement (including, with respect to Purchaser, any assignment or designation described in subsection 20(a)). Moreover, Purchaser each Confidential Party agrees that, prior to the Closing, the Property Information has been and will be transmitted only to Purchaser’s such Confidential Party's Representatives (iand, in the case of DLIP, any permitted potential assignee or designee of DLIP's rights under this Agreement and such assignee's or designee's Representatives and the Representatives of such assignee's or designee's potential lenders) who need to know the Property Information for the purpose of evaluating the Premisestransactions contemplated by this Agreement or the financing thereof, and who are informed by the Purchaser such Confidential Party of the confidential nature of the Property Information and (ii) who agree and, in writing to be bound by the terms of this Section 24 and Section 14(d). Prior to the delivery or disclosure case of any Property Information to Purchaser’s Representatives at any time prior to the Closingpermitted potential assignee or designee of DLIP's rights under this Agreement, Purchaser agrees to notify Seller as to their identity and to furnish Seller with their written assumption and adoption of the terms of this Section 24 and Section 14(d), all who have entered into a confidentiality agreement substantially in the form annexed of Exhibit V attached hereto or in such other form as Exhibit “F” is mutually and made a part hereofreasonably acceptable to Seller and DLIP). The provisions of this Section 24(a) 21 shall in no event apply to Property Information which is a matter of public record and shall not prevent Purchaser a Confidential Party from complying with Lawsany laws or governmental ordinances, rules, regulations, orders or requirements, including, without limitation, governmental regulatory, disclosure, tax and reporting requirements.

Appears in 1 contract

Samples: Agreement (Boston Properties Inc)

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Property Information and Confidentiality. (a) Purchaser agrees that, prior to the Closing, all Property Information has been and will continue to shall be kept strictly confidential and shall not, without the prior consent of Seller, be disclosed by Purchaser or Purchaser’s 's Representatives, in any manner whatsoever, in whole or in partpart to any third-party (other than Purchaser's Representatives and to the extent reasonably necessary, to Purchaser's lenders, insurers, investors, attorneys, accountants, professional consultants and prospective lenders, insurers and investors, and such other persons for which disclosure is reasonably necessary to obtain the Governmental Approvals and accomplish the Redevelopment Project), and will not be used by Purchaser or Purchaser’s 's Representatives, directly or indirectly, for any purpose other than evaluating the Premises. Moreover, Purchaser agrees that, prior to the Closing, the Property Information has been and will be transmitted only to Purchaser’s 's Representatives (i) who need to know the Property Information for the purpose of evaluating the PremisesPremises and consummating the transaction hereunder, and who are informed by the Purchaser of the confidential nature of the Property Information and (ii) who agree in writing to be bound by the terms of this Section 24 and Section 14(d). Prior to the delivery or disclosure of any Property Information to Purchaser’s Representatives at any time prior to the Closing, Purchaser agrees to notify Seller as to their identity and to furnish Seller with their written assumption and adoption of the terms of this Section 24 and Section 14(d), all in the form annexed hereto as Exhibit “F” and made a part hereofInformation. The provisions of this Section 24(a22(a) shall (i) in no event apply to Property Information which is a matter of public record and shall or obtained from other sources, (ii) not prevent Purchaser or Purchaser's Representatives from complying with Laws, including, without limitation, governmental regulatory, disclosure, tax tax, reporting requirements and reporting requirementsany judicial decree, mandate or order and (iii) not prevent the use of the Property Information in any arbitration, mediation, judicial or similar proceeding involving a dispute between Seller and Purchaser with respect to this Agreement or the transactions contemplated herein.

Appears in 1 contract

Samples: Sale Purchase Agreement (Readers Digest Association Inc)

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