Common use of Reservation of Rights; Confidentiality Clause in Contracts

Reservation of Rights; Confidentiality. Participant acknowledges and agrees that neither the provision of the Loral Notification nor any communications related thereto between Loral and Participant, nor Participant’s delivery of an Exchange Notice in response to the Loral Notification, may affect the right of Loral or the holders of its Common Stock to subsequently determine not to pursue or enter into any agreement or arrangement relating to a Loral Only Change of Control on any terms, or to change the Loral Only Change of Control Consideration. Participant further agrees that Participant (i) will keep the Loral Notification and the matters stated therein or related thereto strictly confidential and not disclose them to any third party, and (ii) upon request from Loral, enter into a customary confidentiality agreement with Loral relating to any information provided in the Loral Notification or otherwise provided by Loral that is related thereto.

Appears in 13 contracts

Samples: Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Non Qualified Share Options/Tandem Sars), Grant Agreement (Loral Space & Communications Inc.)

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