Common use of Seller Confidentiality Agreements Clause in Contracts

Seller Confidentiality Agreements. Within ten (10) Business Days following the date hereof, Seller shall request that all Persons who executed a confidentiality agreement with HFSG or any of its Affiliates since January 1, 2016 relating to the potential sale of the Business (each, a “Seller Confidentiality Agreement”) return or destroy all confidential information heretofore furnished to such Person by or on behalf of Seller or its Affiliates in accordance with the terms of such Seller Confidentiality Agreement. Following the Closing, Seller shall notify Buyer in the event that it becomes aware of a breach of any Seller Confidentiality Agreement, and, if so directed by Buyer, shall enforce its rights under such Seller Confidentiality Agreement for Buyer’s benefit, at Buyer’s sole expense.

Appears in 2 contracts

Samples: Stock and Asset Purchase Agreement (Hartford Financial Services Group Inc/De), Stock and Asset Purchase Agreement

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Seller Confidentiality Agreements. Within ten (10) Business Days following the date hereof, Seller shall request that all Persons who executed a confidentiality agreement with HFSG Seller or any of its Affiliates since January 1, 2016 2021, relating to the potential sale of the Business (eachCompany or bulk reinsurance transaction involving the Company, a “Seller Confidentiality Agreement”) return or destroy all all‌ confidential information heretofore furnished to such Person by or on behalf of Seller or its Affiliates in accordance with the terms of such Seller Confidentiality Agreementagreement. Following the Closing, Seller shall notify Buyer Purchaser in the event that it Seller becomes aware of a breach of any Seller Confidentiality Agreementsuch agreement, and, if so directed by BuyerPurchaser, shall enforce its rights under such Seller Confidentiality Agreement thereunder for BuyerPurchaser’s benefit, at BuyerPurchaser’s sole expense.

Appears in 1 contract

Samples: Stock Purchase Agreement

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Seller Confidentiality Agreements. Within ten (10) Business Days following the date hereof, Seller shall request that all Persons who executed a confidentiality agreement with HFSG Seller or any of its Affiliates since January 1, 2016 2021, relating to the potential sale of the Business (eachCompany or bulk reinsurance transaction involving the Company, a “Seller Confidentiality Agreement”) return or destroy all all‌ confidential information heretofore furnished to such Person by or on behalf of Seller or its Affiliates in accordance with the terms of such Seller Confidentiality Agreementagreement. Following the Closing, Seller shall notify Buyer Purchaser in the event that it Seller becomes aware of a breach of any Seller Confidentiality Agreementsuch agreement, and, if so directed by BuyerXxxxxxxxx, shall enforce its rights under such Seller Confidentiality Agreement thereunder for BuyerPurchaser’s benefit, at BuyerPurchaser’s sole expense.

Appears in 1 contract

Samples: Stock Purchase Agreement

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