Approved Parties definition
Examples of Approved Parties in a sentence
Furthermore, the Members acknowledge that the Approved Parties have duties not to disclose confidential information of or related to Other Investments.
Approved Parties may use such Records and Documentation solely to evaluate the Signatory’s (and any other Signatory’s) compliance with the terms of this Agreement and/or the then-applicable auditing rules.
The Members agree that the activities of the Approved Parties relating to Other Investments that are contemplated by this Section 6.2(b) are not unreasonable and would not violate any duty of the Approved Parties to the Company or the Members.
In their positions with Other Investments, the Approved Parties may become aware of business opportunities that could be suitable for the Company, but the Members expressly acknowledge that the Approved Parties will not have any duty to disclose to the Company any such business opportunities, whether or not competitive with the Company’s business and whether or not the Company might be interested in such business opportunities for itself.
In connection with the foregoing, the parties hereby agree that it would not be “reasonable” [***]; it being understood, that the limitation on the number of Approved Parties engaged pursuant to this clause (c) by Owner/Servicer shall apply to all “Approved Parties” engaged by any NRZ/OS Entity under any NRZ Servicing/Subservicing Agreement and the NRM Agency Subservicing Agreement.
The Investor Parties shall be jointly and severally responsible for any breach of this Section 3 by any of the Approved Parties or any of their Affiliates or Representatives who receive Confidential Information from the New Director hereunder.
IAB shall use such Records and Documentation only to perform its obligations hereunder and shall disclose such Records and Documentation only to the Approved Parties, all involved Signatories, and to any other third party as required by applicable law.
Notwithstanding anything to the contrary contained in this Agreement, the Company shall be permitted to cause the New Director to withhold sharing any Confidential Information with the Approved Parties, and the New Director shall not share such Confidential Information, as is reasonably determined by the Company on the advice of counsel to be necessary to protect the Company’s attorney-client or other legal and professional privileges.
Furthermore, the Members acknowledge that the Approved Parties have duties not to disclose confidential information of or related to Other Investments (except in the case of LINN as provided in the Development Agreement).
The Members agree that the activities of the Approved Parties relating to Other Investments that are contemplated by this Section 6.2(c) are not unreasonable and the Approved Parties, except in the case of LINN as provided in the Development Agreement, have no duty to the Company or the Members with respect thereto.