Intermediary Party definition
Examples of Intermediary Party in a sentence
The parties hereby agree to keep confidential the names, addresses, telephone numbers, email addresses and related contact information of any person introduced by the Intermediary Party to the Beneficiary Party pursuant to this Agreement, including but not limited to such persons as individuals, companies, corporations, partnerships, limited liability companies, banks, trusts, lenders, borrowers, lending institutions, buyers and sellers.
Such information is the property of the Intermediary Party and shall remain so for the term of this Agreement.
The Beneficiary Party agrees not to circumvent the Intermediary Party or the terms of this Agreement in an attempt to gain unfair advantage, remuneration or consideration to the detriment of the Intermediary Party.
No provision of this Agreement shall require any Securities Intermediary Party to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it.
The Beneficiary Party further agrees that such Beneficiary Party shall not be a lender, investor, distributor, consultant, manager, buyer, seller or counterparty in any business transaction to any company, person, organization, or any affiliated companies, successors in interest or assigns, either directly or indirectly, introduced to such Beneficiary Party by the Intermediary Party without prior written consent of the Intermediary Party.