Examples of Permitted Party in a sentence
The Sponsored Party is responsible for any unauthorized duplication, disclosure, or use of Confidential Information by a Permitted Party.
Confidential Information in the Sponsored Party’s possession or control includes, in all circumstances, Confidential Information placed by the Sponsored Party, directly or indirectly, into the possession or control of any agent, professional advisor, or Permitted Party.
Any duplication, use, or disclosure of Confidential Information not expressly permitted by this Sponsorship Agreement, including disclosure of Confidential Information to any entity (other than a Permitted Party) developing products or services to interface or interact with or to otherwise facilitate use by Wholesale Customers of the Wholesale Service, is prohibited unless the Sponsored Party obtains the Bank’s written consent.
If the Sponsored Party or a Permitted Party believes that the return or destruction of all Confidential Information under section 10 is not feasible, or if the Sponsored Party or a Permitted Party is required by applicable law or accounting rules or reasonable recordkeeping practices to retain a record copy of any Confidential Information for some period, the Sponsored Party shall notify the Bank in writing of the conditions that make return or destruction infeasible or that require retention.
Purchaser shall be responsible for advising each Permitted Party of the confidential nature of all information related to this Agreement and each of the provisions of this Agreement.