Common use of Information to Be Held in Confidence Clause in Contracts

Information to Be Held in Confidence. Until the Closing or in the event that the transaction contemplated by this Agreement does not close, the Purchaser (1) will hold and will cause their members, managers, employees, accountants, representatives, affiliates, agents, consultants and advisors to hold in strict confidence all information relating to the SRT-100 Business furnished to Purchaser by Seller or its representatives in connection with the transaction contemplated by this Agreement as well as all information concerning the SRT-100 Business or Seller contained in any analyses, computations, studies or other documents prepared by or on behalf of Purchaser (collectively, the “Information”); provided that the Information shall not include any information which can be shown to be or have become (i) generally available to the public other than as a result of a disclosure by Purchaser or its members, managers, employees, accountants, representatives, agents, consultants or advisors or (ii) available to Purchaser on a non-confidential basis from a source other than Seller; and (2) will not, release or disclose any Information to any other party except in furtherance of the consummation of the transaction contemplated by this Agreement and so long as such parties are informed of the confidential nature of the Information and agree to be bound by the terms and conditions of this paragraph 8.05.