Common use of Limits on Disclosure Clause in Contracts

Limits on Disclosure. Each of the parties hereto (as a receiving party, the “Receiving Party”) agrees, on behalf of itself and its affiliates, agents and representatives, to hold and keep confidential, and not to disclose to any third party (for the avoidance of doubt, “third party” as used herein shall not include any affiliates, agents, representatives, reinsurers or retrocessionaires of, or investors in the Receiving Party), any Confidential Information of the Disclosing Party that it receives or has access to concerning this Reinsurance Agreement or the subject matter hereof (unless requested or required by relevant insurance regulatory authorities or otherwise compelled to do so by applicable law); provided that this provision shall not apply to the extent that such Confidential Information was already in the public domain at the time of disclosure other than as a result of a breach of this Agreement. The Reinsurer further agrees, on behalf of itself and its affiliates, agents and representatives, that it shall not use any underwriting or related information received from the Company, except for the sole purpose of analyzing the risks to be ceded to the Reinsurer hereunder or in the application of the terms of this Reinsurance Agreement. The Receiving Party agrees to abide by any reasonable determination by the Disclosing Party that any information provided to the Receiving Party constitutes confidential and proprietary information.

Appears in 2 contracts

Sources: Quota Share Retrocession Agreement (Insurance Income Strategies Ltd.), Quota Share Retrocession Agreement (Insurance Income Strategies Ltd.)