Common use of Nondisclosure of Proprietary Data Clause in Contracts

Nondisclosure of Proprietary Data. After the Closing, none of the Sellers nor any of their Affiliates or representatives shall, at any time, make use of, divulge or otherwise disclose, directly or indirectly, any Intangible Personal Property or other proprietary data (including, but not limited to, any Customer List, Contract, record or financial information) concerning the Sellers, the Business or the Assets that any Seller or any Affiliate, Associate or representative of any Seller may have learned as a shareholder, employee, officer, director or representative of any of the Sellers. In addition, none of the Sellers nor any of their Affiliates or representatives shall make use of, divulge or otherwise disclose, directly or indirectly, to Persons other than Purchaser, any confidential information concerning the Sellers or the Business and which may have been learned in any such capacity. The provisions of this Section 5.18 shall be in addition to, and not in lieu of, the terms and provisions of Section 12.1.

Appears in 1 contract

Sources: Asset Purchase Agreement (Flight International Group Inc)

Nondisclosure of Proprietary Data. After the Closing, none of the Sellers nor any of their Affiliates or representatives shall, at any time, make use of, divulge or otherwise disclose, directly or indirectly, any Intangible Personal Property or other proprietary data (including, but not limited to, any Customer List, Contract, record or financial information) concerning the SellersCompany, the Business Subsidiaries or the Assets Business that any such Seller or any Affiliate, Associate Affiliate or representative of any such Seller may have learned as a shareholder, employee, officer, director or representative of the Company or any of the SellersSubsidiaries. In addition, none of the Sellers nor any of their Affiliates or representatives shall make use of, divulge or otherwise disclose, directly or indirectly, to Persons other than Purchaser, any confidential information concerning the Sellers Company, the Subsidiaries or the Business and which may have been learned in any such capacity. The provisions of this Section 5.18 5.2 shall be in addition to, and not in lieu of, the terms and provisions of Section 12.1.

Appears in 1 contract

Sources: Stock Purchase Agreement (Stellex Industries Inc)