Common use of Policyholder Lists Clause in Contracts

Policyholder Lists. Neither Seller nor any of its Affiliates shall, directly or indirectly, other than in the ordinary course of business of the Company, as permitted by the terms of any of the Transaction Agreements or with respect to the Retained Insurance Business, share or provide any policyholder lists or similar information containing personal identifying information of policyholders of the Company with or to any Producers or other Person, or use such lists or information for any purpose, except for the provision of any such information as required by judicial or administrative process or, in the opinion of counsel to Seller or any of its Affiliates, as applicable, by other requirements of Law or by contract. Neither Buyer nor any of its Affiliates shall, directly or indirectly, other than as permitted by the terms of any of the Transaction Agreements, share or provide any policyholder lists or similar information containing personal identifying information of policyholders of the Retained Insurance Business with or to any Producers or other Person or use such lists or information for any purpose, except for the provision of any such information as required by judicial or administrative process or, in the opinion of counsel to Buyer or any of its Affiliates, as applicable, by other requirements of Laws or by contract, it being understood and agreed by the parties that, notwithstanding anything contained herein to the contrary, the Retained Insurance Business and the use and control of all expirations with respect to the Retained Insurance Business will remain the exclusive property of Seller and its Affiliates and will be left in their undisputed possession, subject to applicable Laws and any contractual rights of any Producers.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Protective Life Insurance Co), Stock Purchase Agreement (Torchmark Corp)