Common use of Provider Duties Clause in Contracts

Provider Duties. In addition to its other obligations with respect to BTC Confidential Information, Provider will: (i) not permit any BTC Confidential Information to be disclosed to any entity that competes with any Lending Fund or any products thereof (including the asset management and principal securities lending divisions of Provider or its asset management and principal securities lending Affiliates) or other clients; (ii) provide access to BTC Confidential Information to its employees only on a need-to-know basis for the provision of Services hereunder and will not provide such access to Confidential Information to any employee who directly services a business that competes now or in the future with the Lending Funds (provided that BTC Data may be provided to Provider employees performing Services on a shared services basis so long as such employees are advised as to Provider’s confidentiality obligations hereunder and instructed to comply therewith and are only permitted to share such BTC Data with other shared services employees); (iii) protect BTC Confidential Information, by configuration of its information and processing systems or by adopting other appropriate measures; and (iv) take such other actions as the Parties may agree from time to time.