Common use of Security Party Clause in Contracts

Security Party. Subject to Clause 37.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 6 contracts

Sources: Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)

Security Party. Subject to Clause 37.2.336.2(c), the Borrowers Borrower shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 36.2(a) shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's ’s own confidential information.

Appears in 2 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Amending and Restating Agreement (Safe Bulkers, Inc.)

Security Party. Subject to Clause 37.2.336.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 36.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's ’s own confidential information.

Appears in 1 contract

Sources: Secured Loan Agreement (Genco Shipping & Trading LTD)

Security Party. Subject to Clause 37.2.3, the Borrowers Borrower shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Bulkers Inc.)

Security Party. 37.2.2 Subject to Clause 37.2.3, the Borrowers shall procure that the recipient of information disclosed pursuant to Clause 37.2.1 shall keep such information confidential and shall not disclose it to anyone and shall ensure that all such information is protected with security measures and a degree of care that would apply to the recipient's own confidential information.

Appears in 1 contract

Sources: Secured Loan Agreement (TORM PLC)