Sharing Information With Affiliates of the Bank Clause Samples
The "Sharing Information With Affiliates of the Bank" clause authorizes the bank to disclose customer information to its affiliated companies. In practice, this means that personal or financial data provided to the bank may be shared with other entities under the same corporate group, such as subsidiaries or parent companies, for purposes like marketing, risk management, or service improvement. This clause primarily facilitates internal data sharing, ensuring that affiliates can coordinate services and manage customer relationships efficiently, while also clarifying the scope of information use within the broader organization.
Sharing Information With Affiliates of the Bank. The Borrower acknowledges that from time to time other financial and banking services may be offered or provided to the Borrower or one or more of its subsidiaries and/or affiliates (in connection with this Agreement or otherwise) by the Bank or by one or more subsidiaries or affiliates of the Bank or of The PNC Financial Services Group, Inc., and the Borrower hereby authorizes the Bank to share any information delivered to the Bank by the Borrower and/or its subsidiaries and/or affiliates pursuant to this Agreement or any of the Loan Documents to any subsidiary or affiliate of the Bank and/or The PNC Financial Services Group, Inc., subject to any provisions of confidentiality in this Agreement or any other Loan Documents.
Sharing Information With Affiliates of the Bank. The Loan Parties acknowledge that from time to time financial advisory, investment banking and other services may be offered or provided to the Loan Parties or one or more of its Affiliates (in connection with this Agreement or otherwise) by a Bank or by one or more Subsidiaries or Affiliates of such Bank and each Loan Party hereby authorizes such Bank to share any information delivered to such Bank by the Loan Parties pursuant to this Agreement, or in connection with the decision of the Bank to enter into this Agreement, to any such Subsidiary or Affiliate of such Bank, it being understood that any such Subsidiary or Affiliate of such Bank receiving such information shall be bound by the provisions of Section 9.18 as if it were a Bank hereunder. Such authorization shall survive the repayment of the Loans.
Sharing Information With Affiliates of the Bank. Each Loan Party acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Loan Parties or one or more of their Affiliates (in connection with this Agreement or otherwise) by the Bank or by one or more Subsidiaries or Affiliates of the Bank and each of the Loan Parties hereby authorizes the Bank to share any information delivered to the Bank by such Loan Party and each Loan Party's Subsidiaries pursuant to this Agreement, or in connection with the decision of the Bank to enter into this Agreement, to any such Subsidiary or Affiliate of the Bank, it being understood that any such Subsidiary or Affiliate of the Bank receiving such information shall be bound by the provisions of Section 9.11.1 as if it were the Bank hereunder. Such authorization shall survive the repayment of the Loans and other Obligations and the termination of the Revolving Credit Commitment.
Sharing Information With Affiliates of the Bank. The Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by the Bank or by one or more Subsidiaries or Affiliates of the Bank and the Borrower hereby authorizes the Bank to share any information delivered to the Bank by the Borrower and its Subsidiaries pursuant to this Agreement to any such Subsidiary or Affiliate subject to the provisions of Section 8.9.1. 8.10Counterparts;
Sharing Information With Affiliates of the Bank. The Borrowers acknowledge that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrowers or one or more of their Affiliates (in connection with this Agreement or otherwise) by the Bank or by one or more subsidiaries or Affiliates of the Bank and the Borrowers hereby authorize the Bank to share any information delivered to the Bank by the Borrowers pursuant to this Agreement, or in connection with the decision of the Bank to enter into this Agreement, to any such subsidiary or Affiliate of the Bank, it being understood that any such subsidiary or Affiliate of the Bank receiving such information shall be bound by the provisions of this Section as if it were a Bank hereunder. Such authorization shall survive the repayment of the Loans.
Sharing Information With Affiliates of the Bank. The Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of their respective Affiliates (in connection with this Agreement or otherwise) by the Bank or by one or more Subsidiaries or Affiliates of the Bank and the Borrower hereby authorizes the Bank to share any information delivered to the Bank by the Borrower pursuant to this Agreement, or in connection with the decision of the Bank to enter into this Agreement, to any such Subsidiary or Affiliate of the Bank, it being understood that any such Subsidiary or Affiliate of the Bank receiving such information shall be bound by the provisions of Section 8.13(a) as if it were the Bank hereunder; provided, however, that the Bank shall endeavor to furnish notice to the Borrower of such sharing of information; provided, further, that it is agreed and acknowledged that the Bank is under no duty or obligation whatsoever to furnish such notice to the Borrower and the failure of Bank to furnish such notice shall not (a) release, discharge, modify or restrict the liabilities and obligations of the Borrower pursuant to this Agreement or any other Loan Document, (b) result in the imposition of any liability upon the Bank in connection with said failure to furnish such notice, or (c) otherwise alter, modify or change in any way the respective rights, duties, obligations and liabilities, as the case may be, of the Bank and the Borrower pursuant to this Agreement or any other Loan Document. Such authorization shall survive the repayment of the Loans.