Common use of Undertakings of the Recipient Clause in Contracts

Undertakings of the Recipient. Each Discloser shall disclose to the Recipient only such of its Confidential Information as the Discloser, in its sole discretion, deems necessary or desirable for the Purpose. The Recipient may, in its sole discretion, refuse to receive any Confidential Information offered to be disclosed by the Discloser. In case an Extended Affiliate of a Party acts as Discloser or Recipient under this Agreement, such Party will ensure that such Extended Affiliate complies with all terms and conditions of this Agreement with respect thereto and will be liable towards the other Party for such compliance. The Recipient hereby agrees, binds and obliges itself that from the Commencement Date and for a period of seven (7) years after the termination of the Agreement according to Clause 7 of this Agreement, it shall: maintain and shall procure that any of its Representatives shall maintain in confidence the Confidential Information of the Discloser; and not, and shall procure that any of its Representatives shall not, publish or disclose nor in any way directly or indirectly permit the disclosure of, the existence, source, content or substance of the Confidential Information of the Discloser to a Third Party other than to the extent a disclosure is permitted by Section 5.1.3; and not, and shall procure that any of its Representatives shall not, use the Confidential Information for any purpose, whether commercial or non-commercial, other than the Purpose; and not, and shall procure that any of its Representatives will not, use, rely upon or duplicate or in any way profit from or take advantage of in any manner the Confidential Information of the Discloser without the prior written consent of the Discloser.

Appears in 1 contract

Sources: Mutual Multiparty Confidentiality Agreement

Undertakings of the Recipient. Each Discloser shall disclose to the Recipient only such of its Confidential Information as the Discloser, in its sole discretion, deems necessary or desirable for the Purpose. The Recipient may, in its sole discretion, refuse to receive any Confidential Information offered to be disclosed by the Discloser. In case an Extended Affiliate of a Party acts as Discloser or Recipient under this Agreement, such Party will ensure that such Extended Affiliate complies with all terms and conditions of this Agreement with respect thereto and will be liable towards the other Party for such compliance. The Recipient hereby agrees, binds and obliges itself that from the Commencement Date and for a period of seven (7) years after the termination of the Agreement according to Clause 7 of this Agreement, it shall: maintain and shall procure that any of its Representatives shall maintain in confidence the Confidential Information of the Discloser; and not, and shall procure that any of its Representatives shall not, publish or disclose nor in any way directly or indirectly permit the disclosure of, the existence, source, content or substance of the Confidential Information of the Discloser to a Third Party other than to the extent a disclosure is permitted by Section 5.1.3; and not, and shall procure that any of its Representatives shall not, use the Confidential Information for any purpose, whether commercial or non-commercial, other than the Purpose; and not, and shall procure that any of its Representatives will not, use, rely upon or duplicate or in any way profit from or take advantage of in any manner the Confidential Information of the Discloser without the prior written consent of the Discloser.

Appears in 1 contract

Sources: Mutual Multiparty Confidentiality Agreement