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MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

MASTER ASSET PURCHASE AGREEMENT BY ... - Canadian Stocks

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11.04 Duty to Mitigate. Each Party shall use its commercially reasonable efforts to<br />

mitigate damages or losses for which it seeks recourse hereunder, including by promptly<br />

pursuing recovery under available insurance policies; provided, however, that the failure of such<br />

Party to successfully mitigate such damages or losses shall not affect such Party’s right to seek<br />

recourse with respect to such damages or losses so long as such Party shall have used its<br />

commercially reasonable efforts to mitigate.<br />

11.05 Force Majeure. Seller shall not be liable for any interruption of Service or delay<br />

or failure to perform under this Agreement if such interruption, delay or failure results from<br />

causes beyond its reasonable control, including any strike, lockout, work stoppage, labor dispute,<br />

material shortage, earthquake, act of terrorism, severe weather, accident, government action, riot,<br />

insurrection or other hostilities, trade sanction, embargo, fuel or energy shortage, fire, flood, acts<br />

of God, condition caused by national emergency, wrecks or transportation delays or inability to<br />

obtain necessary labor, materials, utilities or third party software rights. Seller will notify Buyer,<br />

either orally or in writing, as soon as practicable upon learning of the occurrence of such event of<br />

force majeure. Upon the cessation of the force majeure event, Seller will use commercially<br />

reasonable efforts to resume its performance as soon as practicable. In no event shall the<br />

occurrence of a force majeure event result in the extension of the term of this Agreement or any<br />

Service hereunder.<br />

11.06 No Individual Liability. Notwithstanding any other provision of this Agreement,<br />

the individual officers, directors, managers, principals, employees and agents of each Party shall<br />

not have any liability to the other Party, or to any affiliate of the other Party, under this<br />

Agreement or in connection with the Services to be provided under this Agreement.<br />

ARTICLE XII<br />

CONFIDENTIALITY<br />

12.01 Confidential Information. Each Party acknowledges that, during the term of this<br />

Agreement, it may receive or have access to Confidential Information of the other Party.<br />

“Confidential Information” shall include designs, concepts, building blocks, methodologies,<br />

drawings, ideas, techniques, inventions, specifications, discoveries, models, data, source code,<br />

object code, software, documentation, diagrams, flow charts, research, development, processes,<br />

procedures, know-how, new product or new technology information, marketing techniques and<br />

materials, marketing plans, timetables, strategies and development plans, customer names and<br />

other information related to customers, pricing policies, financial information, any information<br />

regarding clients of the other Party and the terms of this Agreement. “Confidential Information”<br />

also shall include all information received from third parties that either Party is obligated to treat<br />

as confidential.<br />

12.02 Exceptions. “Confidential Information” does not include information that (i) was<br />

or becomes available to the public other than as a result of a disclosure by the receiving Party or<br />

its directors, officers, employees, agents, accountants, counsel or financial advisors (collectively<br />

“Representatives”), (ii) was or becomes available to the receiving Party from a source other than<br />

the disclosing Party or its Representatives, provided that such source is not known by the<br />

receiving Party to be subject to a confidentiality agreement with or obligation to the disclosing<br />

Party, (iii) was within the receiving Party’s possession prior to its being furnished to the<br />

C2-9<br />

Exhibit C-2<br />

Form of Initial Closing TSA - Seller

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