SIRO » Topics » 29.12 Confidentiality

This excerpt taken from the SIRO 10-Q filed May 10, 2007.

29.12               Confidentiality

(a)                                      In acting as agent for the Finance Parties the Facility Agent shall be regarded as acting through its agency division which shall be treated as a separate entity from any other of its divisions or departments.

(b)                                     If information is received by another division or department of the Facility Agent, it may be treated as confidential to that division or department and the Facility Agent shall not be deemed to have notice of it.

(c)                                      Notwithstanding any other provision of any Finance Document to the contrary, none of the Facility Agent and Mandated Lead Arrangers are obliged to disclose to any other person (i) any confidential information or (ii) any other information if the disclosure would or might in its reasonable opinion constitute a breach of any law or a breach of a fiduciary duty.

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