HomeMy WebLinkAboutC97-056 Union Pacific Railroad CompanyC75650CONFIDENTIALITYAGREEMENTThisConfidentialityAgreementismadeonthis.j..9dayofMarch,1997,byFgleflniinty,fln1pr1n(hereinafterreferredtoas“Applicant”):WHEREAS,ApplicantdesirestobegindiscussionswiththeStateofColoradoandUNIONPACIFiCRAILROADCOMPANY,itsaffiliatesandsubsidiariesincluding,butnotlimitedto,SouthernPacificTransportationCompanyandTheDenverandRioGrandeWesternRailroadCompany(hereinafterreferredtocollectivelyas“Railroad”)regardingpossiblesaleofRailroad’slinesbetweenSageandCanonCity,Colorado,andbetweenTownerandNAJunction,Colorado(hereinafterreferredtoasthe“Lines”).WHEREAS,RailroadwillbeprovidinginformationtoApplicanttofacilitatediscussionsand/ornegotiations,whichinformationisofaproprietarycommercialnature,includingbutnotlimitedtoinformationconsistingofdatapertainingtotraffic,markets,finance,operations,maintenance,investment,equipment,costorprice,aswellasothernon-publicinformationordata.NOW,THEREFORE,inconsiderationofcommencingnegotiationsanddiscussionsandRailroadprovidinginformationanddata:1.Applicantagreesthatallnon-publicinformationprovidedbyRailroadtofacilitatediscussionsandnegotiationspertainingtosaleoftheLines,includingbutnotlimitedtodatacontainingtraffic,market,financial,operating,maintenance,investment,equipment,cost,priceorlaborinformation,aswellasanyothernon-publicdata,willnotbedisclosedtoanyperson,corporateorindividual,n.tanofficerordirectorofApplicant,withoutpriorwrittenconsentoftheRailroad.2.ApplicantfurtheragreesandacknowledgesthattheabovedescribeddatathatmaybeprovidedbytheRailroadisofaconfidentialandproprietarynature,thedisclosureofwhichwouldcommerciallyinjuretheRailroad.3.ApplicantagreestotakeallreasonablemeasurestoassurethecontinuousconfidentialityandprotectionofinformationprovidedbytheRailroadinconnectionwithdiscussionsandnegotiationsrelatingtothesaleoftheLines.4.TheApplicantfurtheragreesthatitwilltakenoactionwhichwilladverselyaffectordiminishtheRailroad’sproprietaryinterestintheinformationwhichthelatterprovides,norwillanyinformationprovidedbytheRailroadunderthisConfidentialityACONFID2.WPD C’CAgreementbeusedforthepurposeofgeneratingdata,reportsorotherwiseusedbyApplicantforanypurposeotherthanforthepurposeofdiscussionsornegotiationsconcerningthesaleoftheLinesandshallnotbeusedforanycommercialorcompetitivePurpose.5.AdequateinstructionsshallbeissuedbyApplicanttoallappropriateofficersanddirectorsofApplicantasnecessarytosatisfytheproprietaryobligationsofApplicant.6.IfApplicanthiresorusesconsultantsoradvisorswhoarenotsolelyofficersordirectorsofApplicant,anyinformationprovidedbytheRailroadtoApplicantshallnotbeprovidedtosuchadvisorsorconsultantsunlesssuchadvisorsorconsultantsagreeinwritingtoadheretoalltheprovisionsofthisConfidentialityAgreement.7.ThematerialsandinformationprovidedbytheRailroadtoApplicantshallbereturnedtotheRailroad,includinganyandallcopiesthereof,accompaniedwithacertificationandaffidavitthatallsuchinformationand.copiesthereofhavebeenreturneduponterminationofnegotiationsordiscussions,whetherornotanagreementbetweenApplicantandRailroadisenteredintoconcerningthesaleoftheLines.8.ApplicantagreesthattheRailroadshallhavetherighttoenjoinApplicantinanycourtofcompetentjurisdiction,inadditiontoanyotherremedyatlaw,forbreachofthetermsofthisConfidentialityAgreement.9.AllthetermscontainedinthisConfidentialityAgreementshallsurvivecompletionofdiscussionsandnegotiationswhetherornotthepartiesenterintoanagreementtosellthelines.10.Applicantagreesthatthepossiblesaleoftheseraillineswillbeonanasisbasis;thatnowarrantiesofanykindregardingthephysicalconditionoftheproperty,orofthepresenceorabsenceofhazardouswaste,willbemadebySeller.11.Applicantfurtherunderstandsthatthe$500.00feesubmittedwiththisAgreementisnon-refundable.Title:Chairman,Ea1eCountyBoardofCountyCommissionersByJohnettePhillipskC0NFID2.WPD2