Common use of Börse Berlin Clause in Contracts

Börse Berlin. AG shall waive Licensee’s liability for unpaid Fees and associated interest in respect of unauthorised use or redistribution of Information by Customers where Börse Berlin AG is satisfied, following reasonable levels of enquiry, that: a) Licensee is not responsible for the unauthorised use and has used reasonable commercial efforts to apply Operational Controls to restrict or prevent unauthorised use; b) Licensee has reported the unauthorised use to Börse Berlin AG without unreasonable delay upon becoming aware of it;