Common use of Distribution to Subscribers Clause in Contracts

Distribution to Subscribers. 2.7.1. Licensee is entitled to distribute Information to Subscribers in accordance with XXX Form 1. Prior to the distribution of Real-time Information, Licensee must, except as specified in clause 2.6.2 below: (a) ensure that each Subscriber has executed a Subscriber Agreement with Licensee; (b) ensure, by means of Subscriber Agreements or otherwise, that all use and distribution of Real-time Information by Subscriber is subject to effective Operational Controls, except for distribution of Limited Extracts of Information as permitted in this XXX Schedule 4; and (c) obtain confirmation from each Private Use Subscriber that the Subscriber meets the definition of Private Use Subscriber as specified in this Agreement. 2.7.2. Licensee may distribute Delayed Information and/or Limited Extracts of Information or may publicly display Information as permitted under clauses 2.7 to 2.9 of this XXX Schedule 4 without requiring the recipient or viewer to execute a Subscriber Agreement, provided that the recipients or viewers of such Information are informed that: (a) NZX and Information Providers reserve all Intellectual Property Rights to the Information; (b) NZX and Information Providers accept no liability for the display of the Information or any losses or claims arising from use of the Information; (c) Information is for the personal use of the recipient and may not be redistributed by the recipient to any third party without the prior permission of NZX; and (d) NZX may suspend or terminate receipt of Information by any Person if NZX has reason to believe the Information is being misused or misrepresented.

Distribution to Subscribers. 2.7.1. 2.6.1 Licensee is entitled to distribute Information to Subscribers in accordance with XXX Form 1. Prior to the distribution of Real-time Information, Licensee must, except as specified in clause 2.6.2 below: (a) ensure that each Subscriber has executed a Subscriber Agreement with Licensee; (b) ensure, by means of Subscriber Agreements or otherwise, that all use and distribution of Real-time Information by Subscriber is subject to effective Operational Controls, except for distribution of Limited Extracts of Information as permitted in this XXX Schedule 4; and (c) obtain confirmation from each Private Use Subscriber that the Subscriber meets the definition of Private Use Subscriber as specified in this Agreement. 2.7.2. 2.6.2 Licensee may distribute Delayed Information and/or Limited Extracts of Information or may publicly display Information as permitted under clauses 2.7 to 2.9 of this XXX Schedule 4 without requiring the recipient or viewer to execute a Subscriber Agreement, provided that the recipients or viewers of such Information are informed that: (a) NZX and Information Providers reserve all Intellectual Property Rights to the Information; (b) NZX and Information Providers accept no liability for the display of the Information or any losses or claims arising from use of the Information; (c) Information is for the personal use of the recipient and may not be redistributed by the recipient to any third party without the prior permission of NZX; and (d) NZX may suspend or terminate receipt of Information by any Person if NZX has reason to believe the Information is being misused or misrepresented.