Common use of External Transmission Clause in Contracts

External Transmission. TCM retains the right to direct Subscriber to terminate any external distribution of the Data for any reason, in which event TCM shall notify Subscriber accordingly, and Subscriber shall cease transmitting the Data as soon as commercially practicable. Without limiting the generality of the foregoing, where TCM has a reasonable basis to believe that a Client has misused the Data or breached the terms of this Agreement or its respective agreement with TCM, then Subscriber shall cease transmitting the Data to any such Client as soon as commercially practicable following receipt of TCM’s instructions to do so.

Appears in 3 contracts

Samples: Subscriber Market Data Agreement, Subscriber Market Data Agreement, Subscriber Market Data Agreement

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External Transmission. TCM retains the right to direct Subscriber Vendor to terminate any external distribution of the Data for any reason, in which event TCM shall notify Subscriber Vendor accordingly, and Subscriber Vendor shall cease transmitting the Data as soon as commercially practicable. Without limiting the generality of the foregoing, where TCM has a reasonable basis to believe that a Client or Redistributor has misused the Data or breached the terms of this Agreement or its respective agreement with TCM, then Subscriber Vendor shall cease transmitting the Data to any such Client or Redistributor as soon as commercially practicable following receipt of TCM’s instructions to do so.

Appears in 2 contracts

Samples: Vendor Market Data Agreement, Vendor Market Data Agreement

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