Further to each Exchange’s rights in Clause 15. 1, in relation to Direct Reporting Customers, each Exchange shall have a further right to estimate the Direct Reporting Customer’s monthly Charges where such Direct Reporting Customer fails to submit its Report in accordance with this Agreement. In such a case, each Exchange will formulate the estimated Charges by using the amount of Charges from the previous period and apply an administration fee of up to ten percent (10%) of this value.
Appears in 4 contracts
Samples: Market Data Agreement, Market Data Agreement, www.borsaitaliana.it
Further to each Exchange’s rights in Clause 15. 1, in relation to Direct Reporting Customers, each Exchange shall have a further right to estimate the Direct Reporting Customer’s Customer‟s monthly Charges where such Direct Reporting Customer fails to submit its Report in accordance with this Agreement. In such a case, each Exchange will formulate the estimated Charges by using the amount of Charges from the previous period and apply an administration fee of up to ten percent (10%) of this value.
Appears in 3 contracts
Samples: Market Data Agreement, Market Data Agreement, Agreement
