Interface Sublicense Agreements Clause Samples
The Interface Sublicense Agreements clause governs the terms under which a licensee may grant sublicenses to third parties for the use of a licensed interface. Typically, this clause outlines the conditions, limitations, and approval processes required before a sublicense can be issued, such as requiring the sublicensor to ensure that sublicensees comply with the original agreement's terms. Its core practical function is to control and manage the distribution of rights to use the interface, thereby protecting the licensor’s interests and ensuring consistent application of the original license terms.
Interface Sublicense Agreements. Each CBOT Member, ISV, QV, or any additional Person (excluding Hosted Exchanges) wishing to interface with the API and/or another Interface and to participate in the CBOT Electronic Exchange shall be required by the CBOT to enter into, and provide to the CBOT (or, if executed by an Exclusive Hosted Exchange Participant as addressed in Section 6.2.3, the applicable Hosted Exchange), an executed copy of the “Interface Sublicense Agreement,” in the form attached hereto as Schedule E (each, as executed by the CBOT and a Market Participant or by a Hosted Exchange and an Exclusive Hosted Exchange Participant, an “Interface Sublicense Agreement”). Amendments to any Interface Sublicense Agreement may be made only upon LIFFE’s prior written consent. Upon the written request of LIFFE, the CBOT shall promptly provide to LIFFE copies of a current, fully executed Interface Sublicense Agreement for each Market Participant (including any and all Exclusive Hosted Exchange Participants) authorized to gain access to one or more of the Interfaces.
Interface Sublicense Agreements. Each Hosting Agreement (a) shall provide that the Hosted Exchange shall require each Exclusive Hosted Exchange Participant to enter into and provide to the Hosted Exchange or the CBOT a current, fully executed Interface Sublicense Agreement (with any such modifications to which LIFFE may consent in writing), and (b) shall otherwise impose upon the Hosted Exchange each and every obligation of the CBOT stated in Section 5 in respect of the Hosted Exchange and its Exclusive Hosted Exchange Participants, as applicable; provided, however, that the Hosting Agreement may permit all notices to LIFFE required by Section 5.2 to be delivered by a Hosted Exchange to the CBOT, which shall then have the burden of providing such notices to LIFFE under Section 5.2.
Interface Sublicense Agreements. Each Member, ISV, QV, or any additional Person wishing to interface with the API and/or another Interface and to participate in the CBOT Electronic Exchange shall be required by the CBOT to enter into, and provide to the CBOT an executed copy of, the "Interface Sublicense Agreement," in the form attached hereto as Schedule E (each, as executed by the CBOT and a Sublicensee, an "Interface Sublicense Agreement"). Amendments to any Interface Sublicense Agreement may be made only upon LIFFE's prior written consent. Upon the written request of LIFFE, the CBOT shall promptly provide to LIFFE copies of a current, fully executed Interface Sublicense Agreement for each Sublicensee authorized to gain access to one or more of the Interfaces.