Common use of Licence Fees and Payments Clause in Contracts

Licence Fees and Payments. Direct Connection Licensee shall obtain approval from HKEX-IS before supplying a Datafeed with relevant Information sourced from HSN to the Indirect Connection Licensee’s computer information systems located at the Hosting Site. If at any time that Direct Connection Licensee ceases to supply a Datafeed with relevant Information sourced from HSN to the Indirect Connection Licensee’s computer information systems located at the Hosting Site, the Direct Connection Licensee undertakes to immediately notify HKEX-IS in writing of the name of the Indirect Connection Licensee, details of the relevant Datafeed and the effective cessation date.