LICENCE GRANTED TO THE LICENSEE. 2.1 Subject to the Licensee's compliance with the terms of the Agreement, on and from the Effective Date the LME:
(a) shall make the Licensed Data available, whether directly (subject to a separate agreement with the LME) or via a Third Party Source in accordance with clause 10, to the Licensee on a non-exclusive basis; and
(b) grants the Licensee a limited, non-exclusive, revocable, personal, and non- transferable (save as set out in clause 11 or as explicitly permitted by the Permitted Use Terms) licence during the Term to use the Licensed Data and the Trade Marks only for the Permitted Use and in accordance with the Permitted Use Terms.
2.2 The LME hereby expressly reserves any and all rights (including Intellectual Property Rights), licences and permissions in and to the LME Data and the Trade Marks, other than those limited rights explicitly licensed in accordance with clause 2.1.
2.3 The Licensee shall comply with all commercially reasonable instructions received from the LME (including those set out in this Agreement), including in relation to use of the Trade Marks.
2.4 Unless explicitly licensed via the Permitted Use Terms or another agreement in writing between the Licensee and the LME, the Licensee shall not:
(a) remove the Trade Marks from the Data or alter them (unless not practicable to display the Trade Marks and the Data together);
(b) use the Trade Marks in conjunction with any other xxxx, name, logo, symbol or device, unless otherwise specified in Schedule 2;
(c) use the Trade Marks other than in conjunction with the Data to which they relate;
(d) use the Trade Marks in such a way as to damage the goodwill or reputation attaching to such Trade Marks or the name of the LME or a Third Party Licensor (as applicable), or to otherwise prejudice the validity or enforceability of any such Trade Marks;
(e) permit access to, distribute, sub-licence or publish the Data or Trade Marks to any third party;
(f) use the Data as a Benchmark or in connection with the determination of a Benchmark or pass the Data to an Administrator in connection with the determination of a Benchmark;
(g) Manipulate the Data in any way and/or use the Data to create any Derived Data;
(h) use the Data or Trade Marks, or any part of them:
(i) or any other Intellectual Property Rights of the LME or Product Specifications, or any part of them for the formation, trading, pricing, clearing or settlement of any non-LME platform contract;
(ii) in breach of the Regulations, any poli...
