Common use of Licensed Data Clause in Contracts

Licensed Data. 4.1. The Particular Conditions Section of this Agreement shall set out the Licensed Data of the Contracting Party, and shall specify every Information Product composing such data, as well as the date as from which each Information Product shall become available to the Contracting Party ’s Group. 4.2. The Contracting Party shall request at any time during the term of this Agreement to modify the content of the Licensed Data by adding or removing Information Products. BMEMD shall be given notice of such request for modification with not less than twenty (20) calendar days prior to the beginning of the month in which the above- mentioned content modification is due to become effective. BMEMD shall be deemed to have accepted the Licensed Data modification unless it expressly issues a written refusal stating its objections within ten (10) calendar days on confirmation receipt of the Contracting Party’s request. Should there not be any such refusal by BMEMD, both parties undertake to diligently update the Particular Conditions Section, as a prior requirement for the Licensed Data modification to become effective. In any manner shall BMEMD’s acceptance to modify the Licensed Data release the Contracting Party from the performance of the obligations agreed and accepted under this Agreement.