Common use of Limited Right to Continuance of Clearing Services Clause in Contracts

Limited Right to Continuance of Clearing Services. Notwithstanding any other provision of this Agreement, upon termination of this Agreement for any reason, if CBOT is unable to engage another entity prepared and able to provide services comparable to the Clearing Services on commercially reasonable terms, CBOT shall have the right to require that CME continue providing any or all of the Clearing Services, as set forth below. For the avoidance of doubt, pricing terms generally shall be deemed commercially reasonable, and alternate services generally shall be deemed comparable, if such terms and services are reasonably similar to those accepted by other parties receiving services from other clearing services providers.

Appears in 5 contracts

Samples: Clearing Services Agreement (Cbot Holdings Inc), Clearing Services Agreement (Cbot Holdings Inc), Chicago Mercantile Exchange Holdings Inc

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