Material concerns. If CME reasonably determines in its sole judgment that the requested change will materially impair functionality or materially increase operational costs to CME or CME Clearing Members, CME may, but shall not be required to, submit to CBOT a reasonably detailed proposal for implementing the change, including cost estimates, which need not be binding.
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Sources: Clearing Services Agreement (Cbot Holdings Inc), Clearing Services Agreement (Chicago Mercantile Exchange Holdings Inc), Clearing Services Agreement (Cbot Holdings Inc)
Material concerns. If CME reasonably determines in its sole judgment that the requested change will materially impair functionality or materially increase operational costs to CME or CME Clearing Membersmembers, CME may, but shall not be required to, submit to CBOT NYMEX a reasonably detailed proposal for implementing the change, including cost estimates, which need not be binding.
Appears in 2 contracts
Sources: Services Agreement (Nymex Holdings Inc), Services Agreement (Nymex Holdings Inc)
Material concerns. If CME reasonably determines in its sole judgment that the requested change will materially impair functionality or materially increase operational costs to CME or CME Clearing Members, CME may, but shall not be required to, submit to CBOT a reasonably detailed proposal for implementing the change, including cost estimates, which need not be binding.. CONFIDENTIAL INFORMATION REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. OMITTED PORTIONS INDICATED BY [**]. Confidential Treatment Requested by CBOT Holdings, Inc.
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