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Common use of Modifications and Improvements Clause in Contracts

Modifications and Improvements. CBOT reserves the right during the term of this Agreement to specify for use and/or access hereunder any improvements, modifications, enhancements or upgrades to and of the Licensed Products or any part or parts thereof (“Upgrades”). Unless otherwise directed by the CBOT, Licensee shall use only the current release version(s) of the Software provided hereunder; provided, however, that, to the extent reasonably practicable, the CBOT shall allow Licensee a commercially reasonable period of time, after any Upgrade is specified for use and/or access hereunder, to implement such Upgrade.

Appears in 3 contracts

Samples: Software License Agreement (Cbot Holdings Inc), Software License Agreement (Cbot Holdings Inc), Software License Agreement (Cbot Holdings Inc)

Modifications and Improvements. CBOT reserves the right during the term of this Agreement to specify for use and/or access hereunder any improvements, modifications, enhancements or upgrades to and of the Licensed Products or any part or parts thereof (“Upgrades”)thereof. Unless otherwise directed specified by the CBOT, Licensee shall use only the current release version(s) of the Software provided hereunder; provided, however, that, to the extent reasonably practicable, the CBOT shall allow Licensee a commercially reasonable period of time, after any Upgrade is specified for use and/or access hereunder, to implement such Upgrade.

Appears in 2 contracts

Samples: Software License Agreement (Cbot Holdings Inc), Software License Agreement (Cbot Holdings Inc)