Common use of Modified Applications Clause in Contracts

Modified Applications. In the event any Application which has passed the Market Entry Testing process is modified, Licensee must (a) notify the CBOT, and (b) if the CBOT determines such modification may cause the Application not to conform to the Market Entry Testing criteria or to have a detrimental effect on any part of the Trading System, undertake Market Entry Testing of the modified Application.

Modified Applications. In the event any Application which has passed the Market Entry Testing process is modified, Licensee must (a) notify the CBOT, and (b) if the CBOT determines such modification may cause the Application not to conform to the Market Entry Testing criteria or to have a detrimental effect on any part of the Trading System, undertake Market Entry Testing of the modified Application.