Common use of Other Licensees Clause in Contracts

Other Licensees. LIFFE will take all commercially reasonable steps (including pursuing court proceedings) to ensure that neither any licensee of LIFFE CONNECT other than the CBOT, nor any other Person, contravenes the exclusivity limitations set forth in Section 3.1. For the avoidance of doubt, preparatory work up to the date on which products are made available for trading in the live market may be undertaken within the Exclusivity Period by any licensee of LIFFE CONNECT or any other Person without triggering LIFFE’s obligations under the preceding sentence.

Other Licensees. LIFFE will take all commercially reasonable steps (including pursuing court proceedings) to ensure that neither any licensee of LIFFE CONNECT other than the CBOT, nor any other Person, contravenes the exclusivity limitations set forth in Section 3.1. For the avoidance of doubt, preparatory work up to the date on which products are made available for trading in the live market may be undertaken within the Exclusivity Period by any licensee of LIFFE CONNECT or any other Person without triggering LIFFE’s 's obligations under the preceding sentence.