Common use of Payment a Condition to Access Clause in Contracts

Payment a Condition to Access. Vendor acknowledges that payment by Vendor of all fees and other amounts described in this Article IV is a condition precedent for continued receipt of the Information by Vendor and by Vendor Invoiced Subscribers. Vendor shall bear all risk of non-payment by Vendor Invoiced Subscribers. Nasdaq will bear the risk of non-payment by Nasdaq Invoiced Subscribers, provided, however, that if a Nasdaq Invoiced Subscriber fails to pay invoiced amounts to Nasdaq in a timely fashion, then upon notice from Nasdaq to Vendor such Subscriber shall (unless Vendor terminates such Subscriber) become a Vendor Invoiced Subscriber, and Vendor shall pay to Nasdaq, on behalf of such Subscriber, all fees due Nasdaq with respect to such Subscriber for billing periods which commence on or after the date ten (10) days after such notice from Nasdaq. Vendor shall cooperate, at Vendor's expense, with Nasdaq in any lawful efforts by Nasdaq to collect unpaid amounts due Nasdaq described in this Article IV from current or former Nasdaq Invoiced Subscribers. Nasdaq shall cooperate, at Nasdaq's expense, with Vendor in any lawful efforts by Vendor to collect unpaid amounts due Vendor described in this Article IV from current or former Vendor Invoiced Subscribers. Upon Vendor's payment to Nasdaq on behalf of any Subscriber of any amounts due under this Article IV, Vendor shall be subrogated to any and all rights of Nasdaq to recover such amounts.

Payment a Condition to Access. Vendor acknowledges that payment by Vendor of all fees and other amounts described in this Article IV is a condition precedent for continued receipt of the Information by Vendor and by Vendor Invoiced Subscribers. Vendor shall bear all risk of non-payment by Vendor Invoiced Subscribers. Nasdaq NASDAQ will bear the risk of non-payment by Nasdaq NASDAQ Invoiced Subscribers, provided, however, that if a Nasdaq NASDAQ Invoiced Subscriber fails to pay invoiced amounts to Nasdaq NASDAQ in a timely fashion, then upon notice from Nasdaq NASDAQ to Vendor such Subscriber shall (unless Vendor terminates such Subscriber) become a Vendor Invoiced Subscriber, and Vendor shall pay to NasdaqNASDAQ, on behalf of such Subscriber, all fees due Nasdaq NASDAQ with respect to such Subscriber for billing periods which commence on or after the date ten (10) days after such notice from NasdaqNASDAQ. Vendor shall cooperate, at Vendor's expense, with Nasdaq NASDAQ in any lawful efforts by Nasdaq NASDAQ to collect unpaid amounts due Nasdaq NASDAQ described in this Article IV from current or former Nasdaq NASDAQ Invoiced Subscribers. Nasdaq NASDAQ shall cooperate, at NasdaqNASDAQ's expense, with Vendor in any lawful efforts by Vendor to collect unpaid amounts due Vendor described in this Article IV from current or former Vendor Invoiced Subscribers. Upon Vendor's payment to Nasdaq NASDAQ on behalf of any Subscriber of any amounts due under this Article IV, Vendor shall be subrogated to any and all rights of Nasdaq NASDAQ to recover such amounts.

Payment a Condition to Access. Vendor acknowledges that payment by Vendor of all fees and other amounts described in this Article IV is a condition precedent for continued receipt of the Information by Vendor and by Vendor Invoiced Subscribers. Vendor shall bear all risk of non-payment by Vendor Invoiced Subscribers. Nasdaq NASDAQNasdaq will bear the risk of non-payment by Nasdaq NASDAQNasdaq Invoiced Subscribers, provided, however, that if a Nasdaq NASDAQNasdaq Invoiced Subscriber fails to pay invoiced amounts to Nasdaq NASDAQNasdaq in a timely fashion, then upon notice from Nasdaq NASDAQNasdaq to Vendor such Subscriber shall (unless Vendor terminates such Subscriber) become a Vendor Invoiced Subscriber, and Vendor shall pay to NasdaqNASDAQNasdaq, on behalf of such Subscriber, all fees due Nasdaq NASDAQNasdaq with respect to such Subscriber for billing periods which commence on or after the date ten (10) days after such notice from NasdaqNASDAQNasdaq. Vendor shall cooperate, at Vendor's expense, with Nasdaq NASDAQNasdaq in any lawful efforts by Nasdaq NASDAQNasdaq to collect unpaid amounts due Nasdaq NASDAQNasdaq described in this Article IV from current or former Nasdaq NASDAQNasdaq Invoiced Subscribers. Nasdaq NASDAQNasdaq shall cooperate, at NasdaqNASDAQNasdaq's expense, with Vendor in any lawful efforts by Vendor to collect unpaid amounts due Vendor described in this Article IV from current or former Vendor Invoiced Subscribers. Upon Vendor's payment to Nasdaq NASDAQNasdaq on behalf of any Subscriber of any amounts due under this Article IV, Vendor shall be subrogated to any and all rights of Nasdaq NASDAQNasdaq to recover such amounts.