Common use of Reporting and Payment Clause in Contracts

Reporting and Payment. 6.1 Licensee shall report to Börse Berlin AG within fifteen (15) business days of the end of each Reporting Period, in accordance with Schedule C and in a format agreed between the parties, all use of Fee Liable Information. Licensee shall provide such reasonable details as Börse Berlin AG may request from time to time concerning the number of Non-Fee Liable Devices displaying the Information, within forty-five (45) days of the request. If no such report is provided at the end of any Reporting Period, Börse Berlin AG shall be entitled to estimate such number. Börse Berlin AG shall invoice Licensee on the basis of such report or estimate. Such reports should not contain any personal data of the Licensee or Customers and should adhere fully to all relevant Data Protection Law.