Common use of Termination and Exclusion of Liability Clause in Contracts

Termination and Exclusion of Liability. 6.1 If the Licensee's access to the trading system of the Stock Exchange and/or the Futures Exchange through the HKATS (as applicable) is suspended or terminated for any reason, the Licensee undertakes to immediately notify HKEX-IS in writing, whereupon the provision of HKATS Information or parts thereof to Licensee may cease and the Licensee shall cease to use the HKATS Information or parts thereof with immediate effect. 6.2 The Licensee shall ensure that the HKATS API connection and/or the equipment or systems of the Licensee used to process and disseminate the Information achieve reasonable performance and reliability. This paragraph 5.2 shall be "material" for the purposes of clause 6.4. 6.3 For the avoidance of doubt, where the Licensee receives HKATS Information, the right to terminate the provision of Futures Information shall not affect the provision of Stock Options Information and vice versa. THIRD PARTY WEBSITE SERVICE ANNEX

Appears in 4 contracts

Samples: Market Data Vendor Licence Agreement, Market Data Vendor Licence Agreement, Market Data Vendor Licence Agreement

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