Common use of Third Party Distribution Clause in Contracts

Third Party Distribution. (a) Notwithstanding anything to the contrary stated in this Agreement, but subject to Section 2.5(b), Reuters hereby grants to TSI a royalty-free, fully paid up, worldwide, perpetual, non-exclusive, non-assignable (except as set forth in Section 12.6) right and license, under the Reuters Intellectual Property Rights, to grant any and all systems integrators, original equipment manufacturers, resellers, distributors or other licensees other than a Specified Company (each a “Third Party Reseller”) of Licensed Products (whether in Object Code or Source Code form), without payment by the Third Party Reseller of any license fees or other consideration to Reuters, non-exclusive, worldwide, perpetual, rights and licenses to exercise any and all of the rights under the license to Original TIB Technology granted by Reuters to TSI in Section 2.1 and to Reuters Enhancements granted by Reuters to TSI in Section 2.3, in each case without subjecting the Third Party Reseller to the limitations set forth in Section 2.4, but without relieving TSI of its obligations to comply with the provisions of Section 2.4 and in all cases subject to the following provisions of this Section 2.5.