Common use of Transmission of Information Clause in Contracts

Transmission of Information. 4.1 HKEX-IS hereby grants the Licensee permission to receive the Datafeed from the Direct Connection Licensees specified in Schedule 3 only. 4.2 The Licensee acknowledges that under the agreement between HKEX-IS and the Direct Connection License, the Direct Connection Licensee is prohibited from providing a Datafeed to the Licensee unless with the prior written approval of HKEX-IS. 4.3 The Licensee further acknowledges that it is prohibited from entering, and agrees that it shall not enter, into any agreement or arrangement to receive the Datafeed from any other Direct Connection Licensee, unless with the prior written approval of HKEX-IS. 4.4 If the Licensee does not receive a Datafeed from HKEX-IS directly but exclusively through the Direct Connection Licensee, the Licensee agrees that HKEX-IS shall not be liable or responsible for making the relevant Datafeed available to the Licensee. For the avoidance of doubt, the Licensee further agrees that any interruption or failure of the Datafeed for whatever reason shall not affect the Licensee’s obligations to pay the Licence Fees to HKEX-IS under clause 5. 4.5 The Licensee undertakes to immediately notify HKEX-IS in writing in the event that it ceases to receive a Datafeed from a Direct Connection Licensee for any reason and to immediately notify HKEX-IS of any action it plans to take to replace the Direct Connection Licensee or to adopt or designate an alternative source of Information. 4.6 HKEX-IS shall have the right to require the Licensee to cease receiving the Datafeed from a Direct Connection Licensee and to supply such proof as HKEX-IS may reasonably require that the Licensee has ceased to receive such Datafeed.

Transmission of Information. 4.1 HKEXHKEx-IS hereby grants the Licensee permission to receive the Datafeed from the Direct Connection Licensees specified in Schedule 3 only. 4.2 The Licensee acknowledges that under the agreement between HKEXHKEx-IS and the Direct Connection License, the Direct Connection Licensee is prohibited from providing a Datafeed to the Licensee unless with the prior written approval of HKEXHKEx-IS. 4.3 The Licensee further acknowledges that it is prohibited from entering, and agrees that it shall not enter, into any agreement or arrangement to receive the Datafeed from any other Direct Connection Licensee, unless with the prior written approval of HKEXHKEx-IS. 4.4 If the Licensee does not receive a Datafeed from HKEXHKEx-IS directly but exclusively through the Direct Connection Licensee, the Licensee agrees that HKEXHKEx-IS shall not be liable or responsible for making the relevant Datafeed available to the Licensee. For the avoidance of doubt, the Licensee further agrees that any interruption or failure of the Datafeed for whatever reason shall not affect the Licensee’s obligations to pay the Licence Fees to HKEXHKEx-IS under clause 5. 4.5 The Licensee undertakes to immediately notify HKEXHKEx-IS in writing in the event that it ceases to receive a Datafeed from a Direct Connection Licensee for any reason and to immediately notify HKEXHKEx-IS of any action it plans to take to replace the Direct Connection Licensee or to adopt or designate an alternative source of Information. 4.6 HKEXHKEx-IS shall have the right to require the Licensee to cease receiving the Datafeed from a Direct Connection Licensee and to supply such proof as HKEXHKEx-IS may reasonably require that the Licensee has ceased to receive such Datafeed.