Examples of Customer Group Company in a sentence
Where two or more Customer Group Companies (as defined in the ISDA SIMM Crowdsourcing Facility usage licence) are using ISDA SIMM Crowdsourcing Facility information under an ISDA SIMM Crowdsourcing Facility usage licence with a Customer, then the Customer will be treated as falling in the earliest Initial Margin Phase (i.e. the numerically lowest in the above table) applicable to any such Customer Group Company.
Where a Customer Group Company wants to become a party to this DPA and the EU GDPR or UK GDPR applies, the process in Clause 7 of the EU Clauses applies accordingly.
However, a Customer and/or Customer Group Company may disclose the ICE RFR Indexes Materials that are used as a reference rate in a transaction or financial product to its counterparty or counterparties to such transaction or financial product solely for the purposes of identifying the reference rate so used.
Where a Customer Group Company sells the Licensed Product in combination with other products, then the Licensed Product Revenue will be calculated as 25% of the fraction C / (C+D) of the gross revenues received in relation to all fees or other revenue generated for the licensing or use of the combination product (where C = the fair market value of the Licensed Product if it were sold separately, and D = the fair market value of each other product in the combination product if it were sold separately).
At least annually, Stack shall, at its own cost, undertake an independent application and/or infrastructure penetration testing of Services provided to the Customer Group Company using an internationally recognised methodology such as OWASP.
For the avoidance of doubt, if a Customer Group Company does not receive or generate any Licensed Product Revenue for trading or clearing services in respect of products for which ICE Swap Rate information serves directly or indirectly as, or as part of, an input or underlying reference, the fees payable in respect of an ICE Swap Rate trading / clearing venue licence shall be USD 52,250 for trading only, USD 52,250 for clearing only, or USD 105,000 for trading and clearing, per annum.
In this case the relevant Customer Group Company being the “data exporter” and Stack being the “data importer” and the term “transfer” in the EU Clauses also includes any “processing”.
Where a Customer Group Company derives an interest rate benchmark using LIBOR and other inputs, then the percentage of the gross revenues used to calculate the Licensed Product Revenue may be reduced based on the relative values of such inputs and their usage in the derivation, as agreed by IBA in consultation with the Customer.
For the avoidance of doubt, if a Customer Group Company does not receive or generate any Licensed Product Revenue for the licensing or use of the derived interest rate benchmark, the fees payable in respect of an ICE LIBOR derived benchmark licence shall be USD 50,000 per annum.
The Customer Group Company now requires the provision of certain services.