Customer Size definition

Customer Size. ’ means the lesser of (i) the number of option contracts that the Participating Exchange sending the order guarantees it will automatically execute at its disseminated quotation in an Eligible Option Class for Public Customer Orders and (ii) the number of option contracts that the Participating Exchange receiving the order
View Source

Examples of Customer Size in a sentence

  • The Customer License Fee shall initially be determined based on a good-faith estimate of the Customer Size as of the effective date of the Customer Agreement.

  • At the time of the calculation BISYS shall provide information detailing the Customer Size as of the applicable anniversary calculation date.

  • Such Customer License Fee shall become payable by BISYS upon the execution date of the Customer Agreement, subject to an adjustment of the amount due based on a redetermination of the Customer Size as of the Conversion Date.

  • Customer License Fees that are or become payable by BISYS pursuant to these terms and conditions, shall be paid to OSI in accordance with Section 8(b) with the adjustment, if any, based on the Customer Size that is determined as of the Conversion Date being made in the reconciliation for the calendar quarter in which the Conversion Date falls, but in no event later than thirty (30) days following the end of such calendar quarter.

  • Notwithstanding the foregoing, the Ancillary Product Fee for Ancillary Products which are services and not licensed software, and which continue to be payable on a periodic basis, shall be adjusted annually, at each anniversary of the Conversion Date (Customers) or anniversary of the services agreement effective date (TotalPlus Customers), as applicable, based on changes to the List Price for such services and changes in Customer Size if applicable to such Ancillary Product services.

  • OSI and BISYS hereby agree that under no circumstances shall BISYS be entitled to a refund, credit, offset, or any other reduction in Higher Level License Fees in the event that the Customer Size for any Customer decreases during any calculation period or at any time during this Agreement.

  • The remaining fifty percent (50%) of the Customer License Fee shall be paid on the Conversion Date, plus the amount of any adjustment to the Customer License Fee based on redetermination of the Customer Size as of the Conversion Date.

  • Subject to Section 21(a)(iii), BISYS's obligation with respect to each such Customer Agreement is to pay OSI a non-refundable Customer License Fee equal to seventy five percent (75%) of the OSI List Price of the Licensed Software (excluding Interfaces) and Third Party Software payable by an OSI direct customer of the same Customer Size.

  • BISYS's obligation with respect to each such Customer Agreement is to pay OSI a non-refundable Customer License Fee equal to thirty percent (30%) of the OSI List Price of the Licensed Software (excluding Interfaces) and Third Party Software payable by an OSI direct customer of the same Customer Size (as defined in paragraph (4) below).

  • Subject to Section 21(a)(iii), BISYS's obligation with respect to each such Customer Agreement is to pay OSI a non-refundable Customer License Fee equal to [**] percent ([**]%) of the OSI List Price of the Licensed Software (excluding Interfaces) and Third Party Software payable by an OSI direct customer of the same Customer Size.

Related to Customer Size

  • Customer Site means the site owned or leased by the Customer or any other site used to provide the Service, which is directly connected to a PoP managed by Liquid Telecom, as set out in the COF;

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • Customer Systems means the Customer's information technology infrastructure, including computers, software, hardware, databases, electronic systems (including database management systems) and networks, whether operated directly by Customer or through the use of third-party services.

  • Customer Software means software which is owned by or licensed to the Customer, including software which is or will be used by the Supplier for the purposes of providing the Goods and/or Services but excluding the Supplier Software;

  • Customer User means an employee of Customer, a Customer Affiliate or Business Partner.