Examples of S&P ETF Contracts in a sentence
S&P shall reasonably cooperate with CME in acquiring such rights to the extent such rights are necessary for CME to create, market, trade, clear or promote S&P ETF Contracts, however, CME is solely responsible for securing all necessary licenses to use third- party trademarks and intellectual property.
Except as otherwise provided for herein, the parties’ entry into this Letter Amendment shall not prejudice, influence or otherwise affect either party’s position, now or in the future, as to the scope or nature of CME’s rights to use the S&P Stock Indexes and S&P Marks pursuant to the License Agreement, including with respect to the issue of whether S&P ETF Contracts are Indexed Contracts.
For each Indexed Contract (excluding S&P ETF Contracts), regardless of the date when it was first listed, and with an initial Notional Value of less than or equal to $100,000, CME shall pay S&P a per-Contract license fee equal to $*****.
If S&P determines that it will not challenge any such unlicensed use, then upon notice to CME, S&P will no longer be required to protect the value of CME’s exclusive license with respect to S&P ETF Contracts and CME will not be required to remit license fees to S&P as a result of the trading of S&P ETF Contracts by CME.
Subject to Section 5(g), for each Indexed Contract (excluding S&P ETF Contracts) first listed after the Effective Date with an initial Notional Value greater than $100,000, CME shall pay S&P $***** per Contract traded.
S&P shall reasonably cooperate with CME in acquiring such rights to the extent such rights are necessary for CME to create, market, trade, clear or promote S&P ETF Contracts.
If for any reason an S&P Stock Index is, or becomes in the future, subject to a non-exclusive license to CME under the License Agreement then such S&P Stock Index shall automatically be deemed to be licensed on a non-exclusive basis to CME under this Letter Amendment in connection with the relevant S&P ETF Contracts.
Subject to the terms set forth in this Letter Amendment, the license for any S&P Stock Index that as of the date of this Letter Amendment is licensed by S&P to CME on an exclusive basis pursuant to Section 3 of the License Agreement, shall be exclusive to CME in connection with S&P ETF Contracts that use the relevant S&P Index ETFs as their sole underlying interest.
CME agrees that the disclaimers and limitations on liability that are set forth in Sections 13(b), (c), (d) and (e) of this Agreement and S&P’s rights of indemnification under Section 14 of this Agreement, as modified hereby, shall apply to S&P ETF Contracts with equal effect as applied to Indexed Contracts, generally, under this Agreement.
With respect to S&P ETF Contracts, it is understood that if the current litigation between S&P and International Securities Exchange, Inc.