Common use of Controlled Entity Clause in Contracts

Controlled Entity. company controlled by the Vendor, being the control intended as the ownership (whether direct or indirect) of more than the 50% of share capital of such entity or the exercise of effective control by the Vendor over such entity. The Controlled Entity shall be considered a third party under this Agreement unless the Vendor exercises the option under Clause 3.2. Delayed Market Data: any Market Data which is available for use with a time delay of more than 15 minutes after it is generated. Derived Data: data obtained in whole or in part by elaboration or modification of the Market Data; such Derived Data may neither be (i) subject to reverse engineering in order to obtain the Market Data, nor (ii) used to create other data similar to the Market Data; Device: any technological instrument which can receive and/or reproduce the Market Data. End Users: Professional and/or Non-Professional Users who, according to this Agreement, are allowed to receive the Market Data via password and which are identified by the Identification Code. End Users shall not be entitled to do any activity on the Market Data if not expressly authorised under this Agreement including but not limited to display, distribution, sub-licensing or sharing of the Market Data with any third party. . Fee/Fees: any sum due by the Vendor to the Provider in consideration of the license granted under this Agreement, as indicated in Clause 10 below and in any relevant Addendum.

Controlled Entity. company controlled by the Vendor, being the control intended as the ownership (whether direct or indirect) of more than the 50% of share capital of such entity or the exercise of effective control by the Vendor over such entity. The Controlled Entity shall be considered a third party under this Agreement unless the Vendor exercises the option under Clause 3.2. Delayed Market Data: any Market Data which is available for use with a time delay of more than 15 minutes after it is generated. Derived Data: data obtained in whole or in part by elaboration or modification of the Market Data; such Derived Data may neither be (i) subject to reverse engineering in order to obtain the Market Data, nor (ii) used to create other data similar to the Market Data; Device: any technological instrument which can receive and/or reproduce the Market Data. End Users: Professional and/or Non-Professional Users who, according to this Agreement, are allowed to receive the Market Data via password and which are identified by the Identification Code. End Users shall not be entitled to do any activity on the Market Data if not expressly authorised under this Agreement including but not limited to display, distribution, sub-licensing or sharing of the Market Data with any third party. . Fee/Fees: any sum due by the Vendor to the Provider in consideration of the license granted under this Agreement, as indicated in Clause 10 below and in any relevant Addendum.

Controlled Entity. company controlled by the Vendor, being the control intended as the ownership (whether direct or indirect) of more than the 50% of share capital of such entity or the exercise of effective control by the Vendor over such entity. The Controlled Entity shall be considered a third party under this Agreement unless the Vendor exercises the option under Clause 3.2. Delayed Market Data: any Market Data which is available for use with a time delay of more than 15 minutes after it is generated. Derived Data: data obtained in whole or in part by elaboration or modification of the Market Data; such Derived Data may neither be (i) subject to reverse engineering in order to obtain the Market Data, nor (ii) used to create other data similar to the Market Data; Device: any technological instrument which can receive and/or reproduce the Market Data. End Users: Professional and/or Non-Professional Users who, according to this Agreement, are allowed to receive the Market Data via password and which are identified by the Identification Code. End Users shall not be entitled to do any activity on the Market Data if not expressly authorised under this Agreement including but not limited to display, distribution, sub-licensing or sharing of the Market Data with any third party. . Fee/Fees: any sum due by the Vendor to the Provider in consideration of the license granted under this Agreement, as indicated in Clause 10 below and in any relevant Addendum.