Common use of Data Licence Clause in Contracts

Data Licence. The Exchange hereby grants to Data Recipient a worldwide, non-exclusive licence to (i) receive Data during the term of this Agreement, and (ii) use, process and store such Data in perpetuity only for the purposes of using or distributing the Data in the Data Recipient’s Services in accordance with this Agreement. The license is non-transferable, except in the case of an assignment pursuant to section 23. Any use or distribution of the Data, other than Member’s Private Data, whether Real-time Data or Delayed Data, by the Data Recipient in the Data Recipient’s Services must be as described in the Data Recipient’s System Description approved by the Exchange and, for greater certainty, subject to section 5, may include one or more of the following purposes: (i) for display to Data Recipient’s own Individual Users (internal display use); (ii) for internal use in Data Recipient’s Applications (internal non-display use); (iii) to act as a Data distributor to distribute Data to Data Clients for display to the Data Clients’ Individual Users (distribution for external display use); (iv) to act as a Data distributor to distribute Data to Data Clients for internal use in Data Clients’ Applications (distribution for external non-display use); (v) to act as a Data distributor to provide Data feeds to Data Clients; and/or (vi) to act as a Data distributor to Data Clients that redistribute Data. Any use or distribution of Member’s Private Data must be in accordance with the Member Agreement, whereby any use or distribution by a Member of Member’s Private Data beyond internal purposes requires prior notice to the Exchange.