Second Renewal Term. The License Fee payable for the Original License in respect of the Renewal Term immediately following the First Renewal Term (the “Second Renewal Term”) shall be calculated as follows: the License Fee adjusted by the greater of (a) [**] percent [**] per annum during the First Renewal Term or (b) the percentage change in the [**] as published by the [**] during the Initial Term, as measured by the change between the [**] number for the month before the month in which the First Renewal Term began and for the month before the month in which the first day of the Second Renewal Term begins; provided that the License Fee shall not be adjusted by more than [**].
Appears in 3 contracts
Sources: Software License Agreement (Cbot Holdings Inc), Software License Agreement (Cbot Holdings Inc), Software License Agreement (Cbot Holdings Inc)