IPSX Facilities definition
Examples of IPSX Facilities in a sentence
The Counterparty shall not sell, lease, license, transfer, provide or otherwise make available to any third party any form of access to or the use of Transaction Data (whether through written, electronic or other means) or IPSX Facilities (whether as a demonstration or otherwise) other than as expressly authorised in this Agreement.
Where an audit conducted by IPSX pursuant to this clause reveals evidence of a breach of the terms of this Agreement (including a breach of the Minimum Standards), the Counterparty shall promptly on demand reimburse IPSX in full for all reasonable costs incurred by IPSX in conducting that audit and IPSX shall be entitled to immediately suspend the Counterparty’s access to IPSX Facilities and/or terminate this Agreement with immediate effect without liability to the Counterparty.
IPSX shall have no obligation to verify, correct, complete or update any information displayed on IPSX Facilities from time to time except where IPSX is the author of such information.
IPSX shall not guarantee that any changes will not affect the material functionality of the IPSX Facilities.
IPSX shall use reasonable efforts promptly to notify the Counterparty of any difficulties experienced by IPSX Facilities or other Counterparties with respect to their access to or use of IPSX Facilities, but only to the extent that IPSX is aware of such difficulties and reasonably determines that they are material to the Counterparty’s access to or use of IPSX Facilities.
IPSX will communicate to the Counterparty any minimum standards and requirements (including applicable security requirements) (“Minimum Standards”) applicable to such Equipment prior to granting access to IPSX Facilities.
In addition to accepting the terms of this Agreement, before being permitted to access and use IPSX Facilities, an IPSX Trading Member may be requested to provide, in terms acceptable to IPSX and from a reputable external law firm, a legal opinion regarding (inter alia) their capacity to execute and be bound by certain of the documents referred to above (in particular the IPSX Rules for Members).
In addition to accepting the terms of this Agreement, before being permitted to access and use IPSX Facilities, a Trading Member may be requested to provide, in terms acceptable to IPSX and from a reputable external law firm, a legal opinion regarding (inter alia) their capacity to execute and be bound by certain of the documents referred to above (in particular the IPSX Rules for Members).
The Issuer shall ensure that all user names, passwords, keys, tokens and similar items issued to or used by the Issuer for the purposes of accessing IPSX Facilities are kept confidential at all times and used only by the specific individuals to whom they are allocated, and the IPSX Issuer shall notify IPSX immediately if it knows or has reason to suspect any unauthorised access to or disclosure of any of those items.