Permitted Use Terms definition

Permitted Use Terms means the terms applicable to a Permitted Use as specified in Schedule 2 (Permitted Use Terms) and Schedule 3 (Price List);

Examples of Permitted Use Terms in a sentence

• Subject to clauses 8.1 and 8.3, the LME's entire liability howsoever arising as a result of the indemnity under clause 9.1 shall be limited in respect of all incidents or series of incidents arising out of the same circumstances or claim, to the lower of (i) 100% of the Fees paid by the Licensee during the 12 month period immediately preceding the event giving rise to the liability and (ii) USD 50,000, unless otherwise stated in the Permitted Use Terms.

• The LME may, at its sole discretion, choose to conduct a remote audit where it deems it appropriate to do so.• The Audit Team may examine systems and/or procedures that control access to or provisioning of Data, as well as systems and/or applications that use and/or redistribute the Data.• The Audit Team may request reports or extracts for the Audit Period from these systems, including any honesty statements for the purposes of verifying compliance with the Agreement and relevant Permitted Use Terms.

• Schedule 1 (Licensed Data) and Schedule 2 (Permitted Use Terms) to these LME Market Data Licence General Terms.