Common use of Administrative Use Clause in Contracts

Administrative Use. NASD will permit Vendor to use the Information and Data on a reasonable number of Devices which shall be located on Vendor’s premises or under Vendor’s control or operated by Vendor’s personnel, without charge, in development environment(s) and distribute the Information and Data through Devices which shall be used by its personnel, on its premises, to support Vendor’s Service offered by Vendor. Such use could include marketing, customer service, and product development (collectively, Administrative Use). Vendor is not required to have executed Subscriber Agreements for Information and Data accessed through Devices where the use of such Information and Data is solely an Administrative Use. It would not include any use in Vendor’s capacity as a Retransmission Vendor, including but not limited to, use by a Subscriber or any use by Vendor to support the trading of securities or other financial instruments or any other investment purpose. Vendor’s Administrative Use of such Information and Data and Devices in connection therewith and the number thereof shall be subject to audit by NASD and subject to all the provisions of this Agreement, except for (i) the payment of fees (but not any taxes, charges or assessments imposed by any governmental entity); (ii) reporting requirements; and (iii) the execution of the BTDS Subscriber Agreement. Upon reasonable request Vendor shall provide NASD or its designate with information about and a demonstration of such Administrative Use.

Administrative Use. NASD will permit Vendor to use the Information and Data on a reasonable number of Devices which shall be located on Vendor’s premises or under Vendor’s control or operated by Vendor’s personnel, without charge, in development environment(s) and distribute the Information and Data through Devices which shall be used by its personnel, on its premises, solely to support Vendor’s Service offered by Vendor. Such use could include marketing, customer service, and product development (collectively, Administrative Use). Vendor is not required to have executed Subscriber Agreements for Information and Data accessed through Devices where the use of such Information and Data is solely an Administrative Use. It Administrative Use would not include any use in Vendor’s capacity as a Retransmission Vendor, including but not limited to, use by a Subscriber or any use by Vendor to support the trading of securities or other financial instruments or any other investment purpose. Vendor’s Administrative Use of such Information and Data and Devices in connection therewith and the number thereof shall be subject to audit by NASD and subject to all the provisions of this Agreement, except for (i) the payment of fees (but not any taxes, charges or assessments imposed by any governmental entity); (ii) reporting requirements; and (iii) the execution of the BTDS Subscriber Agreement. Upon reasonable request Vendor shall provide NASD or its designate with information about and a demonstration of such Administrative Use.