Common use of Partial Periods Clause in Contracts

Partial Periods. (i) In the event a Hosting Go Live Date falls on a date other than the first or last day of a calendar quarter, the Minimum Quarterly Payment payable by the CBOT with respect to such Hosted Exchange for such partial calendar quarter shall be prorated on the basis of the number of calendar days during such partial calendar quarter. (ii) In the event any OYP for a Hosted Exchange is less than a full calendar year, the Hosting Fee payable by the CBOT with respect to such Hosted Exchange for the partial year shall be prorated on the basis of the number of days during such partial year.