Provider Intellectual Property. The Intellectual Property of each Provider and its affiliates used in connection with the provision of Services to the *** Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been requested with respect to the omitted portions. CONFIDENTIAL TREATMENT REQUESTED by Markit Ltd. Company, whether or not created prior to the date of this Agreement (“Provider Intellectual Property”), shall remain the property of such Provider or its affiliates, as applicable, and no rights therein shall be assigned or granted to the Company, other than as expressly provided herein. To the extent that any Provider Intellectual Property is required to be used by the Company in connection with the provision of the Services hereunder, each Provider, for itself and as agent for its affiliates, hereby grants to the Company a perpetual, non- exclusive, limited, nontransferable, nonsublicensable (except as provided in the last sentence of this Section 3.1.2), ************ license to use such Provider Intellectual Property of such Provider or its affiliates solely in connection with the use of such Provider’s Services. For the sake of clarity, the Company may continue to use such Provider Intellectual Property of such Provider or its affiliates in connection with such Services even if such Provider is no longer providing such Services; and, if a third party is engaged by the Company to provide such Services to the Company, and, in connection therewith, such Provider Intellectual Property is required to be used by such third party, the Company may grant to such third party a non-exclusive, limited, nontransferable, nonsublicensable, ************ sublicense to use such Provider Intellectual Property solely in connection with the provision of Services by such third party to the Company pursuant to a sublicense agreement among the Company, such third party and such Provider having terms reasonably satisfactory to such Provider, including, without limitation, that the Provider Intellectual Property will be (a) used only for Services rendered by such third party to the Company, (b) kept confidential and (c) returned to the Company at the conclusion of the engagement.
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Sources: Deriv/Serv Support Agreement
Provider Intellectual Property. The Intellectual Property of each Provider and its affiliates used in connection with the provision of Services to the *** Information has been omitted and filed separately with the Securities and Exchange Commission. Confidential Treatment has been requested with respect to the omitted portions. CONFIDENTIAL TREATMENT REQUESTED by Markit Ltd. Company, whether or not created prior to the date of this Agreement (“Provider Intellectual Property”), shall remain the property of such Provider or its affiliates, as applicable, and no rights therein shall be assigned or granted to the Company, other than as expressly provided herein. To the extent that any Provider Intellectual Property is required to be used by the Company in connection with the provision of the Services hereunder, each Provider, for itself and as agent for its affiliates, hereby grants to the Company a perpetual, non- exclusive, limited, nontransferable, nonsublicensable (except as provided in the last sentence of this Section 3.1.2), ************ license to use such Provider Intellectual Property of such Provider or its affiliates solely in connection with the use of such Provider’s Services. For the sake of clarity, the Company may continue to use such Provider Intellectual Property of such Provider or its affiliates in connection with such Services even if such Provider is no longer providing such Services; and, if a third party is engaged by the Company to provide such Services to the Company, and, in connection therewith, such Provider Intellectual Property is required to be used by such third party, the Company may grant to such third party a non-exclusive, limited, nontransferable, nonsublicensable, ************ sublicense to use such Provider Intellectual Property solely in connection with the provision of Services by such third party to the Company pursuant to a sublicense agreement among the Company, such third party and such Provider having terms reasonably satisfactory to such Provider, including, without limitation, that the Provider Intellectual Property will be (a) used only for Services rendered by such third party to the Company, (b) kept confidential and (c) returned to the Company at the conclusion of the engagement.
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