Preview | Application Services Agreement |

THIS APPLICATION SERVICES AGREEMENT is made on 25 April, 2001

BETWEEN:

1. The International Petroleum Exchange of London Limited, a company incorporated in England and Wales whose registered office is at International House, 1 St Katharine’s Way, London E1W 1UY (“IPE”)

2. LIFFE Services Company Limited, a company incorporated in England and Wales whose registered office is at Cannon Bridge House, 1 Cousin Lane, London EC4R 3XX (“Provider”)

WHEREAS:

(A)   Provider has developed a computer system known as the Trade Registration System (“TRS”) which is capable of providing a real-time computerised trade administration service;

(B)   use of TRS has to date been supplied by Provider to IPE in accordance with the terms and conditions of an agreement between Provider and IPE dated 26 April 1991 (“the LIFFE Agreement”);

(C)   with effect from the Commencement Date hereof, IPE and Provider have together mutually agreed that the LIFFE Agreement shall be superseded and replaced by the terms and conditions of this Agreement; and

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1.	The International Petroleum Exchange of London Limited, a company incorporated in England and Wales whose registered office is at International House, 1 St Katharine’s Way, London E1W 1UY (“IPE”)

2.	LIFFE Services Company Limited, a company incorporated in England and Wales whose registered office is at Cannon Bridge House, 1 Cousin Lane, London EC4R 3XX (“Provider”)

(A)	Provider has developed a computer system known as the Trade Registration System (“TRS”) which is capable of providing a real-time computerised trade administration service;

(B)	use of TRS has to date been supplied by Provider to IPE in accordance with the terms and conditions of an agreement between Provider and IPE dated 26 April 1991 (“the LIFFE Agreement”);

(C)	with effect from the Commencement Date hereof, IPE and Provider have together mutually agreed that the LIFFE Agreement shall be superseded and replaced by the terms and conditions of this Agreement; and