Common use of Acceptance of Renewal Clause in Contracts

Acceptance of Renewal. If: i) the Licensee selected the Automatic Renewal Option and the Licensee does not within 30 days of delivery by Transoft of a Quote pursuant to section 4(b) of this Schedule B, give written notice to Transoft that the Licensee does not intend to renew the Maintenance, the terms of this Schedule B will automatically be renewed and the terms of this Schedule B, as amended pursuant to section 4(b) will apply to the Renewal Term; or ii) the Licensee did not select the Automatic Renewal Option and if no later than 30 days prior to the Expiration Date of the Initial Term or the applicable Renewal Term the Licensee: (1) provides to Transoft a signed purchase order confirming acceptance of the Quote pursuant to section 4(b) and other applicable terms; and (2) pays to Transoft the Annual Fee applicable to the Renewal Term plus Sales Taxes, if applicable; the Maintenance will be renewed and the terms of this Schedule B, as amended pursuant to section 4(b) will apply to the Renewal Term.

Acceptance of Renewal. If: i) the Licensee selected the Automatic Renewal Option and the Licensee does not within 30 days of delivery by Transoft of a Quote quote pursuant to section Section 4(b) of this Schedule “B”, give written notice to Transoft that the Licensee does not intend to renew the Maintenance, the terms of this Schedule B “B” will automatically be renewed and the terms of this Schedule “B”, as amended pursuant to section Section 4(b) will apply to the Renewal Term; or ii) the Licensee did not select the Automatic Renewal Option and if no later than 30 days prior to the Expiration Date of the Initial Term or the applicable Renewal Term the Licensee: (1) provides to Transoft a signed purchase order confirming acceptance of the Quote quote pursuant to section Section 4(b) and other applicable terms; and (2) pays to Transoft the Annual Fee applicable to the Renewal Term plus Sales Taxes, if applicable; , the Maintenance will be renewed and the terms of this Schedule “B”, as amended pursuant to section Section 4(b) will apply to the Renewal Term.

Acceptance of Renewal. If: i(a) the The Licensee selected the Automatic Renewal Option and the Licensee does not within 30 days of delivery by Transoft of a Quote pursuant to section 4(b) Section 4.2 of this Schedule B, give written notice to Transoft that the Licensee does not intend to renew the Maintenance, the terms of this Schedule B will automatically be renewed and the terms of this Schedule B, as amended pursuant to section 4(b) Section 4.2 will apply to the Renewal Term; or ii(b) the The Licensee did not select the Automatic Renewal Option and if no later than 30 days prior to the Expiration Date of the Initial Term or the applicable Renewal Term the Licensee: (1i) provides to Transoft a signed purchase order confirming acceptance of the Quote pursuant to section 4(b) Section 4.2 and other applicable terms; and (2ii) pays to Transoft the Annual Fee applicable to the Renewal Term plus Sales Taxes, if applicable; the Maintenance will be renewed and the terms of this Schedule B, as amended pursuant to section 4(b) Section 4.2 will apply to the Renewal Term.

Acceptance of Renewal. If: i(a) the The Licensee selected the Automatic Renewal Option and the Licensee does not within 30 days prior to the Expiration Date of delivery by Transoft of a Quote pursuant to section 4(b) of this Schedule Bthe Initial Term or the applicable Renewal Term, give written notice to Transoft that the Licensee does not intend to renew the Maintenancethis MAP Agreement, the terms of this Schedule B MAP Agreement will automatically be renewed and the terms of this Schedule BMAP Agreement, as amended pursuant to section 4(b) Section 4.2 will apply to the Renewal Term; or ii(b) the The Licensee did not select the Automatic Renewal Option and if no later than a 30 days prior to grace period after the Expiration Date of the Initial Term or the applicable Renewal Term the Licensee: (1i) provides to Transoft a signed purchase order confirming acceptance of the Quote pursuant to section 4(b) Section 4.2 and other applicable terms; and (2ii) pays to Transoft the Annual Fee applicable to during the Renewal Term plus Sales Taxes, if applicable; the Maintenance this MAP Agreement will be renewed and the terms of this Schedule BMAP Agreement, as amended pursuant to section 4(b) Section 4.2 will apply to the Renewal Term.