Common use of Annual Commitment Clause in Contracts

Annual Commitment. If the Order specifies an annual commitment, the Test Studio Product Paid License granted to you in section 4.D.2.1 is a 12-month subscription License and is valid during each month for which you have paid the applicable fees. If the Order specifies an annual commitment you are committing to the payment of the subscription License fees in equal monthly instalments over a period of 12 months. You must provide a valid credit card in connection with any annual commitment. Your credit card will be charged the fees stated at the time of purchase plus any applicable taxes each month during your subscription period. Prices are valid for each 12-month term for which they are quoted in the Order and may change at the end of the last 12-month term quoted in the Order. The plan will start as soon as your credit card is successfully charged and will automatically renew unless you disable the automatic renewal in Your Account. You have the right to cancel your subscription at any time by contacting xxxxx@xxxxxxx.xxx, at which point, your access to the Test Studio Product will be disabled. You are solely responsible for properly cancelling your subscription. An email or phone request to cancel your subscription is not considered cancelled until explicitly confirmed by us. If you cancel before the end of your active 12-month subscription period, your cancellation will take effect immediately, however, you will not be relieved of your payment obligations for any time remaining in the subscription period. Termination by us for failure to pay applicable subscription License fees or for any other reason in accordance with the terms of this XXXX or cancellation or termination by you will result in the deactivation of the Test Studio Product.

Annual Commitment. If the Order specifies an annual commitment, the Test Studio Product Paid License granted to you in section 4.D.2.1 is a 12-month subscription License and is valid during each month for which you have paid the applicable fees. If the Order specifies an annual commitment you are committing to the payment of the subscription License fees in equal monthly instalments over a period of 12 months. You must provide a valid credit card in connection with any annual commitment. Your credit card will be charged the fees stated at the time of purchase plus any applicable taxes each month during your subscription period. Prices are valid for each 12-12- month term for which they are quoted in the Order and may change at the end of the last 12-month term quoted in the Order. The plan will start as soon as your credit card is successfully charged and will automatically renew unless you disable the automatic renewal in Your Account. You have the right to cancel your subscription at any time by contacting xxxxx@xxxxxxx.xxx, at which point, your access to the Test Studio Product will be disabled. You are solely responsible for properly cancelling your subscription. An email or phone request to cancel your subscription is not considered cancelled until explicitly confirmed by us. If you cancel before the end of your active 12-month subscription period, your cancellation will take effect immediately, however, you will not be relieved of your payment obligations for any time remaining in the subscription period. Termination by us for failure to pay applicable subscription License fees or for any other reason in accordance with the terms of this XXXX or cancellation or termination by you will result in the deactivation of the Test Studio Product.