Common use of Annual Increases Clause in Contracts

Annual Increases. Unless otherwise agreed in writing, InterPayments may increase Fees for each Renewal Subscription Term. In order for price increases to be effective, InterPayments must notify Customer at least forty-five (45) days prior to the beginning of the Renewal Subscription Term. Such notice may be in the form of an invoice, other written notice or delivered via the InterPayments Portal. If Customer objects to the increase, Customer may elect to not renew subscription to the Services. Customer acknowledges that the following do not constitute Fee increases: (i) additional fees for any upgrade or any additional Service that Customer orders; (ii) overage fees for usage in excess of Customer’s usage tier, if defined and applicable in an Order Form; and (iii) expiration of any discount or incentive programs to which Customer was previously entitled.