Common use of Annual Maintenance Fee Clause in Contracts

Annual Maintenance Fee. Following the initial activation of access, the Society shall invoice Licensee at the start of each calendar year for the annual maintenance fee for the selected NEJM Archive collection(s). If the maintenance fee is not received within sixty (60) days after the start of the calendar year, access will be suspended. The Society reserves the right to modify the maintenance fee annually, provided that any increase to the maintenance fee shall not exceed five percent (5%) of the maintenance fee charged in the previous year. The Society will waive the annual maintenance fee for licensees that maintain an active license to xxxx.xxx.

Appears in 5 contracts

Samples: Archive Access Agreement, Archive Access Agreement, Clinical Access Agreement

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