Common use of Annual Payment Clause in Contracts

Annual Payment. Subscriber may elect to prepay for their Oracle Cloud Services on an annual basis (the “Prepay Option”). If Subscriber elects the Prepay Option, the Initial Term of the Subscriber’s Order shall be one year from the date of the most recently paid invoice (the “Prepay Term”). Any prepayment applies to Oracle Cloud Services reflected on the Order in effect at the time of prepayment; Additional Oracle Cloud Services may be purchased during the Prepay Term, and additional fees may apply. Additional services purchased during the Prepay Term will be prorated for the remainder of the Prepay Term, and coterminate at the end of such Prepay Term.