Common use of Annual Payment Clause in Contracts

Annual Payment. If the Customer fails to make timely payment of any Annual Payment: 8.3.1. the Customer immediately ceases to be entitled to any Discount applied in relation to the purchase or renewal of the Minimum Purchase or any Subsequent Subscriptions or Later Subsequent Subscriptions (as applicable); 8.3.2. the grant of rights to the Customer in relation to the Fallback Version are immediately withdrawn and the Customer is not entitled to the continued use of a Fallback Version in relation to any Product held in the name of the Customer; and 8.3.3. JetBrains may, in its sole discretion, exercise any of the rights set out in clause 9 of this Agreement.