Common use of Annual Renewal Fee Clause in Contracts

Annual Renewal Fee. On the one (1) year anniversary date of the Portal Launch Date, and for each full year thereafter that the portal is operational on RDR’s server, the Customer will pay an annual renewal fee equal to $150.00 (the “Annual Renewal Fee”). Notice will be sent to the Customer prior to the Annual Renewal Fee being automatically paid using the card on file. To avoid payment of the Annual Renewal Fee, Customer must (1) provide RDR 30 days notice of cancellation of Portal services prior to the Portal anniversary date; and (2) Portal must be removed from RDR’s servers prior to the Portal anniversary date. Failure to execute (1) or (2) in a timely manner will result in the collection of the Annual Renewal Fee from Customer. Client waives any claims Client may have and hold RDR harmless from any liability, damages, losses, whether arising from Client or any third party resulting from the removal of the Portal from RDR’s servers or from the internet. It is the sole responsibility of the Client maintain compliant communications with investors or potential investors, both during the RDR hosting of the Portal and after RDR Portal hosting has ended. Client takes sole responsibility for the timing of any information or content that is displayed on the RDR hosted Portal, and holds RDR harmless for the displaying of information, documentation, or content of anything displayed or accessible via the Portal, including the timing of such.