Common use of Automatic Renewal of Fixed Term Licenses Clause in Contracts

Automatic Renewal of Fixed Term Licenses. Customer may renew Customer’s expiring Fixed Term License by written authorization to renew (e.g., order form, order letter, purchase order), prior to the expiration date, in accordance with the terms of this Agreement. IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE, EXPIRING FIXED TERM LICENSES ARE AUTOMATICALLY RENEWED FOR THE SAME DURATION AS THE EXPIRING TERM UNDER THE TERMS OF THIS AGREEMENT AND AT THE THEN CURRENT RENEWAL CHARGES FOR SUCH PROGRAM LICENSES UNLESS, PRIOR TO THE EXPIRATION DATE, IBM RECEIVES, EITHER DIRECTLY FROM CUSTOMER OR THROUGH CUSTOMER’S RESELLER, AS APPLICABLE, CUSTOMER’S WRITTEN NOTIFICATION THAT CUSTOMER DOES NOT WANT TO RENEW. CUSTOMER AGREES TO PAY SUCH RENEWAL CHARGES. If Customer chooses not to renew the Fixed Term License, Customer agrees to discontinue use of the Program on the expiration date. If, after the expiration date, Customer chooses to resume use of the Program, Customer must pay charges associated with an initial Fixed Term License rather than a Fixed Term License renewal.

Automatic Renewal of Fixed Term Licenses. Customer You may renew Customer’s your expiring Fixed Term License by written authorization to renew (e.g., order form, order letter, purchase order), prior to the expiration date, in accordance with the terms of this Agreement. IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE, EXPIRING FIXED TERM LICENSES ARE AUTOMATICALLY RENEWED FOR THE SAME DURATION AS THE EXPIRING TERM UNDER THE AGREEMENT TERMS OF THIS AGREEMENT AND AT THE THEN CURRENT RENEWAL CHARGES FOR SUCH PROGRAM LICENSES UNLESS, PRIOR TO THE EXPIRATION DATE, IBM RECEIVES, EITHER DIRECTLY FROM CUSTOMER YOU OR THROUGH CUSTOMER’S YOUR RESELLER, AS APPLICABLE, CUSTOMER’S YOUR WRITTEN NOTIFICATION THAT CUSTOMER DOES YOU DO NOT WANT TO RENEW. CUSTOMER AGREES YOU AGREE TO PAY SUCH RENEWAL CHARGES. If Customer chooses you choose not to renew the Fixed Term License, Customer agrees you agree to discontinue use of the Program on the expiration date. If, after the expiration date, Customer chooses you choose to resume use of the Program, Customer you must pay charges associated with an initial Fixed Term License rather than a Fixed Term License renewal.

Automatic Renewal of Fixed Term Licenses. Customer may renew Customer’s Customer‟s expiring Fixed Term License by written authorization to renew (e.g., order form, order letter, purchase order), prior to the expiration date, in accordance with the terms of this Agreement. IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE, EXPIRING FIXED TERM LICENSES ARE AUTOMATICALLY RENEWED FOR THE SAME DURATION AS THE EXPIRING TERM UNDER THE TERMS OF THIS AGREEMENT AND AT THE THEN CURRENT RENEWAL CHARGES FOR SUCH PROGRAM LICENSES UNLESS, PRIOR TO THE EXPIRATION DATE, IBM RECEIVES, EITHER DIRECTLY FROM CUSTOMER OR THROUGH CUSTOMER’S RESELLER, AS APPLICABLE, CUSTOMER’S WRITTEN NOTIFICATION THAT CUSTOMER DOES NOT WANT TO RENEW. CUSTOMER AGREES TO PAY SUCH RENEWAL CHARGES. If Customer chooses not to renew the Fixed Term License, Customer agrees to discontinue use of the Program on the expiration date. If, after the expiration date, Customer chooses to resume use of the Program, Customer must pay charges associated with an initial Fixed Term License rather than a Fixed Term License renewal.