Common use of Axis Subscription Model Clause in Contracts

Axis Subscription Model. a) The Axis Subscription Model gives You the right to use the Axis Technology during the Subscription Period. The license key which is issued and provided to You by Your Axis Partner must be redeemed (i.e., the license added to Your wallet) in AXIS License Manager, and the licenses actively allocated by You from Your wallet to the ongoing subscription period, within thirty (30) days from the Subscription Start Date. For Your Axis Technology to be licensed, the number of allocated licenses must match the reported usage. If the license key is not redeemed and the licenses not allocated within said period, then the Usage Rights will automatically terminate. On or before each Annual Review, You must renew the licenses if You wish to continue using the Axis Technology for another Subscription Period. b) The Axis Subscription Model includes a Growth Allowance. During a Subscription Period, the Customer may use the Growth Allowance to increase the number of Units using the Axis Technology without paying for additional licenses during that Subscription Period. On each Annual Review, the previous year’s Entitlement and the accumulated annual growth will form the basis for calculating the number of licenses required if the Customer wishes to continue the use of the Axis Technology with the same number of Units for the following Subscription Period. The relevant Axis Technology and AXIS License Manager will automatically calculate and determine the number of licenses required for renewal. If the Customer chooses not to renew the licenses, the Customer will not be charged for exceeding the Entitlement within the scope of the Growth Allowance during a Subscription Period. For the avoidance of doubt, if the Customer exceeds the Growth Allowance during a Subscription Period, the Customer must purchase the corresponding number of licenses in order not to be in breach of this Agreement. c) Any additional licenses to Axis Technology purchased during a Subscription Period shall be pro-rated to be coterminous with the expiry period of the Axis Technology purchased on the Subscription Start Date or Annual Review date (as applicable). d) The licenses in Your AXIS License Manager wallet will expire five (5) years after redeeming of the license key as set out in Section 3.2.1a) above.