Consumption of Resources (Pre-Paid Subscriptions only). Pre-Paid Committed Spend shall be drawn-down (i.e., spent) over the course of the applicable 12-month period as Resources are used by Customer. Fees for the Resources used during draw-down of the Pre- Committed Spend shall be as set forth on the applicable Order Form. Following full draw-down of the Pre-Paid Committed Spend, Customer will be charged for Fees for use of Resources at the applicable list price, as set forth on the Order Form. Elastic will invoice Customer or Reseller (if applicable) Fees for the applicable Fees for the additional Resources and Customer will pay such Fees monthly in arrears. If the draw-down for the applicable 12-month period (other than the last) of a multi-year Pre-Paid Subscription does not equal or exceed the Pre-Paid Committed Spend for that 12-month period, the shortfall will be carried-forward, i.e., applied the draw-down, for the first two months of the next 12-month term. For the avoidance of doubt (i) any shortfall not applied during the first two months of the 12- month period will expire and (ii) all Pre-Paid Committed Spends expire at the end of the Pre-Paid Subscription.
Appears in 4 contracts
Samples: Cloud Services Subscription Agreement, Cloud Services Subscription Agreement, Elastic Cloud Services Subscription Agreement
Consumption of Resources (Pre-Paid Subscriptions only). Pre-Paid Committed Spend shall be drawn-down (i.e., spent) over the course of the applicable 12-month period as Resources are used by Customer. Fees for the Resources used during draw-down of the Pre- Committed Spend shall be as set forth on the applicable Order Form. Following full draw-down of the Pre-Paid Committed SpendSpend in a 12- month period, Customer will be charged for Fees for use of Resources at the applicable list price, as set forth on the Order FormForm for Resources used during the remainder of that 12-month period. Elastic will invoice Customer or Reseller (if applicable) Fees for the applicable Fees for the additional Resources and Customer will pay such Fees monthly in arrears. If the draw-down for the applicable 12-month period (other than the last) of a multi-year Pre-Paid Subscription does not equal or exceed the Pre-Paid Committed Spend for that 12-month period, the shortfall will be carried-forward, i.e., applied the draw-down, for the first two months of the next 12-month term. For the avoidance of doubt (i) any shortfall not applied during the first two months of the 12- 12-month period will expire and (ii) all Pre-Paid Committed Spends expire at the end of the Pre-Paid Subscription.
Appears in 4 contracts
Samples: Cloud Service Subscription Agreement, Cloud Service Subscription Agreement, Cloud Services Subscription Agreement
Consumption of Resources (Pre-Paid Subscriptions only). Pre-Paid Committed Spend shall be drawn-drawn down (i.e., spent) over the course of the applicable 12-month period as Resources are used by CustomerMSP. Fees for the Resources used during draw-draw- down of the Pre- Pre-Committed Spend shall be as set forth on the applicable Order Form. Following full draw-down of the Pre-Paid Committed SpendSpend for the applicable 12-month period, Customer MSP will be charged for Fees for use of Resources at the applicable list price, as set forth on the Order Form. Elastic will invoice Customer or Reseller (if applicable) Fees for MSP the applicable Fees fees for the additional Resources and Customer MSP will pay such Fees fees monthly in arrears. If the draw-down for the applicable 12-month period (other than the last) of a multi-year Pre-Paid Subscription does not equal or exceed the Pre-Paid Committed Spend for that 12-month period, the shortfall will be carried-carried forward, i.e., applied to the draw-down, for the first two months of the next 12-month term. For the avoidance of doubt doubt, (i) any shortfall not applied during the first two months of the 12- 12-month period will expire and (ii) all Pre-Paid Committed Spends expire at the end of the Pre-Paid Subscription.
Appears in 3 contracts
Samples: Elastic Cloud MSP Agreement, Elastic Cloud MSP Agreement, Elastic Cloud MSP Agreement
Consumption of Resources (Pre-Paid Subscriptions only). Pre-Paid Committed Spend shall be drawn-down (i.e., spent) over the course of the applicable 12-month period as Resources are used by Customer. Fees for the Resources used during draw-down of the Pre- Committed Spend shall be as set forth on the applicable Order Form. Following full draw-down of the Pre-Paid Committed SpendSpend for a 12- mont period, Customer will be charged for Fees for use of Resources at the applicable list price, as set forth on the Order FormForm for Resources used during the remainder of that 12-month period. Elastic will invoice Customer or Reseller (if applicable) Fees for the applicable Fees for the additional Resources and Customer will pay such Fees monthly in arrears. If the draw-down for the applicable 12-month period (other than the last) of a multi-year Pre-Paid Subscription does not equal or exceed the Pre-Paid Committed Spend for that 12-month period, the shortfall will be carried-forward, i.e., applied the draw-down, for the first two months of the next 12-month term. For the avoidance of doubt (i) any shortfall not applied during the first two months of the 12- 12-month period will expire and (ii) all Pre-Paid Committed Spends expire at the end of the Pre-Paid Subscription.
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