eDAcard Balance Clause Samples

The eDAcard Balance clause defines the rules and procedures governing the balance held on an electronic debit or access card (eDAcard). It typically outlines how the balance is calculated, how funds can be loaded or withdrawn, and any limitations or fees associated with maintaining or using the balance. For example, it may specify that the balance cannot exceed a certain amount or that unused funds may expire after a set period. The core function of this clause is to ensure transparency and clarity for both the cardholder and the issuer regarding the management and use of funds stored on the eDAcard.
eDAcard Balance. The Fee structure for Use of the Licensed Materials implementing the eDAcard licensing model are set forth on the Cadence eDAcard Datasheet available on the eDAcard Web Site. The Fees are based upon the one year time-based license (“TBL”) reference price. The Licensed Material price is then adjusted per the eDAcard rate table set forth in the eDAcard Datasheet based upon; (1) the type of Licensed Material licensed, and (2) the Term of Use. Finally, the applicable Customer discount is applied to arrive at the final Fee for the applicable Licensed Materials. The dollar value as set forth in the eDAcard Balance on page 1 of this Attachment represents the amount the Customer has allocated for selecting and Using Licensed Materials accessing the eDAcard Web Site. Upon selection of both the Licensed Materials and the Term of Use, the Fee shall be automatically calculated and debited from the remaining eDAcard Balance. Customer may continue to access the eDAcard Web Site for the purpose of selecting additional Licensed Materials until the eDAcard Balance is depleted. Customer shall forfeit any remaining portion of the eDAcard Balance not utilized during the eDAcard Activation Period. The one year reference (TBL) price for Licensed Materials and/or the eDAcard rate table may be modified at any time by Cadence.
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