Common use of Effect of Co-terming Clause in Contracts

Effect of Co-terming. When you purchase new Expanded Licenses, you may choose to merge (co-term) them with previously existing Expanded Licenses you may hold. When licenses are merged (co-termed), their Upgrade Access Expiry Dates will be averaged out by a weighted formula. As a result of this process, new licenses may receive less than one year of Upgrade Access, or may receive an Upgrade Access Expiry Date in the past. Such effects are counterbalanced by improved Upgrade Access for the previously existing licenses.

Appears in 5 contracts

Samples: End User License Agreement, End User License Agreement, End User License Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!