GbSec Consumption License Sample Clauses

GbSec Consumption License. A GbSec Consumption License grants you the right to run the Product in a cloud computing environment where the total number of Gigabyte-seconds consumed by the execution of Serverless Functions initiated by the Product may not exceed the GbSec capacity specified in the Order. A GbSec Consumption license is not limited as to number of CPUs, Cores, Servers or users. Products licensed under a GbSec Consumption License model are only offered by us under a subscription license in accordance with section 4.2.4 below. You must submit a written report to us within ten (10) business days after the end of each quarter of your annual subscription period specifying the cumulative number of GbSec units consumed during the annual subscription period as of the last day of the reported quarterly period. The report must be submitted by you via email to xxxxxxxxxxxxxxxxxxxxxxxxx@xxxxxxxx.xxx (or such other email alias that we notify you of from time to time) and you must copy your Progress account manager on the email. We may provide you with guidance on how to extract usage information from certain cloud vendor platforms, but it is your responsibility to ensure that you can obtain the necessary consumption data from your cloud vendor and maintain a record of that data in order to verify your compliance with the GbSec capacity limit associated with your annual subscription and to satisfy the reporting requirements of this section 4.2.2. Such data and records, including, without limitation, any reports or data that may be available from your cloud vendor, will be subject to the audit terms specified in section 1.14 of this Agreement. You will be invoiced in arrears for any GbSec overages promptly following our receipt of your report and the fee for such overages will be calculated based on the “per GbSec” pricing rate specified in the Order associated with your then-current subscription. Any failure on your part to submit timely reports and/or pay overage fees (if applicable) in accordance with the payment terms specified herein will constitute a material breach by you of this Agreement. Any unused GbSec units at the end of your annual subscription period will be forfeited. You may upgrade to a higher purchase tier level during your annual subscription period. If you do so, then a new annual subscription period will commence at the higher tier level on the date such upgrade is processed by us, and you will be charged the then- current price for an annual subscription at the ...
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Related to GbSec Consumption License

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