Common use of Lapse of Coverage Clause in Contracts

Lapse of Coverage. In the event that coverage for Support and Maintenance Services lapses as a result of Your non-payment, ISA shall have no obligation of any kind to renew coverage for Support and Maintenance Services. Any renewal shall require payment to ISA of a reinstatement fee equal of one hundred fifty percent (150%) of the sum of the Support and Maintenance Fees for any previously unpaid contract period(s) plus full payment for the pending annual period.

Appears in 5 contracts

Samples: License Agreement, License Agreement, Itext Support and Maintenance Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.