Common use of Lapsed Service Fee Clause in Contracts

Lapsed Service Fee. If Customer purchases an annual Maintenance Agreement for a Product where maintenance has lapsed on the Product by up to 180 days, Customer will be charged a “Lapsed Service” fee at the rate of $2,000 USD in addition to the then-current standard maintenance fee pro-rated for the time period during which no maintenance was in effect.

Appears in 10 contracts

Samples: Maintenance Agreement, Maintenance Agreement, Maintenance Agreement

AutoNDA by SimpleDocs

Lapsed Service Fee. If Customer purchases an annual Maintenance Agreement for a Product where for which maintenance was never originally purchased or for which maintenance has lapsed on the Product by up to 180 dayslapsed, Customer will be charged a “Lapsed Service” fee at the rate of $2,000 USD in addition to the then-current standard maintenance fee pro-rated for the time period during which no maintenance was in effecteffect from the date the product was first received by Customer.

Appears in 2 contracts

Samples: Licensing Agreement, Licensing Agreement

AutoNDA by SimpleDocs

Lapsed Service Fee. If Customer purchases an annual Maintenance Agreement for a Product where maintenance has lapsed on the Product by up to 180 days, Customer will be charged willLapbseed Secrvhicea”rgfeaetde a “Lapsed Service” fee at the rate of $2,000 USD in addition to the then-current standard maintenance fee pro-rated for the time period during which no maintenance was in effect.

Appears in 1 contract

Samples: Maintenance Agreement

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