Common use of Membership Terms Clause in Contracts

Membership Terms. Except for Prior Members at the inception of the Directed Fund, for all levels of membership, an initial full year’s payment of fees is due upon receipt and acceptance of an executed membership agreement and payable within thirty days of the date of invoice from the LF. Agreements signed before the 15th of the month will be invoiced as if active on the first of the month of signature. Agreements signed on or after the 15th will be invoiced as if active on the 1st of the following month. All fee amounts are irrevocable and non-refundable commitments based in US Dollars. We reserve the right to refuse your Participation Agreement if you have outstanding obligations to the LF or any other LF projects. In no event will fees be refunded, upon a Member’s resignation or otherwise. Each Member acknowledges that the LF and other members of the Directed Fund depend upon reliable participation renewal information to budget effectively, and that the LF’s ability to provide services to the Directed Fund would suffer in the event of nonpayment of participation fees. Each Member acknowledges The Linux Foundation’s Good Standing Policy, available at xxxxx://xxx.xxxxxxxxxxxxxxx.xxx/good-standing-policy. Notice of any increase in participation fees for the following calendar year will be given on or before October 15 in the current calendar year. Member’s participation for each calendar year and any stub period, and its obligation to pay participation fees for the following calendar year or stub period, as applicable, will renew annually for successive one-year terms, unless the applicant delivers written notice of non-renewal to the LF on or before December 1 of the current membership year. Membership Level (see Exhibit C): Consolidated Employees (if applicable):

Appears in 2 contracts

Samples: Directed Fund Participation Agreement, Directed Fund Participation Agreement

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Membership Terms. Except for Prior Members at the inception of the Directed Fund, for For all levels of membership, an initial full year’s payment of fees is due upon receipt and acceptance of an executed membership agreement and payable within thirty days of the date of invoice from the LF. Agreements signed before the 15th of the month will be invoiced as if active on the first of the month of signature. Agreements signed on or after the 15th will be invoiced as if active on the 1st of the following month. All fee Fee amounts are irrevocable and non-non- refundable commitments based in US Dollars. We reserve the right to refuse your Participation Agreement if you have outstanding obligations to the LF or any other LF projects. All Fee amounts are irrevocable commitments based in US Dollars. In no event will fees be refunded, upon a Member’s resignation or otherwise. Each Member acknowledges that the LF and other members of the Directed Fund members depend upon reliable participation renewal information to budget effectively, and that the LF’s ability to provide services to the Directed Fund would suffer in the event of nonpayment of participation fees. Each Member member acknowledges The Linux Foundation’s Good Standing Policy, available at xxxxx://xxx.xxxxxxxxxxxxxxx.xxx/good-standing-policy. Notice of any increase in participation fees for the following calendar year will be given on or before October 15 in the current calendar year. Member’s participation for each calendar year and any stub period, and its obligation to pay participation fees for the following calendar year or stub period, as applicable, will renew annually for successive one-year terms, unless the applicant delivers written notice of non-renewal to the LF on or before December 1 of the current membership year. ________________________________ Membership Level (see Exhibit C): ProductName/ /Amount/ ________________________________ Consolidated Employees (if applicable):): _

Appears in 1 contract

Samples: Directed Fund Participation Agreement

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