Common use of Reinstatement Fee Clause in Contracts

Reinstatement Fee. If the Agreement or any portion of products, services, or licenses provided by RECOLORADO to PARTICIPANT hereunder is terminated or suspended at any time due to PARTICIPANT’s noncompliance with the Agreement or its election to terminate or suspend the Agreement, RECOLORADO may, in addition to all other requirements identified in the Agreement, require PARTICIPANT to pay a Reinstatement Fee in the amount set forth on the Participant Fee Schedule before PARTICIPANT may apply for any reinstatement or resumption of the license under the Agreement.

Reinstatement Fee. If the Agreement or any portion of products, services, or licenses provided by RECOLORADO to PARTICIPANT hereunder is terminated or suspended at any time due to PARTICIPANT’s noncompliance with the Agreement or its election to terminate or suspend the Agreement, RECOLORADO may, in addition to all other requirements identified in the Agreement, require PARTICIPANT to pay a Reinstatement Fee in the amount set forth on the Participant Fee Schedule reinstatement fee before PARTICIPANT may apply for any reinstatement or resumption of the license under the Agreement.