Common use of Reinstatement of SMA Clause in Contracts

Reinstatement of SMA. In the event of non-renewal of this SMA by Customer, Customer may at any time elect to reinstate this SMA. To obtain reinstatement, Customer shall deliver written notice to such effect to ImageSoft. ImageSoft shall calculate and provide a proposal for reinstatement where the total cost will not be greater than 110% of the aggregate total cost of the entire period of lapsed coverage and the renewal term. Reinstatement will not be complete until payment in full is received. EXCEPT AS EXPRESSLY PROVIDED BY THIS SECTION, CUSTOMER SHALL HAVE NO RIGHT TO REINSTATE THIS AGREEMENT FOLLOWING THE TERMINATION THEREOF FOR ANY REASON.

Appears in 5 contracts

Samples: System Maintenance Agreement, ’s Agreement, System Maintenance Agreement

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