Renewal Term Subscription Fees. Subject to the following sentence, Britannica reserves the right to increase Subscription Fees for each Renewal Term as follows: (a) for renewals below Seven Hundred and Fifty U.S. Dollars, Britannica reserves the right to increase Subscription Fees for each Renewal Term by an amount equal to 10% of the Subscription Fees for the Term immediately preceding the Renewal Term; and (b) for renewals at or above Seven Hundred and Fifty U.S. Dollars, Britannica reserves the right to increase Subscription Fees for the Renewal Term by an amount equal to three percent (3%) of the Subscription Fees for the Term immediately preceding the Renewal Term. Subscription Fees for any Renewal Term will not exceed Britannica’s then-current subscription rates for similarly situated, new customers, and shall be subject to the payment terms set forth in Section 7 below. 7. Payment of Fees; Late Payment. Subscription Fees for the Services shall be (a) due 30 days after receipt of Britannica’s invoice, including any Excess Use Invoice, or as otherwise agreed upon by the parties in an Order form; (b) non-refundable; and (c) exclusive of any and all taxes, fees, and other charges. Further, in the event of any underpayment or late payment of Fees by Subscriber, Subscriber shall be subject to the payment of a penalty in the amount equivalent to 1.5% (one and half per cent) of the total debt, plus interest in the highest amount permitted by the law, without the prejudice of Britannica’s right to terminate this Agreement and the related Services.
Renewal Term Subscription Fees. Subject to the following sentence, Britannica reserves the right to increase Subscription Fees for each Renewal Term as follows: (a) for renewals below Seven Hundred and Fifty U.S. Dollars, Britannica reserves the right to increase Subscription Fees for each Renewal Term by an amount equal to 10% of the Subscription Fees for the Term immediately preceding the Renewal Term; and (b) for renewals at or above Seven Hundred and Fifty U.S. Dollars, Britannica reserves the right to increase Subscription Fees for the Renewal Term by an amount equal to three percent (3%) of the Subscription Fees for the Term immediately preceding the Renewal Term. Subscription Fees for any Renewal Term will not exceed Britannica’s then-current subscription rates for similarly situated, new customers, and shall be subject to the payment terms set forth in Section 7 below.
Renewal Term Subscription Fees. Subject to the following sentence, Britannica reserves the right to increase Subscription Fees by a maximum of 10%. Subscription Fees for any Renewal Term will not exceed Britannica’s then- current subscription rates for similarly situated, new customers, and shall be subject to the payment terms set forth in Section 7 below.
