Common use of Service Credit Limitations Clause in Contracts

Service Credit Limitations. Service Credits may not be exchanged for, or converted to, monetary amounts. Service Credits do not earn interest. Service Credits will not accumulate within a single Subscription Period in an amount more than 1 months’ worth of Cloud Service fees. However, for Invoice Periods shorter than one year, Service Credits will not accumulate within an Invoice Period in an amount more than 5% of the Cloud Service fees in that Invoice Period.

Appears in 6 contracts

Samples: Cloud Service Agreement, Cloud Service Agreement, Cloud Service Agreement

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Service Credit Limitations. Service Credits may not be exchanged for, or converted to, monetary amounts. Service Credits do not earn interest. Service Credits will not accumulate within a single Subscription Period in an amount more than 1 months' worth of Cloud Service fees. However, for Invoice Periods shorter than one year, Service Credits will not accumulate within an Invoice Period in an amount more than 5% of the Cloud Service fees in that Invoice Period.

Appears in 1 contract

Samples: Cloud Service Agreement

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Service Credit Limitations. Service Credits may not be exchanged for, or converted to, monetary amounts. Service Credits do not earn interest. Service Credits will not accumulate within a single Subscription Period in an amount more than 1 months’ worth worth8% of Cloud Service fees. However, ,Fees for Invoice Periods shorter than one year, ,that Subscription Period. Service Credits will not accumulate within an Invoice Period in an amount more than 5% of ofexpire when the Cloud Service fees in that Invoice Period. applicable Order Form ends.

Appears in 1 contract

Samples: Service Level Agreement

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