Common use of TERM OF LICENSE; TERMINATION Clause in Contracts

TERM OF LICENSE; TERMINATION. The term of each subscription license shall be twelve months from the Delivery Date unless the Order Form states otherwise and the license for the Software and this Agreement will terminate at the end of the subscription term unless it is renewed. Each subsequent annual renewal subscription term will start on the day following the expiration of the previous subscription term regardless of the actual subscription renewal date. The subscription term and each renewal thereof is referred to herein collectively as the “Term.” You may terminate this Agreement at any time by providing written notice to Licensor, however, you will remain liable for the full amount of license fees for the entire subscription term and you will not receive a refund of any fees paid. If at any time you fail to make timely payment of any applicable fees due in respect of Software licensed or maintenance service or use the Software in excess of the number of licenses purchased or violate any term or condition contained herein, then Licensor may, in addition to any other remedy to which it may be entitled, terminate your license to the Software and any rights you may have to maintenance services. Either party may terminate this Agreement, effective immediately upon written notice, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors, if that petition or proceeding is not dismissed with prejudice within sixty (60) days after filing. If Your license term expires without renewal or reinstatement or otherwise terminates, then You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If Licensor is terminating the license for cause, and you have acquired a subscription license, you remain liable for all unpaid subscription fees that are payable for the entire subscription period. Within thirty (30) days following any expiration or termination, an authorized signatory of your organization will certify in writing to Licensor that the original and all copies of the Software have been destroyed or returned to Licensor. The provisions of Sections 1 (Defined Terms), 7 (Fees) for so long as any fees are due to Licensor, 10 (Verification), 11 (Ownership), 12 (Term of License; Termination), 13 (Indemnification), 14 (Disclaimer of Warranty), 15 (Limitation of Liability), 16 (General).

Appears in 2 contracts

Samples: Enterprise Connectors Software License Agreement, Software License Agreement

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TERM OF LICENSE; TERMINATION. The If you purchased a subscription license, then the term of each the subscription license shall be twelve months from the Delivery Date unless the Order Form states otherwise and the license for the Software and this Agreement will terminate at the end of the subscription term Subscription Term unless it is renewed. Each subsequent annual renewal subscription term Subscription Term will start on the day following the expiration of the previous subscription term Subscription Term regardless of the actual subscription renewal datedate (“ Subscription Term”). The subscription term If the Order Form specifically states your Software license is “perpetual”, then unless terminated earlier herein, the Software license and each renewal thereof is this Agreement begins on the Delivery Date and continues perpetually (“ Perpetual Term”). Collectively, the Subscription Term and the Perpetual Term may be referred to herein collectively as the Term.” ”. You may terminate this Agreement at any time by providing written notice to Licensor, however, you will remain liable for the full amount of license fees for the entire subscription term Term and you will not receive a refund of any fees paid. If Your Subscription Term expires without renewal or otherwise terminates, then all Updates and New Releases shall cease, all licenses granted herein and this Agreement immediately terminates and You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If at any time you fail to make timely payment of any applicable fees due in respect of Software licensed or maintenance service or use Use the Software in excess of your purchased licenses but fail to timely notify Licensor of such excess use and purchase and pay for the number of additional licenses purchased as required or violate otherwise breach any term or condition contained hereinof this Agreement, then Licensor may, in addition to any other remedy to which it may be entitled, terminate your license to the Software and any rights you may have to support and maintenance services, including Updates and New Releases. Either party may terminate this Agreement, effective immediately upon written notice, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors, if that petition or proceeding is not dismissed with prejudice within sixty (60) days after filing. If Your license term expires without renewal or reinstatement or otherwise terminates, then You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If Licensor is terminating the license for cause, and you have acquired a subscription license, you remain liable for all unpaid subscription fees that are payable for the entire subscription periodSubscription Term. Within thirty (30) days following any expiration or termination, an authorized signatory of your organization will certify in writing to Licensor that (i) all Application distribution has ceased and (ii) the original and all copies of the Software have been destroyed or returned to Licensor. The provisions of Sections 1 3 (Defined TermsConfidential Information), 5 (License Transfer and Restrictions), 7 (Fees) for so long as any fees are due to Licensor, 10 (VerificationRecord Keeping and Audit), 11 (Ownership), 12 (Term of License; Termination), 13 (Indemnification), 14 (Disclaimer of Warranty), 15 (Limitation of Liability), 16 (General)) and 17 (Definitions) shall survive termination or expiration of this Agreement. For the avoidance of doubt, sublicenses of the Software validly granted by you to your Application end-users hereunder shall survive termination or expiration of this Agreement.

Appears in 1 contract

Samples: User License Agreement

TERM OF LICENSE; TERMINATION. The If you purchased a subscription license, then the term of each the subscription license shall be twelve months from the Delivery Date unless the Order Form states otherwise and the license for the Software and this Agreement will terminate at the end of the subscription term unless it is renewed. Each subsequent annual renewal subscription term will start on the day following the expiration of the previous subscription term regardless of the actual subscription renewal datedate ("Subscription Term"). The subscription term If the Order Form specifically states your Software license is "perpetual", then unless terminated earlier herein, the Software license and each renewal thereof is this Agreement begins on the Delivery Date and continues perpetually ("Perpetual Term"). Collectively, the Subscription Term and the Perpetual Term may be referred to herein collectively as the "Term.” ". You may terminate this Agreement at any time by providing written notice to Licensor, however, you will remain liable for the full amount of license fees for the entire subscription term Subscription Term and you will not receive a refund of any fees paid. If at any time you fail to make timely payment of any applicable fees due in respect of Software licensed or maintenance service or use Use the Software in excess of your purchased licenses but fail to timely notify Licensor of such excess use and purchase and pay for the number of additional licenses purchased as required or violate otherwise breach any term or condition contained hereinof this Agreement, then Licensor may, in addition to any other remedy to which it may be entitled, terminate your license to the Software and any rights you may have to support and maintenance services, including Updates and New Releases. Either party may terminate this Agreement, effective immediately upon written notice, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors, if that petition or proceeding is not dismissed with prejudice within sixty (60) days after filing. If Your license term expires without renewal or reinstatement or otherwise terminates, then You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If Licensor is terminating the license for cause, and you have acquired a subscription license, you remain liable for all unpaid subscription fees that are payable for the entire subscription periodSubscription Term. Within thirty (30) days following any expiration or termination, an authorized signatory of your organization will certify in writing to Licensor that the original and all copies of the Software have been destroyed or returned to Licensor. The following applies solely to subscription licenses: the provisions of Sections 1 5 (Defined TermsConfidential Information), 7 (Fees) for so long as any fees are due to Licensor, 10 (VerificationRecordkeeping and Audit), 11 (Ownership), 12 (Term of License; Termination), 13 (Indemnification), 14 (Disclaimer of Warranty), 15 (Limitation of Liability), 16 (General)) and Exhibit A (Definitions) shall survive termination or expiration of this Agreement. For the avoidance of doubt, sublicenses of the Software validly granted by you to your Application end-users hereunder shall survive termination or expiration of this Agreement.

Appears in 1 contract

Samples: End User License Agreement

TERM OF LICENSE; TERMINATION. The If you purchased a subscription license, then the term of each the subscription license shall be twelve months from the Delivery Date unless the Order Form states otherwise and the license for the Software and this Agreement will terminate at the end of the subscription term Subscription Term unless it is renewed. Each subsequent annual renewal subscription term Subscription Term will start on the day following the expiration of the previous subscription term Subscription Term regardless of the actual subscription renewal datedate (“Subscription Term”). The subscription term If you purchased a perpetual license, then unless terminated earlier herein, the Software license and each renewal thereof is this Agreement begins on the Delivery Date and continues perpetually (“Perpetual Term”). Collectively or individually depending on your purchase, the Subscription Term and the Perpetual Term may be referred to herein collectively as the Term.” ”. You may terminate this Agreement at any time by providing written notice to Licensor, however, you will remain liable for the full amount of license fees for the entire subscription term Term and you will not receive a refund of any fees paid. If Your Subscription Term expires without renewal or otherwise terminates, then all Updates and New Releases shall cease, all licenses granted herein and this Agreement immediately terminates and You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If at any time you fail to make timely payment of any applicable fees due in respect of Software licensed or maintenance service or use Use the Software in excess of your purchased licenses but fail to timely notify Licensor of such excess use and purchase and pay for the number of additional licenses purchased as required or violate otherwise breach any term or condition contained hereinof this Agreement, then Licensor may, in addition to any other remedy to which it may be entitled, terminate your license to the Software and any rights you may have to support and maintenance services, including Updates and New Releases. Either party may terminate this Agreement, effective immediately upon written notice, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors, if that petition or proceeding is not dismissed with prejudice within sixty (60) days after filing. If Your license term expires without renewal or reinstatement or otherwise terminates, then You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If Licensor is terminating the license for cause, and you have acquired a subscription license, you remain liable for all unpaid subscription fees that are payable for the entire subscription periodSubscription Term. Within thirty (30) days following any expiration or termination, an authorized signatory of your organization will certify in writing to Licensor that (i) all Application distribution has ceased and (ii) the original and all copies of the Software have been destroyed or returned to Licensor. The provisions of Sections 1 (Defined Terms), 7 (Fees) for so long as any fees Fees are due to Licensor, 10 (Verificationfrom you), 11 (Ownership)11, 12 (Term of License; Termination)12, 13 (Indemnification)13, 14 (Disclaimer of Warranty)14, 15 (Limitation of Liability)15, 16 (General)and 17 shall survive termination or expiration of this Agreement. For the avoidance of doubt, sublicenses of the Software validly granted by you to your Application Customers hereunder shall survive termination or expiration of this Agreement for any reason.

Appears in 1 contract

Samples: User License Agreement

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TERM OF LICENSE; TERMINATION. The If you purchased a subscription license, then the term of each the subscription license shall be twelve months from the Delivery Date unless the Order Form states otherwise and the license for the Software and this Agreement will terminate at the end of the subscription term Subscription Term unless it is renewed. Each subsequent annual renewal subscription term Subscription Term will start on the day following the expiration of the previous subscription term Subscription Term regardless of the actual subscription renewal datedate ("Subscription Term"). The subscription term If you purchased a perpetual license, then unless terminated earlier herein, the Software license and each renewal thereof is this Agreement begins on the Delivery Date and continues perpetually ("Perpetual Term"). Collectively or individually depending on your purchase, the Subscription Term and the Perpetual Term may be referred to herein collectively as the "Term.” ". You may terminate this Agreement at any time by providing written notice to Licensor, however, you will remain liable for the full amount of license fees for the entire subscription term Term and you will not receive a refund of any fees paid. If Your Subscription Term expires without renewal or otherwise terminates, then all Updates and New Releases shall cease, all licenses granted herein and this Agreement immediately terminates and You shall promptly destroy all copies of the Software and related documentation in your possession or control. If at any time you fail to make timely payment of any applicable fees due in respect of Software licensed or maintenance service or use Use the Software in excess of your purchased licenses but fail to timely notify Licensor of such excess use and purchase and pay for the number of additional licenses purchased as required or violate otherwise breach any term or condition contained hereinof this Agreement, then Licensor may, in addition to any other remedy to which it may be entitled, terminate your license to the Software and any rights you may have to support and maintenance services, including Updates and New Releases. Either party may terminate this Agreement, effective immediately upon written notice, if the other party becomes the subject of a voluntary or involuntary petition in bankruptcy or any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors, if that petition or proceeding is not dismissed with prejudice within sixty (60) days after filing. If Your license term expires without renewal or reinstatement or otherwise terminates, then You shall promptly destroy or return to Licensor all copies of the Software and related documentation in your possession or control. If Licensor is terminating the license for cause, and you have acquired a subscription license, you remain liable for all unpaid subscription fees that are payable for the entire subscription periodSubscription Term. Within thirty (30) days following any expiration or termination, an authorized signatory of your organization will certify in writing to Licensor that the original and all copies of the Software have been destroyed or returned to Licensordestroyed. The provisions of Sections 1 (Defined Terms), 7 (Fees) for so long as any fees Fees are due to Licensor, 10 (Verificationfrom you), 11 (Ownership)11, 12 (Term 12, 13, 14, 15, 16, 17 and any definitions in Exhibit A shall survive termination or expiration of License; Termination), 13 (Indemnification), 14 (Disclaimer of Warranty), 15 (Limitation of Liability), 16 (General)this Agreement.

Appears in 1 contract

Samples: End User License Agreement

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