Common use of Automatic Renewal of a Subscription Period Clause in Contracts

Automatic Renewal of a Subscription Period. The following replaces the paragraph that begins "IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE": IBM will renew, for an additional payment, the expiring IBM SaaS Subscription Period for either a one year term or the same duration as the original term, if IBM or Customer's reseller receives (1) Customer's order to renew (e.g., order form, order letter, purchase order) prior to the expiration of the current Subscription Period or (2) Customer's payment within 30 days of Customer's receipt of the IBM SaaS invoice for the next term.

Automatic Renewal of a Subscription Period. The following replaces the paragraph that begins "IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE"" in 8.1 Automatic Renewal of a Subscription Period: IBM will renew, for an additional payment, the expiring IBM SaaS Subscription Period for either a one year term or at the same duration as the original termprice and billing frequency, if IBM or Customer's reseller receives (1) Customer's order to renew (e.g., order form, order letter, purchase order) prior to the expiration of the current Subscription Period or (2) Customer's payment within 30 days of Customer's receipt of the IBM SaaS invoice for the next term.

Automatic Renewal of a Subscription Period. The following replaces the paragraph that begins "IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE": IBM will renew, for an additional payment, the expiring IBM SaaS Subscription Period for either a one year term or at the same duration as the original termprice and billing frequency, if IBM or Customer's reseller receives (1) Customer's order to renew (e.g., order form, order letter, purchase order) prior to the expiration of the current Subscription Period or (2) Customer's payment within 30 days of Customer's receipt of the IBM SaaS invoice for the next term.

Automatic Renewal of a Subscription Period. The following replaces the paragraph that begins "IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE"" in 5.1 Automatic Renewal of a Subscription Period: IBM will renew, for an additional payment, the expiring IBM SaaS Subscription Period for either a one year term or the same duration as the original term, if IBM or Customer's reseller receives (1) Customer's order to renew (e.g., order form, order letter, purchase order) prior to the expiration of the current Subscription Period or (2) Customer's payment within 30 days of Customer's receipt of the IBM SaaS invoice for the next term.

Automatic Renewal of a Subscription Period. The following replaces the paragraph that begins "IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE"" in 4.1 Automatic Renewal of a Subscription Period: IBM will renew, for an additional payment, the expiring IBM SaaS Subscription Period for either a one year term or the same duration as the original term, if IBM or Customer's reseller receives (1) Customer's order to renew (e.g., order form, order letter, purchase order) prior to the expiration of the current Subscription Period or (2) Customer's payment within 30 days of Customer's receipt of the IBM SaaS invoice for the next term.