Base license definition
Examples of Base license in a sentence
Customer shall only be entitled to use Simcenter Flex Tokens if Customer has purchased a Simcenter Flex Base license option.
Base license tier systems can separately license the applications.
Base Fees: Base license fees are fixed annual fees for utilizing selected SaaS applications of TraceLink’s Track & Trace Solutions (i.e. Product Track, Serial Number Exchange, Automated Validation Manager, Edge Track, etc.).
If Licensor shall terminate this license pursuant to the terms of this paragraph 6, Licensee shall remain liable to Licensor for any unpaid Base license fee and Sundry Service Fee and all other damages, costs and expenses incurred by Licensor arising out of Licensees default.
In the event Licensee delivers notice of non-renewal to Licensor but fails to surrender occupancy and holds over possession beyond the expiration date then, at Licensor option, (i) the monthly Base license fee due and payable during the holdover period shall be 150 % of the Base license fee paid by Licensee prior to holdover, or (ii) the non-renewal notice from Licensee shall be deemed null and void, and the term renewed.