Examples of Initial License Term in a sentence
During the Initial License Term or any License Renewal Term, ES&S may provide new releases, upgrades or maintenance patches to the ES&S Software, together with appropriate Documentation (“Updates”), on a schedule defined by ES&S.
Upon expiration of the Initial License Term, the licenses shall automatically renew for an unlimited number of successive one-year periods (each a “License Renewal Term”) upon the payment by Customer of the annual software license and software maintenance and support fee as set forth on the front side of this Agreement.
Rave reserves the right to increase the above-referenced “Annual License Fees” (not to exceed 10% annually) following the Initial License Term or any Renewal License Term, as the case may be.
Any additional Subscription License Orders processed during the License Term will be added to Customer’s then current License Term and are subject to the Master Terms and Software Subscription License Supplement in effect at the commencement of the then current Initial License Term or Renewal License Term as the case may be.
During the Initial License Term or any License Renewal Term for which Customer has paid the associated renewal fees, ES&S may provide new releases, upgrades, or maintenance patches to the ES&S Software, together with appropriate Documentation (“Updates”), on a schedule solely defined by ES&S.