Initial Order Term means in the term specified in an Order; Insolvency Event means, in relation to a Party:
Initial Order Term means the initial term as outlined in any Order.
Initial Order Term means, with respect to an Order, the period commencing on the Order Effective Date set forth on such Order and ending on the date that is the number of months set forth as the Initial Order Term duration on such Order after the Order Effective Date, except that, in the case of any Customer that has reached the end of a Trial Period without cancelling the applicable Trial Order, the Initial Order Term shall commence on the first day after the last day of the Trial Period and shall continue until the date that is twelve (12) months thereafter.
Examples of Initial Order Term in a sentence
Following the initial term under any Order (the “Initial Order Term”), except as otherwise provided in the Order, such Order will automatically renew for additional periods equal to the duration of the Initial Order Term (each, a “Renewal Order Term” and each Renewal Order Term and/or Initial Order Term, an “Order Term”), unless a party has given the other party written notice of its intent to not renew such Order at least 30 days prior to the end of the then-current Order Term.
More Definitions of Initial Order Term
Initial Order Term has the meaning in the applicable Order Form.
Initial Order Term means the Contract Term stated on the first Order Form for the purchase of the Services by End User.