Examples of Initial Subscription Period in a sentence
If Your license is automatically renewed the term length for Your next renewal period for each Subscription Software shall be either: (a) 12 months, if Your Initial Subscription Period and/or Your last Renewal Period was less than a 36 month term; or (b) 36 months, if Your Initial Subscription Period and/or Your last Renewal Period was for a term of 36 months or more.
Thereafter, Your license shall be automatically renewed for either 12 months or 36 months (each a “Renewal Period”), unless either party notifies the other party of termination in writing, at least 30 days before the end of the Initial Subscription Period or any Renewal Period, in which case the license shall terminate upon the expiry of the applicable Initial Subscription Period or Renewal Period.
We reserve the right to retire any Subscription Software on written notice by Us at any time to come into effect at the end of Your then current Initial Subscription Period or Renewal Period (as the case may be).