Examples of License Term in a sentence
Unless otherwise provided in the Quote (a) such Support & Maintenance Term for Perpetual Licenses will automatically renew for successive 1-year terms, unless a party provides written notice of its intent not to renew at least 90 days prior to the end of then-current Support & Maintenance Term; and (b) such Support & Maintenance Term for Recurring Licenses will be the same as the License Term.
All copies of the Licensed Products, in whatever form provided by PTC or made by Customer, shall remain the property of PTC, and such copies shall be deemed to be on loan to Customer during the License Term.
For Licenses purchased with a perpetual License Term, such credit shall be equal to the license fees paid by Customer for such Licensed Product depreciated on a straight-line, five year basis.
If you have obtained a Paid License to either the Progress Telerik Test Studio Ultimate Product, Progress Telerik Test Studio Load Product, and/or have purchased additional Licenses to use the Progress Telerik Test Studio Virtual User Pack Product licenses, then your Authorized Users may use the Progress Telerik Test Studio Virtual User Pack Product solely in conjunction with the Test Studio Product for which you have also obtained such Paid License and solely for the duration of the License Term.
If you purchase a Paid License you may install and your Authorized Users may use the applicable Test Studio Products Product Package (as applicable based on the Product(s) identified in the Order or included in the DevTools collection(s) identified in the Order) in executable, object code form on one machine and only for the duration of the License Term (as described below).The Test Studio Products are each licensed per machine.