Subsequent License Year definition

Subsequent License Year means each twelve-month period after the First License Year, with each subsequent License Year beginning on the Effective Date of the then-current year and running accordingly.
View Source

Examples of Subsequent License Year in a sentence

  • The Term of License can be extended by mutual agreement for Subsequent License Year period at end of each License Year provided that Licensee duly pays all applicable License Fees under Section 3.

  • If for any Subsequent License Year after the Initial Period, the number of PNRs created exceeds the number shown under "Permissible PNRs" in the table contained in paragraph (b) above, then Licensee shall pay ---------- *** Certain information on this page has been omitted and filed separately with the Commission.

  • Licensee will pay the Basic License Fee for each Subsequent License Year on or prior to January 1of the calendar year in which the applicable Subsequent License Year begins (I.E., the payment for the License Year beginning October 1, 2005 will be payable on January 1, 2005).