Automatic Renewal of Fixed Term Licenses Clause Samples

The Automatic Renewal of Fixed Term Licenses clause stipulates that a license agreement will automatically renew for an additional term at the end of the current fixed period unless one party provides notice of non-renewal. Typically, this clause applies to software, intellectual property, or service licenses, and requires the licensee or licensor to notify the other party within a specified timeframe if they do not wish to continue the agreement. Its core function is to ensure continuity of service or rights without interruption, while also preventing accidental lapses in coverage due to missed renewal deadlines.
Automatic Renewal of Fixed Term Licenses. Customer may renew Customer’s expiring Fixed Term License by written authorization to renew (e.g., order form, order letter, purchase order), prior to the expiration date, in accordance with the terms of this Agreement. If Customer chooses not to renew the Fixed Term License, Customer agrees to discontinue use of the Program on the expiration date. If, after the expiration date, Customer chooses to resume use of the Program, Customer must pay charges associated with an initial Fixed Term License rather than a Fixed Term License renewal.
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Automatic Renewal of Fixed Term Licenses. The following replaces the paragraph that begins “IF IBM DOES NOT RECEIVE SUCH AUTHORIZATION BY THE EXPIRATION DATE": IBM will renew, for an additional payment, expiring Fixed Term Licenses for all of Customer’s Program licenses for the same duration as the expiring term if IBM or Customer’s reseller receives (1) Customer’s order to renew (e.g., order form, order letter, purchase order) prior to the expiration of the current term or (2) Customer’s payment within 30 days of Customer’s receipt of the Fixed Term License invoice for the next term.
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Automatic Renewal of Fixed Term Licenses and 3.5.4 Automatic Annual Renewal of IBM Software Subscription and Support and Selected Support
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Automatic Renewal of Fixed Term Licenses and 3.5.4 Automatic Annual Renewal of IBM Software Subscription and Support and Selected Support Does not apply for Public Bodies who are subject to the applicable Public Sector Procurement Legislation.
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Automatic Renewal of Fixed Term Licenses and 3.5.4 Automatic Annual Renewal of IBM Software Subscription and Support and Selected Support The transaction document will describe the process of the written communication to Customer containing the applicable price and other information for the renewal period.
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Related to Automatic Renewal of Fixed Term Licenses

  • Automatic Renewal Clauses Incorporated in Awarded Vendor Agreements with TIPS Members Resulting from the Solicitation and with the Vendor Named in this Agreement.

  • Automatic Renewal Limitation for TIPS Sales No TIPS Sale may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated into a TIPS Sale Supplemental Agreement shall only be valid and enforceable when Vendor received written confirmation of acceptance of the renewal term from the TIPS Member for the specific renewal term. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. Any TIPS Sale Supplemental Agreement containing an “Automatic Renewal” clause that conflicts with these terms is rendered void and unenforceable.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

  • Renewal of Agreement This agreement does not automatically renew, and residence in UCF DHRL residence facilities during one agreement period does not guarantee that residence accommodations will be offered to the Student for any following periods. The Student is solely responsible for the timely completion of housing agreements for future periods. UCF DHRL housing agreements shall not be re-offered to residents who are unwilling to adhere to the basic elements of good housekeeping, and community living. UCF DHRL housing agreements shall not be re-offered to residents who disregard or violate rules, regulations, or policies established for governing UCF DHRL residential facilities. Finally, housing agreements shall not be re-offered to residents who have outstanding charges from UCF DHRL.

  • Non-Renewal of Agreement For the avoidance of doubt, the Parties expressly acknowledge and agree that the election by a Party to not renew or extend this Agreement pursuant to Section 3 shall not give rise to any severance or other payment to Executive under this Agreement.