License Verification and Reconciliation; Invoicing Clause Samples

The "License Verification and Reconciliation; Invoicing" clause establishes the process by which the licensee's use of licensed materials or services is periodically reviewed and reconciled against the terms of the license agreement. Typically, this involves the licensee providing usage reports or allowing audits, after which any discrepancies—such as overuse or underuse—are identified and addressed, often resulting in adjustments to invoicing or payments. This clause ensures that both parties maintain transparency regarding usage and payments, helping to prevent disputes and ensuring that the licensor is properly compensated for actual use.
License Verification and Reconciliation; Invoicing. (i) Per Subscriber License, Per Bandwidth License, and Per Virtual CPU License. For Per Subscriber Licenses, Per Bandwidth Licenses, and Per Virtual CPU Licenses, End User’s scope of deployment and use of the licenses shall be verified and reconciled on a periodic basis by ▇▇▇▇▇▇▇▇. At Sandvine’s sole discretion, Sandvine may collect and use some, all or none of the following usage metrics, or other metrics not listed: the total number of Products and Third Party Items deployed, the amount of bandwidth used, the total number of subscribers, the Software Modules that are deployed, the various Software features that have been activated and, in the case of a Per Virtual CPU License, the number of virtual CPUs. If Sandvine’s verification and reconciliation indicates that additional Per Subscriber Licenses, additional Per Bandwidth Licenses, or additional Per Virtual CPU Licenses are required based on End User’s actual usage, the applicable fees shall be calculated by ▇▇▇▇▇▇▇▇ and payable by End User commencing from the start of applicable Sandvine review period. For example, if ▇▇▇▇▇▇▇▇’s verification and reconciliation conducted as of September 30th for the period September 1 until September 30 indicates that additional Per Subscriber Licenses are required during that period, the applicable license fees, and corresponding Support and Maintenance Service fees, shall be calculated and payable from September 1 onwards. It is expected that End User will be operating ▇▇▇▇▇▇▇▇’s License Manager in “online” mode. If End User is operating ▇▇▇▇▇▇▇▇’s License Manager in “offline” mode, then End User or someone on behalf of End User must perform a procedure on a periodic basis (approximately, once every 90 days) that enables Sandvine to collect the metrics described above. If metrics indicate that additional Per Subscriber Licenses, additional Per Bandwidth Licenses, or additional Per Virtual CPU Licenses are required based on End User’s actual usage, the applicable fees shall be calculated by Sandvine and payable by End User commencing from the start of applicable Sandvine review period.
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Related to License Verification and Reconciliation; Invoicing

  • Account Reconciliation You will verify and reconcile any out-of-balance condition, and promptly notify the Credit Union of any errors within the time periods established in the Membership and Account Agreement after receipt of your account statement. If notified within such period, the Credit Union shall correct and resubmit all erroneous files, reports, and other data at the Credit Union's then standard charges, or at no charge, if the erroneous report or other data directly resulted from the Credit Union's error.

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  • Contract Reconciliation Grantee, within 45 calendar days after the end of each fiscal term year, will submit to the System Agency email box, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇.▇▇, financial and reconciliation reports required by System Agency in forms as determined by System Agency.

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