Common use of Minimum Commitment Clause in Contracts

Minimum Commitment. The payment obligations per this section are only applicable if a Minimum Commitment is specified on the Order Form. In the event Client elects to make an extended commitment to receive Maintenance, hosting services and/or continue with its Subscrip tion Licence as a part of their order, the duration of that commitment is specified on the Order Form (“Minimum Commitment”), and that commitment will commence concurrent with the Initial Term of Maintenance. If Client cancels its order, fails to pay the specified fees for the duration of the Minim um Commitment in accordance with this section, or this Agreement is otherwise terminated (other than for the failure of the Software to be accepted), Client agrees to immediately pay all outstanding invoices and 100% of all remaining fees otherwise due for the remainder of the term of the Minimum Commitment. Client’s obligation to pay the remaining fees during the term of the Minimum Commitment shall cease if Client has remained current with payments of said fees prior to cessation, and also prior to cessation Interneuron was in an RL Service Breach, as defined in Section 7(f) below.

Appears in 1 contract

Sources: Terms of Use

Minimum Commitment. The payment obligations per this section are only applicable if a Minimum Commitment is specified on the Order Form. In the event Client elects to make an extended commitment to receive Maintenance, hosting services and/or continue with its Subscrip tion Subscription Licence as a part of their order, the duration of that commitment is specified on the Order Form (“Minimum Commitment”), and that commitment will commence concurrent with the Initial Term of Maintenance. If Client cancels its order, fails to pay the specified fees for the duration of the Minim um Minimum Commitment in accordance with this section, or this Agreement is otherwise terminated (other than for the failure of the Software to be accepted), Client agrees to immediately pay all outstanding invoices and 100% of all remaining fees otherwise due for the remainder of the term of the Minimum Commitment. Client’s obligation to pay the remaining fees during the term of the Minimum Commitment shall cease if Client has remained current with payments of said fees prior to cessation, and also prior to cessation Interneuron IAMRecognised was in an RL Service Breach, as defined in Section 7(f) below.

Appears in 1 contract

Sources: Terms of Use License Agreement

Minimum Commitment. The payment obligations per this section are only applicable if a Minimum Commitment is specified on the Order Form. In the event Client elects to make an extended commitment to receive Maintenance, hosting services and/or continue with its Subscrip tion Subscription Licence as a part of their order, the duration of that commitment is specified on the Order Form (“Minimum Commitment”), and that commitment will commence concurrent with the Initial Term of Maintenance. If Client cancels its order, fails to pay the specified fees for the duration of the Minim um Minimum Commitment in accordance with this section, or this Agreement is otherwise terminated (other than for the failure of the Software to be accepted), Client agrees to immediately pay all outstanding invoices and 100% of all remaining fees otherwise due for the remainder of the term of the Minimum Commitment. Client’s obligation to pay the remaining fees during the term of the Minimum Commitment shall cease if Client has remained current with payments of said fees prior to cessation, and also prior to cessation Interneuron was in an RL Service Breach, as defined in Section 7(f) below.

Appears in 1 contract

Sources: Terms of Use License Agreement

Minimum Commitment. The payment obligations per this section are only applicable if a Minimum Commitment is specified on the Order Form. In the event Client elects to make an extended commitment to receive Maintenance, hosting services and/or continue with its Subscrip tion Licence as a part of their order, the duration of that commitment is specified on the Order Form (“Minimum Commitment”), and that commitment will commence concurrent with the Initial Term of Maintenance. If Client cancels its order, fails to pay the specified fees for the duration of the Minim um Commitment Minimum Com mitment in accordance with this section, or this Agreement is otherwise terminated (other than for the failure of the Software to be accepted), Client agrees to immediately pay all outstanding invoices and 100% of all remaining fees otherwise due for the remainder of the term of the Minimum Commitment. Client’s obligation to pay the remaining fees during the term of the Minimum Commitment shall cease if Client has remained current with payments of said fees prior to cessation, and also prior to cessation Interneuron was in an RL Service Breach, as defined in Section 7(f) below.

Appears in 1 contract

Sources: Terms of Use License Agreement