Common use of Software License Fees Clause in Contracts

Software License Fees. Use of the Software by LICENSEE shall be subject to the payment of Initial and Quarterly License Fees for each Software product on each Designated System in the amounts specified on the Quotation of which this Agreement forms a part. Initial License Fees shall be due and payable as of the date on which LICENSEE accepts or is deemed to accept the Software ("Acceptance Date"), and Quarterly License fees shall be due and payable commencing on the first day of the month which is the same as or first follows the Acceptance Date, inclusive of a pro rata amount for the period between the Acceptance Date and the first payment date, and on the first day of every third month thereafter. All license fees shall be due and payable in United States Dollars. Quarterly License Fee rates shall remain in effect for four (4) consecutive quarters. Subject to the foregoing, LICENSOR shall have the right to increase such rates prospectively on an annual basis in a uniform manner with respect to all LICENSEEs upon three (3) months advance written notice to take effect with the quarter which first commences following the expiration of such notice period.