Common use of Subscription Software Clause in Contracts

Subscription Software. The term of the license for Subscription Software shall begin and end on the dates set forth in the Order (the “Subscription Term”), unless terminated in accordance with this Agreement or an amendment hereto. Any Subscription Software will automatically renew for subsequent terms of the same duration as the initial Subscription Term and at the same quantities in use at the end of the then-current Subscription Term, unless Licensee notifies Netwrix in writing that it will not renew at least sixty (60) days in advance of the end date of the then-current term. Netwrix reserves the right to increase fees for each renewal, which increases will be communicated to Licensee prior to expiration of the then-current term. In the event a Subscription Term expires without renewing automatically or being otherwise renewed by Licensee, then Licensee must pay a fee equal to ten percent (10%) multiplied by the fees applicable to the last year of the most recent Subscription Term in order to reinstate its use of the Subscription Software (the “Subscription Reinstatement Fee”). For the avoidance of doubt, the Subscription Reinstatement Fee is in addition to fees for use of the Subscription Software itself.