Common use of Subscription Term and Renewal Clause in Contracts

Subscription Term and Renewal. The Hosted Application is sold on a subscription basis for the period beginning on the date of the Order Confirmation and expiring either one (1) month or one (1) year thereafter as indicated on the applicable Order Confirmation (“Subscription Term”). The Subscription Term will automatically renew for an additional Subscription Term at the current retail rate unless (a) any Fees are outstanding at the end of any Subscription Term, or (b) Customer provides written notice of termination at least: (i) fifteen (15) days prior to the end of the then-current Subscription Term if on a monthly basis, or (ii) thirty (30) days prior to the end of the then-current Subscription Term if on an annual basis. Written notice of termination must be provided in accordance with the CCH iFirm subscription cancellation instructions, which may be found at ▇▇▇▇▇://▇▇▇▇▇▇▇.▇▇▇.▇▇▇/sfs/solution/000225158. Notwithstanding the foregoing, CCH SFS, in its discretion and for any reason, may decide not to renew Customer’s Subscription to the Hosted Application, in which case, CCH SFS will make reasonable efforts to notify Customer of this decision prior to the expiration of Customer’s then current Subscription Term.