Common use of Term and Fees Clause in Contracts

Term and Fees. The initial term for perpetual license Support will commence on the Effective Date and continue for such period as shown on the applicable Order Form (“Support Period”). The Support Period will automatically renew for successive one (1) year renewal terms unless and until terminated as provided in Section 7.4.3 (“Support Termination”). Unless otherwise provided in the Order Form and/or for migrated licenses, perpetual license Support will be provided to Customer at no additional charge during the initial twelve (12) month term following the Effective Date. Perpetual license Support fees for each successive Support renewal term are payable by Customer annually in advance in accordance with Section 2 (Fees, Taxes, and Payment) of this Agreement.