Initial Order Form definition
Examples of Initial Order Form in a sentence
Subject to payment by Customer of the Fees detailed in the Order Form (Initial Order Form), Ventiv will provide Customer with the services listed below in (a) through (f) (collectively “Services”).
Except as otherwise specified in an Order Form, each individual Order Form will renew automatically for additional periods of 12 months (“Renewal Term(s)”), at the end of its respective Initial Order Form Term or relevant Renewal Term, unless either party gives the other notice of non-renewal at least 30 days prior to the end of the Initial Order Form Term or relevant Renewal Term, as applicable.
You acknowledge and agree that the Software licensed by You will require You to update the Software with a valid License Key before or upon the date of expiry of the then current Initial Order Form Term or Renewal Term for Your continued use of the Software for the applicable Renewal Term.
Unless We have given You written notice of a change to Our pricing at least 60 days before the end of the applicable Initial Order Form Term or relevant Renewal Term, as applicable, the pricing during any automatic Renewal Term will be the same as that of the immediately preceding Initial Order Form Term or relevant Renewal Term, as applicable.
Ventiv will provide the training services to Customer described in the SOW or Initial Order Form, if any (“Training Services”).
Thereafter, the Initial Order Form Term will automatically renew for one year every year until such time as a party gives thirty days prior written notice of termination of the applicable Order Form (each an “Order Form Renewal Term” and together with the Initial Order Form Term the “Order Form Term”).
Unless an Order Form is executed in such Renewal Terms, a binding Order Form with the Minimum Number of Classes set forth on the Budget and Initial Order Form shall be generated and effective at no higher than the list price applicable to that school year.
For each Academic Year during the Agreement Term, the parties shall execute an Order Form setting forth the number of Classes (with such number equal to or greater than the Minimum Number of Classes set forth on the Budget and Initial Order Form and less than or equal to the Maximum Number of Classes set forth on the Budget and Initial Order Form), Periods, Students, fees, and payment schedule for such Academic Year.
The Order Form attached hereto is the “Initial Order Form.” From time to time, the Parties may decide in their discretion to add additional Services, subject to the Parties’ execution of one or more Order Forms which shall be substantially in the form of the Initial Order Form.
You will need to ensure that You update the Software with a valid License Key before or upon the date of expiry of the Initial Order Form Term and, depending on the version of the Software licensed, for each Renewal Term thereafter.