Initial Subscription Term definition
Examples of Initial Subscription Term in a sentence
If you request additional User Subscriptions or modules then you shall pay to us, on a prorated basis for the remainder of the Initial Subscription Term or the then current Renewal Term, the relevant fees (based on our then current price list) for such additional User Subscriptions or modules.
Unless otherwise stated in the order form or in Section 14.1 of this Agreement, the Initial Subscription Term shall be 12 months (“Initial Subscription Term”).
The Initial Subscription Term together with any subsequent renewals will constitute the “Subscription Term”.
We will invoice you on or around the Commencement Date for the Subscription Fees payable in respect of the Initial Subscription Term and, subject to section 9.1, at least thirty (30) days prior to each anniversary of the Commencement Date for the Subscription Fees payable in respect of the next Renewal Term.