Examples of Annual Subscription Fees in a sentence
Years 2,3,4 and 5 Annual Subscription Fees are due on the anniversary of the Effective Date.
Ongoing Annual Subscription Fees subject to a 4% annual escalation in years 1-3 and 5% annual escalation for years 4 and 5 Professional Services Fees stated above will be invoiced based upon the milestones outlined in Schedule B.
Service Level Credits are not compounding and shall be limited to a maximum of twelve percent (12%) of the pro-rated portion of the Annual Subscription Fees paid by Organization for the Services applicable to the calendar month in which the Service Level Failure occurred (and in no event shall the total Service Level Credits due to Organization in any twelve (12) month period exceed 12% of the Annual Subscription Fees).
The Annual Subscription Fees will be due in advance of the Initial Term and each Renewal Term, and is non- refundable.
Service Period Availability (as calculated in the table above) Service Level Credit (Percentage of Monthly Payment of Annual Subscription Fees) Equal to or greater than 99.5% 0% Equal to or greater than 98.5% 2% Equal to or greater than 97.5% 6% Less than 97.5% 12% For example, in a 30 day period, if the production environment experiences more than 18 hours 6 minutes of unplanned downtime within the 720 hours of the period Organization is entitled to a 6% credit.