Credit Based Subscription Model Sample Clauses
The Credit Based Subscription Model clause defines how a customer accesses services or products by purchasing a set number of credits, which can then be redeemed over time. Typically, the clause outlines how credits are acquired, their validity period, and the process for using them to obtain specific offerings, such as digital content, software features, or consulting hours. This model provides flexibility for customers to use services as needed while allowing the provider to manage usage and revenue predictably.
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Credit Based Subscription Model. If the Product has been subscribed to on a Credit Based Subscription Model basis, then then Customer's access to and use of the Product shall be limited to and shall not exceed the number of Credits set forth in the Transaction Document. Customer will purchase Credits at the start of the initial term and on each renewal term. The Customer's rights to use such Credits will expire on the initial term and any renewal term on which the Credits were purchased. Where Customer purchases Top-up Credits, such Top-up Credits will be purchased at the agreed rate and will expire at the end of the initial term or renewal term, as applicable. CGC may, but is not required to efforts to send notifications to the Account Administrator in connection with the following events: • One month before Customer's projected usage will have consumed all remaining Credits. • One week before Customer's projected usage will have consumed all remaining Credits. • When all credits have been consumed. Where the Customer's use of the Product exceeds the number of Credits or Top-Up Credits purchased ("Excess Usage"), CGC reserves the right to deny access to such Product. CGC reserves the right to charge Customer for Excess Usage at a rate equal to 40% of the applicable fees for such Product.
Credit Based Subscription Model. If the Software has been subscribed to on a credit based subscription model basis, then Your use of the Software shall be limited to and shall not exceed the number of Credits set forth in the Order Form. You will purchase Credits at the start of the initial term and on each renewal term of the Software Term. Your rights to use such Credits will expire on the initial term and any renewal term on which the Credits were purchased. Where You purchases Top-up Credits, such Top-up Credits will be purchased at the agreed rate and will expire at the end of the initial term or renewal term, as applicable. AVEVA may, but is not required to send notifications to the Account Administrator in connection with the following events: • One (1) month before Your projected usage will have consumed all remaining Credits.
(1) week before Your projected usage will have consumed all remaining Credits. • When all credits have been consumed. Where Your use of the Software exceeds the number of Credits or Top-Up Credits purchased (“Excess Usage”), AVEVA reserves the right to deny use of the Software. AVEVA reserves the right to charge You for Excess Usage at a rate equal to forty percent (40%) of the applicable fees for such Software. Notwithstanding Section 3 (Payments), if You owe AVEVA any unpaid fees or have any issued and outstanding invoice(s), You shall pay the full amount of such unpaid fees and/or invoice(s) to AVEVA prior to purchasing Top-up Credits.
Credit Based Subscription Model. If the Product has been subscribed to on a Credit Based Subscription Model basis, then then Customer’s access to and use of the Product will be limited to and will not exceed the number of Credits set forth in the Transaction Document. Customer will purchase Credits at the start of the initial term and on each renewal term. The Customer’s rights to use such Credits will expire at the end of the initial term • One (1) month before Customer’s projected usage will have consumed all remaining Credits. • One (1) week bef ore Customer’s projected usage will have consumed all remaining Credits. • When all Credits have been consumed. Where the Customer’s use of the Product exceeds the number of Credits (an “Overdraft”) the Customer will be required to purchase additional Credits in the form of Top-Up Credits to remedy the AVEVA Connect Account being overdrawn, within f orty-five (45) days of any Overdraft. AVEVA reserves the right to limit or deny access to future consumption of Credits if Customer fails to correct an Overdraft in accordance with this Section 4.2.5. Notwithstanding Section 3 (Payments and Invoicing) of the GTCs, if Customer owes AVEVA any unpaid f ees or has any issued and outstanding invoice(s), Customer shall pay the f ull amount of such unpaid fees and/or invoice(s) to AVEVA prior to purchasing Top-up Credits.