Indefinite License Term Clause Samples

Indefinite License Term. If Licensee chooses to license the Software for an indefinite term, Licensee shall notify Serena of such intention via an Order Instrument and Licensee agrees to pay for such license. An Order Instrument from Licensee shall be evidence of Licensee’s acceptance of the terms and conditions herein that apply to a license of indefinite term. Upon receipt by Serena of an acceptable Order Instrument and shipment by Serena of the keys and codes required by the Software pursuant thereto, the Evaluation Period shall end, the terms of this Section 11.0 shall cease to modify the terms of this Agreement, and the term of the license shall continue for an indefinite term, subject to the terms and conditions herein, unless or until terminated.