Common use of Initial and Renewal Fees Clause in Contracts

Initial and Renewal Fees. The maintenance fee for XHQ Software is payable in annual increments at the beginning of every calendar year in advance. For the year in which the license is purchased and maintenance services commence the maintenance fee will be pro-rated to cover the period of time from the commencement of the services until December 31st of that year.

Initial and Renewal Fees. The maintenance fee for XHQ Software is payable in annual increments at the beginning of every calendar year in advance. For the year in which the license is purchased and maintenance services commence the maintenance fee will be pro-rated pro‐rated to cover the period of time from the commencement of the services until December 31st of that year.