Common use of Licensor Software Clause in Contracts

Licensor Software. the latest electronic unmodified standard version (as it is at the time of entering into this Agreement) of a To-Increase standard software product, including Applica- tion Code, any external components and certified solutions which have been integrated into the software, and any related Documentation Licensor in its discretion provides. It explicitly excludes MS Dynamics software or any other third-party soft- ware that may be delivered with the Licensor Software. Reseller: the company that implements the Licensor Software, if a such company is involved, for Licensee and where Licensee can place orders for the Licensor Software or obtain other (support) services. Software Agreement: a written agreement (either terms ap- proved online or a physically signed agreement document) un- der which the Licensee has ordered the use right to Licensor Software (hereunder where the license size and price depend- ing on the relevant Unit of Measure has been described), such Software Agreement to be entered into either: a) directly be- tween Licensor and Licensee, or b) between Reseller and Li- censee. The Software Agreement governs the actual lease of the license to Licensee, while the license rights and obligations between Licensor and Licensee, hereunder but not limited to warranties for the Licensor Software, is governed by the Soft- ware License Terms (this Agreement). Subsidiary: any company controlled by Licensee by ownership of more than 50% of the shares or the voting rights in such company. Tenant: has the same meaning as ‘Tenant’ is at any time de- fined by Microsoft in its own general terms for Microsoft Dy- namics Software. Unit of Measure: the way by which Licensor Software is meas- ured, for example full user, enterprise and functional user, le- gal entity, module, invoice, message or published connection. The applicable Unit of Measure for the License is specified in the relevant separate Software Agreement under which Licen- see has leased Licensor Software (at a price determined based on Unit of Measure thresholds). Update: Licensor’s smaller service packs, a correction of an Er- ror, or any other changes to the Licensor Software (including potentially a new version thereof) made available by Licensor to Licensee by being uploaded in Licensee’s asset library in Mi- crosoft Dynamics.