Common use of Ongoing Support Clause in Contracts

Ongoing Support. Following expiration of the period set forth in Section 5.1, iGST may elect to purchase additional support and maintenance services from Coreum at Coreum's then-current hourly rate plus reasonable expenses. Alternatively, iGST may purchase annual support and maintenance services at Coreum's then-current annual rates, payable in advance in quarterly installments. iGST may cancel such services upon receipt of Coreum's invoice for any semiannual installment or at any time upon ninety (90) days prior notice to Coreum, and receive a pro rata refund of any prepayments for the cancelled period. Coreum's rates are subject to change at Coreum's sole discretion upon thirty (30) days' advance notice for any period not then currently paid for by iGST.

Appears in 3 contracts

Sources: Joint Development Agreement (Tvia Inc), Joint Development Agreement (Tvia Inc), Joint Development Agreement (Tvia Inc)