Common use of Software Licence Fees Clause in Contracts

Software Licence Fees. 5.1 The Purchaser shall pay Olympus the Software Licence Fees (if any) in accordance with this Clause 5 of this Schedule 5 and Clause 8 of the General Terms in respect of the licence grant under this Schedule 5. 5.2 Unless otherwise agreed in writing by the Parties, the Software Licence Fees for the Initial Fixed Term and any Renewal Term shall be invoiced within thirty (30) days following the start of the Initial Fixed Term or Renewal Term, as applicable. 5.3 The Software Licence Fees will be reviewed on the expiry of the Initial Fixed Term and each Renewal Term (where applicable) and any increase in the Software Licence Fees will be notified to the Purchaser in writing at least twenty (20) Business Days prior to the period in which the increase will apply.