Common use of Subscription Basis Clause in Contracts

Subscription Basis. Software licensed on a Subscription basis is licensed for a fixed Subscription Term, including the beginning and end date, which will be listed on the ISL sales quote or invoice. The Subscription start date will commence on the date that the Software is installed and functional. The Subscription will end at the expiration of the Subscription Term, which is one-year after the Software is installed and functional. The Subscription will not automatically renew. For any Subscription, (i) new Subscriptions can be purchased at any time, provided that such purchases are not for retroactive coverage; and (ii) upon your timely renewal of a Subscription, the start date of your renewed Subscription Term will be the day following the expiration of your current Subscription Term.

Subscription Basis. The Software is licensed on a Subscription basis is licensed for a basis, and the fixed Subscription Term, including the beginning and end date, which will be listed on the ISL sales quote or invoiceInvoice. The Subscription start date will commence on the date that the Software is installed and functional. The Subscription will end at the expiration of the Subscription Term, which is one-year after the Software is installed and functional. The Subscription will not automatically renew. For any Subscription, (i) new Subscriptions can be purchased at any time, provided that such purchases are not for retroactive coverage; and (ii) upon your timely renewal of a Subscription, the start date of your renewed Subscription Term will be the day following the expiration of your current Subscription Term.