Annual Term definition
Examples of Annual Term in a sentence
Unless otherwise indicated on your Quote, the Reseller will invoice for amounts due for each Annual Term on the Subscription Start Date and each anniversary thereof during your Subscription (less any discount agreed between you and your Reseller).
The initial fee under the additional Subscription Plan will be prorated based upon the time remaining in the then-current Annual Term.
At the end of the Subscription Term, if your actual usage during the final Billing Term exceeds the Annual Software Commitment for the final Annual Term, you will submit a one- time payment to your Reseller for the Annual Software Growth during the final Billing Term.
The initial Annual Term of this Subscription Plan shall commence on the Effective Date and remain in effect for a period of twelve (12) months from the Effective Date.
Your Initial Commitments (at List Price) for Software is as indicated on the quote made part of your Prime Contract (“Quote”) with your chosen F5 authorized reseller (“Reseller”) for an amount representing the Initial Commitment(s) for each Annual Term of your Subscription Term (the “Initial Order”).