Fixed Term License definition

Fixed Term License. (if checked, Licensee is a “Fixed Term Licensee”)
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Fixed Term License means a license that entitles you to use the Software for a fixed period starting on the date of purchase.
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Fixed Term License means a license granted for a specified period of time (e.g. 5 years) which is renewable upon written agreement of the parties; (iii) a “Subscription License” which, unless otherwise set out in an Order, is billed on an annual basis and renews automatically for subsequent one- year terms. If IR terminates this Agreement for any reason prior to the expiration of any Order, then the Term of such Order will terminate on the date of termination of this Agreement.
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Examples of Fixed Term License in a sentence

  • The term for a Fixed Term License, Token License, IBM Software Subscription and Support, Selected Support or Appliance Services automatically renews at then current charges, unless Client provides written notice of termination prior to expiration of the term.

  • A Fixed Term License is for the definite time period specified by IBM in a TD.

  • If you choose not to renew the Fixed Term License, you agree to discontinue use of the Program on the expiration date.

  • If, after the expiration date, Customer chooses to resume use of the Program, Customer must pay charges associated with an initial Fixed Term License rather than a Fixed Term License renewal.

  • If Customer chooses not to renew the Fixed Term License, Customer agrees to discontinue use of the Program on the expiration date.

  • A Fixed Term License is for the definite time specified by IBM in a TD.

  • You may renew your expiring Fixed Term License by written authorization to renew (e.g., order form, order letter, purchase order), prior to the expiration date, in accordance with the terms of this Agreement.

  • Customer may renew Customer’s expiring Fixed Term License by written authorization to renew (e.g., order form, order letter, purchase order), prior to the expiration date, in accordance with the terms of this Agreement.

  • There is no maintenance renewal without renewal of a Fixed Term License and no maintenance termination without termination of the joint Fixed Term License.

  • Notwithstanding the foregoing, Customers authorized consultants and subcontractors may Use the Licensed Program on the Designated Equipment at the Designated Site or from remote locations (specified in a Product Quotation) but only where such Use is in connection with their performing services for a Project on Customer's behalf consistent with the Fixed Term License granted to Customer hereunder.