Initial Subscription Period definition
Examples of Initial Subscription Period in a sentence
If Your license is automatically renewed the term length for Your next renewal period for each Subscription Software shall be either: (a) 12 months, if Your Initial Subscription Period and/or Your last Renewal Period was less than a 36 month term; or (b) 36 months, if Your Initial Subscription Period and/or Your last Renewal Period was for a term of 36 months or more.
Following the Initial Subscription Period, Customer’s subscription to the Subscription Software and any recurring Services will renew as agreed by the Parties (each, a “Renewal Subscription Year.
When Customer performs a tier upgrade or downgrade, the Subscription Term will be reset and a new three (3) year Initial Subscription Period will commence.
This Agreement will automatically renew for additional successive terms equal to the length of the Initial Subscription Period unless earlier terminated pursuant to this Agreement’s express provisions or either Party gives the other Party written notice of non-renewal at least thirty (30) days prior to the expiration of the then-current term (each a “Renewal Subscription Period” and together with the Initial Subscription Period, the “Subscription Period”).
Thereafter, Your license shall be automatically renewed for either 12 months or 36 months (each a “Renewal Period”), unless either party notifies the other party of termination in writing, at least 30 days before the end of the Initial Subscription Period or any Renewal Period, in which case the license shall terminate upon the expiry of the applicable Initial Subscription Period or Renewal Period.