Examples of Licence Year in a sentence
While you continue to use the Music, at the start of each Licence Year you must pay us the amount in accordance with the formula specified, and using the information provided in Section 1.
If the amount payable for the first Licence Year is more than the provisional amount paid by you for that year, we will send you an invoice for the difference, and you must pay that amount within 14 days after the date of our invoice.
If the amount payable for the first Licence Year is less than the provisional amount paid by you for that year, we will at our option either credit or refund the difference to you.
After the first Licence Year, either party may terminate the agreement by 1 month’s notice.
In the last 3 months of the each Licence Year we may reassess your Music use in consultation with you.