License Fee definition
Examples of License Fee in a sentence
Baymarkets’ total aggregate liability under the Agreement shall for each contract year be limited to the applicable annual License Fee and Long Term Warranty Fee payable by Customer under this Agreement.
Licensee’s rights under Section 2 above shall commence on the Effective Date and continue for a period of time as established by Licensee’s authorized use and the License Fee paid by Licensee pursuant to the Fee Schedules, up to a maximum of one (1) year from the Effective Date (the “Term”).
The same shall apply to new software products made commercially available by Baymarkets, which Customer chooses to license (subject to an agreed License Fee and a revised Long Term Warranty Fee, as set out in Section 10).
Such monthly License Fee payments are payable in advance and shall be made on or before the first day of each month.
Moreover, if the scope of the Licensed Software is otherwise increased during the term of this Agreement, the Parties acknowledge and agree that this will also affect the License Fee and the Long Term Warranty Fee.