Examples of License Period in a sentence
The maintenance of the digital panels being used by the licensee shall be done by DMRC at the cost of licensee, the lumpsum cost of which has been included in the maintenance/ service charges provided in the tender document i.e. Rs. 3.00 Lakh per depot per quarter+GST, to be increased and escalated @ 20% after completion of every 3 year of the License Period on compounding basis.
Dilution of stake of Lead Member in the JV/Consortium below 51% at any time during the License Period.
Services will automatically be deactivated at the end of the License Period, and You will not be entitled to receive any feature or content updates to the Services.