Examples of License Period in a sentence
For last year of License Period, the Licensee shall submit the Bank Guarantee valid for remaining License Period plus six months and shall renew it, if required, till the final settlement of all accounts failing which the Bank Guarantee of the Licensee shall be invoked and encashed by DMRC without prior intimation to the licensee.
Within thirty (30) calendar days after the last day of the License Period for each Included Program, Licensee shall destroy (or at Licensor’s request, return to Licensor) all Advertising Materials for such Included Program.
Upon request by SPE and to the extent reasonably available to Licensee, Licensee shall provide SPE with periodic traffic reports of all visits made to the Microsite during the License Period for the Program.
The Interest Free Security Deposit / Performance Security shall be escalated @5% per annum on compounding basis after completion of every 1 year of License Period.
Licensee shall not promote any Included Program after the expiration of the License Period for such Included Program.