Examples of paid up in a sentence
For a Paid-Up License, such pro rata calculation will be based on straight-line depreciation over a 36-month period following the applicable delivery date.
The parties hereto agree that this is a Paid-Up Lease with no further Delay Rental and/or Delay in Marketing payments due to Lessor during the primary term hereof.
Except for Licensor’s obligations set forth in Section 7(a) and for Licensor’s material breach of Section 5, in no event will Licensor’s, its Affiliates’, Channel Partners’ and technology suppliers’ aggregate liability to Licensee exceed, in the case of a Paid-Up License, the license fee initially paid for such Paid-Up License (not including any TECS fees or other fees) or, in the case of a Lease License, the license fee paid for such Lease License during the preceding twelve (12) months.
Optional term life insurance is available at employee cost as follows: Cost Spouse $10,000 $1.50/month Dependent Child $5,000 $0.88/month RETIREE LIFE INSURANCE If upon retirement, an employee has ten or more continuous years of service, he is eligible to receive a $2,000 Paid-Up Insurance Certificate.
By exception to the above rules, Licensor shall be entitled not to renew a renewable License or to terminate the maintenance (Service Level Agreement) for a Paid-Up License, where an imperative regulation limits the right to export such products in the Country of Licensee.