Examples of Product Term in a sentence
During the Product Term and for a period of two (2) years thereafter, shall be permitted to audit and/or shall be permitted to have its designee audit (at least once annually and in accordance with standard procedures, which may include on-site and/or remote audits of facilities, systems, records, and personnel) the usage of the Software and Customer’s compliance with the Agreement.
In consideration of full payment of the fees for the Software and subject to Customer’s compliance with its obligations under the Agreement, grants to Customer a personal, non-transferable, non-exclusive, non-sublicensable, limited license to Use the Software described in the Transaction Document for the Product Term and in accordance with the license model identified in such Transaction Document.
During the Product Term and for a period of two (2) years thereafter, Customer shall maintain complete and accurate records documenting the location and use of the Software in a manner sufficient to permit to conduct an audit in accordance with Section 4.2 of this Software and Support Addendum.