Update Term definition

Update Term means the period of time beginning on the Effective Date and ending five (5) Years thereafter, unless earlier terminated in accordance with Section 3.2, provided that for the avoidance of doubt the Update obligations under Section 3 below for Year 1 shall not commence until the date that is ninety (90) days from the Effective Date, provided that all such obligations shall be met within the remaining 275 Days of Year 1, and further provided that nothing in this Agreement including the foregoing proviso shall in any way affect any right, obligation or date triggered off of the Effective Date.
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Examples of Update Term in a sentence

  • The Initial Update Term runs from the date of purchase for the following 12 months.

  • At no time during the Update Term shall the Database contain more than [**] percent [**] Inactive Links (as defined hereunder) and no Database Update shall be delivered containing more than [**] percent [**] Inactive Links.

  • In the event of any such assignment or attempted assignment by LookSmart in violation of this Section 13.4, Microsoft shall have the right to immediately terminate the Update Term.

  • Subject to Section 3.2, during the Update Term, LookSmart shall provide Microsoft with Database Updates.

  • During the Update Term, LookSmart will provide reasonable advance warning of changes to the Database schema and such technical support and other assistance necessary to understand those changes such that Microsoft can continue to receive and use the Database including the Database Updates.

  • Subject to Section 7.2.5 below, in consideration of LookSmart's creation, delivery and licensing to Microsoft of the Database Updates as set forth in Sections 3 and 4.1, Microsoft shall pay LookSmart the sum of [**] per Year (the "Database Update Consideration") during the Update Term, such sum to be paid by Microsoft in four (4) quarterly installments of [**] each, payable and paid within ten (10) business days of the end of quarter comprising such Year.

  • LookSmart has, prior to the Effective Date, made its standards and policies as of the Effective Date ("Standards and Policies") available to Microsoft and hereby agrees (A) that such Standards and Policies will not during the Update Term substantially depart from those in place as of the Effective Date and (B) to timely notify Microsoft during the Update Term of any and all changes made by LookSmart to such Standards and Policies.

  • During the Update Term, LookSmart shall respond to and use best efforts to promptly correct any issue raised by Microsoft.

  • Either Party may terminate Microsoft's right to receive Database Updates prior to the expiration of the Update Term by giving six (6) months prior written notice to the other Party, provided neither Party may give such notice any earlier than the date that is eighteen (18) months following the Effective Date.

  • During the Update Term, the CUSTOMER will give 2conciliate a written notice of any deficiency or performance dysfunction in, to or with the Software ("Error Notice").