Auto-Renewal Requirements Clause Samples

Auto-Renewal Requirements. To enter into a subsequent 12 month Automatic-Renewal Agreement, you and the Owners must: (i) not be in default under this Agreement at the time of auto-renewal; (ii) have timely satisfied all financial obligations during the preceding Initial Term or Renewal Term, as applicable; (iii) sign a Successor Agreement or a Contract Amendment and all ancillary documents that we may require Members to sign; (iv) take any additional action that we reasonably require. (v) If member elects NOT to renew for a consecutive (12) month term, they must notify us in writing of your desire NOT to automatically renew this agreement at least 30 days before the expiration of the Initial Term or Renewal Term.