Common use of Annual Membership Dues Clause in Contracts

Annual Membership Dues. All Members shall pay annual dues upon joining and each year thereafter in the amount established by ORP. Dues are assessed on an annual basis, and are not pro-rated. All Memberships expire on December 31st each year. A renewal invoice will be sent to each member in the month of December indicating the amount of the annual dues for the following year. To renew membership privileges, annual dues must be paid on or before January 31st each year. Failure to pay when due will result in suspension of privileges and incurring a reinstatement fee. Failure to pay by March 31st will result in termination of membership and will require a full payment of initiation fee and annual dues to rejoin the Club. Track Use Fees and Upgrades: See attached - ORP Club 2021 Member Fees and Track Use Rates Membership in ORPC does not create an equity interest in Pacific Motorsports Management, LLC (“PMM LLC”). This license/use agreement is not assignable and non-transferable. ORPC events are private. Spectator ticket vending is prohibited. Altering ORP property is not permitted. ORPC track days are billed in one-day increments, no partial days. Reservations are Required. A $100.00 reservation deposit is required 72 hours (3 days) prior to a scheduled Club date to secure the date. If a member makes a deposit and fails to attend the reserved event, the deposit will be forfeited. There will be no rescheduling due to weather or non-attendance. ORP reserves the right to cancel ORPC. Should such cancellation occur, Member Fees will be refunded without interest and pro-rated on remaining prepaid days. ORP reserves the right to refuse service. ORP reserves the right to expand ORPC and related services. Current MEMBERS will retain all rights, privileges, and benefits afforded by Club membership. Equity partners of PMM, LLC are complimentary Members of ORPC.

Annual Membership Dues. All Members shall pay annual dues upon joining and each year thereafter in the amount established by ORP. Dues are assessed on an annual basis, and are not pro-pro rated. All Memberships expire on December 31st each year. A renewal invoice will be sent to each member in the month of December indicating the amount of the annual dues for the following year. To renew membership privileges, annual dues must be paid on or before January 31st each year. Failure to pay when due will result in suspension of privileges and incurring a reinstatement fee. Failure to pay by March 31st will result in termination of membership and will require a full payment of initiation fee and annual dues to rejoin the Club. Track Use Fees and Upgrades: See attached - ORP Club 2021 2017 Member Fees and Track Use Rates Membership in ORPC does not create an equity interest in Pacific Motorsports Management, LLC (“PMM LLC”). This license/use agreement is not assignable and non-transferable. ORPC events are private. Spectator ticket vending is prohibited. Altering ORP property is not permitted. ORPC track days are billed in one-day increments, no partial days. Reservations are Required. A $100.00 reservation deposit is required 72 hours (3 days) prior to a scheduled Club date to secure the date. If a member makes a deposit and fails to attend the reserved event, the deposit will be forfeited. There will be no rescheduling due to weather or non-non attendance. ORP reserves the right to cancel ORPC. Should such cancellation occur, Member Fees will be refunded without interest and pro-rated pro rata on remaining prepaid days. ORP reserves the right to refuse service. ORP reserves the right to expand ORPC and related services. Current MEMBERS will retain all rights, privileges, and benefits afforded by Club membership. Equity partners of PMM, PMM LLC are complimentary Members of ORPC. These memberships do not count toward the seventy five (75) member ORPC limitation.

Annual Membership Dues. All Members shall pay annual dues upon joining and each year thereafter in the amount established by ORP. Dues are assessed on an annual basis, and are not pro-pro rated. All Memberships expire on December 31st each year. A renewal invoice will be sent to each member in the month of December indicating the amount of the annual dues for the following year. To renew membership privileges, annual dues must be paid on or before January 31st each year. Failure to pay when due will result in suspension of privileges and incurring a reinstatement fee. Failure to pay by March 31st will result in termination of membership and will require a full payment of initiation fee and annual dues to rejoin the Club. Track Use Fees and Upgrades: See attached - ORP Club 2021 2016 Member Fees and Track Use Rates Membership in ORPC does not create an equity interest in Pacific Motorsports Management, LLC (“PMM LLC”). This license/use agreement is not assignable and non-transferable. ORPC events are private. Spectator ticket vending is prohibited. Altering ORP property is not permitted. ORPC track days are billed in one-day increments, no partial days. Reservations are Required. A $100.00 reservation deposit is required 72 hours (3 days) prior to a scheduled Club date to secure the date. If a member makes a deposit and fails to attend the reserved event, the deposit will be forfeited. There will be no rescheduling due to weather or non-non attendance. ORP reserves the right to cancel ORPC. Should such cancellation occur, Member Fees will be refunded without interest and pro-rated pro rata on remaining prepaid days. ORP reserves the right to refuse service. ORP reserves the right to expand ORPC and related services. Current MEMBERS will retain all rights, privileges, and benefits afforded by Club membership. Equity partners of PMM, PMM LLC are complimentary Members of ORPC. These memberships do not count toward the seventy five (75) member ORPC limitation.

Annual Membership Dues. All Members shall pay annual dues upon joining and each year thereafter in the amount established by ORP. Dues are assessed on an annual basis, and are not pro-pro rated. All Memberships expire on December 31st each year. A renewal invoice will be sent to each member in the month of December indicating the amount of the annual dues for the following year. To renew membership privileges, annual dues must be paid on or before January 31st each year. Failure to pay when due will result in suspension of privileges and incurring a reinstatement fee. Failure to pay by March 31st will result in termination of membership and will require a full payment of initiation fee and annual dues to rejoin the Club. Track Use Fees and Upgrades: See attached - ORP Club 2021 2015 Member Fees and Track Use Rates Membership in ORPC does not create an equity interest in Pacific Motorsports Management, LLC (“PMM LLC”). This license/use agreement is not assignable and non-transferable. ORPC events are private. Spectator ticket vending is prohibited. Altering ORP property is not permitted. ORPC track days are billed in one-day increments, no partial days. Reservations are Required. A $100.00 reservation deposit is required 72 hours (3 days) prior to a scheduled Club date to secure the date. If a member makes a deposit and fails to attend the reserved event, the deposit will be forfeited. There will be no rescheduling due to weather or non-non attendance. ORP reserves the right to cancel ORPC. Should such cancellation occur, Member Fees will be refunded without interest and pro-rated pro rata on remaining prepaid days. ORP reserves the right to refuse service. ORP reserves the right to expand ORPC and related services. Current MEMBERS will retain all rights, privileges, and benefits afforded by Club membership. Equity partners of PMM, PMM LLC are complimentary Members of ORPC. These memberships do not count toward the fifty (50) member ORPC limitation.

Annual Membership Dues. All Members shall pay annual dues upon joining and each year thereafter in the amount established by ORP. Dues are assessed on an annual basis, and are not pro-rated. All Memberships expire on December 31st each year. A renewal invoice will be sent to each member in the month of December indicating the amount of the annual dues for the following year. To renew membership privileges, annual dues must be paid on or before January 31st each year. Failure to pay when due will result in suspension of privileges and incurring a reinstatement fee. Failure to pay by March 31st will result in termination of membership and will require a full payment of initiation fee and annual dues to rejoin the Club. Track Use Fees and Upgrades: See attached - ORP Club 2021 2022 Member Fees and Track Use Rates Membership in ORPC does not create an equity interest in Pacific Motorsports Management, LLC (“PMM LLC”). This license/use agreement is not assignable and non-transferable. ORPC events are private. Spectator ticket vending is prohibited. Altering ORP property is not permitted. ORPC track days are billed in one-day increments, no partial days. ; Reservations are Requiredrequired. A $100.00 125.00 reservation deposit is required 72 hours (3 days) prior to a scheduled Club date to secure the date. If a member makes a deposit and fails to attend the reserved event, the deposit will be forfeited. There will be no rescheduling due to weather or non-attendance. ORP reserves the right to cancel ORPC. Should such cancellation occur, Member Fees will be refunded without interest and pro-rated on remaining prepaid days. ORP reserves the right to refuse service. ORP reserves the right to expand ORPC and related services. Current MEMBERS will retain all rights, privileges, and benefits afforded by Club membership. Equity partners of PMM, LLC are complimentary Members of ORPC.