Common use of Consequences of Termination or Nonrenewal Clause in Contracts

Consequences of Termination or Nonrenewal. If this Agreement is not renewed pursuant to Section IV.2 or is terminated pursuant to Sections V.1 or V.2 of this Agreement, CDO’s designation is automatically withdrawn. If that occurs CDO must immediately cease holding itself out as a CDO to any Consumer, must immediately cease providing CAC services to the public through its staff members and volunteers, and must carry out procedures described in Section II.5 and II.11 of this Agreement.

Consequences of Termination or Nonrenewal. If this Agreement is not renewed pursuant to Section IV.2 IV.1 or is terminated pursuant to Sections V.1 or V.2 of this Agreement, CDO’s designation is automatically withdrawn. If that occurs CDO must immediately cease holding itself out as a CDO to any Consumer, must immediately cease providing CAC services to the public through its staff members and volunteers, and must carry out procedures described in Section II.5 and II.11 of this Agreement.

Consequences of Termination or Nonrenewal. If this Agreement is not renewed pursuant to Section IV.2 or is terminated pursuant to Sections V.1 or V.2 of this Agreementterminated, the Exchange will automatically terminate CDO’s designation is automatically withdrawnand decertify CDO’s CACs. If that occurs Accordingly, CDO must immediately cease holding itself out as a CDO to any Consumerconsumer, must immediately cease providing CAC services to the public through its staff members and volunteers, and must carry out procedures described in Section II.5 Sections II.7 and II.11 II.13 of this Agreement.