Common use of Domain name renewal Clause in Contracts

Domain name renewal. 3.7.1 The REGISTRAR shall properly and punctually inform the beneficiaries of the ".es" domain names that it manages of the proximity of the start of the payment period for renewal of the assigned domain names. As part of said notification, the REGISTRAR shall notify the beneficiaries of their contact data, urging them, if necessary, to update them, reminding them that failure to fulfil the obligation of keeping this information updated could lead to the cancellation of the domain name. In addition to the foregoing and in each renewal period, the REGISTRAR shall send a reminder to said beneficiaries regarding the conditions governing the processing of their data, specifically referring to the main points included in ANNEX III of this Contract. 3.7.2 In the event that, for any reason, voluntary or otherwise, the REGISTRAR should no longer perform the function of Registrar and, therefore, no longer take responsibility for renewing the domain name assigned to its customers, the aforementioned shall notify said situation to each customer at least 30 days in advance and facilitate the transfer to a new Registrar, if that is the option chosen by the interested party, as well as certifying said actions with the REGISTRY. In the event of failure to comply with the above obligation, the REGISTRY shall: - require the REGISTRAR to pay the penalty clause indicated in clause Nine of this contract.