Examples of Membership Year in a sentence
If you fail to pay your Membership Fees within 30 days of the start of the Membership Year or within 30 days after the effective date of your Membership, you will be charged a late fee equal to 2% of your outstanding payment, compounded monthly (i.e., every 30 days), until paid in full.
This Agreement becomes effective on the date you are accepted for Membership and will continue for the remainder of that Membership Year.
If Prebid determines that you have incorrectly reported your Membership Tier or selected an inappropriate Membership Class, Prebid will reclassify you accordingly and you will be invoiced for any difference in Membership fees plus, to the fullest extent of the law, a late fee equal to 2% of your outstanding payment, compounded monthly (i.e., every 30 days), until paid in full, from the start of the Membership Year (as defined below) until paid.
Thereafter, this Agreement will automatically renew for successive one-year terms coinciding with the Membership Year unless either the Member or Prebid gives notice of its intent not to renew no later than thirty (30) days prior to the commencement of the next renewal term.
Prebid will issue an invoice for your Membership Fees on or about the start of each Membership Year and payment of such invoice is due January 30 of the applicable Membership Year.