renewing
v.v. to make something new again or to extend the time that something is valid. You do this when you want to keep using a service or a document that is about to expire.
v. to restore to a former state of freshness or vigour; to extend the period of validity for a contract, license, or subscription. Present participle of 'renew'.
I am renewing my passport before my trip next month.
The company is currently renewing its commitment to environmental sustainability by investing in solar energy.
By renewing the lease for another five years, the gallery owners secured their presence in the district despite the rising property values in the surrounding area.
The verb is transitive and requires a direct object, such as a contract, subscription, or vow.