Right. It's closer to Jetbrains' model for their IDE, although arguably better. IIRC if you stop paying Jetbrains an annual license, the license "falls back" to the version the IDE was at when the license started 12 months ago; if you stop paying Panic, the Nova license remains good for the major version of Nova you have when the license ended. (e.g., if you bought a license when Nova 10.0 was current and the license "expired" when Nova 11.1 was the current version, you don't have to go back to Nova 10; you can keep using Nova 11 and keep getting updates until Nova 12 is released.)