While you are on a Rent-to-Own plan, the Splice Desktop App needs to verify the T-Racks 5 software license once every few days.
In order to resolve this issue, please follow these troubleshooting steps in exact order:
Close out of Splice
Close your DAW
Relaunch Splice and log into the account with the active Rent-to-Own plan
Open your DAW and launch T-Racks 5
If you are still having issues, please again close your DAW and reinstall T-Racks 5 directly from the Splice app.
We also recommend you reinstall the Splice app. You can get the latest install here: https://splice.com/download
Again, please be sure you are following all of the steps in order.