Agenda - 02-17-2009 - 4l - Laserfiche WebLink

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accordance with its provisions. Upon the expiration of the initial Term,the University shall have the right, to the exclusion of any other entity, to renew this Agreement for up to two (2) consecutive periods of five(5)years each:(each five-year period beyond the initial 20-year period shall be termed an "Extension Period.") At the expiration of the initial 20-year term, or an Extension Period other than the second Extension Period, this Agreement shall be deemed extended for an additional five-year period unless the University gives written notice to the County of the University's intent not to extend this Agreement no later than ninety (90) days prior to the expiration of the preceding period. All provisions in this Agreement shall continue in effect during any extension periedExtension Period except as those terms may be otherwise modified by the Parties. Before the scheduled expiration date of the second Extension Period,the University shall have the right of entering into exclusive negotiations with the County for a period of one-hundred twenty (120) days for the purposes of negotiating a new or revised agreement relating to the LFG Project. The University shall notify the County in writing of the University's decision to exercise this right no later than one(1)year prior to the expiration date of the second Extension Period. 98. Termination Procedures—. In order to terminate this Agreement under this Article VI, and except as provided in Paragraph 101, a Party must first issue the other Party a Notice of Default in accordance with the provisions set forth below. The Party in receipt of such Notice of Default shall then have the opportunity to cure the identified default within the specified cure period. If the Party in receipt of such Notice of Default fails to cure the specified default within the cure period,then the other Party may issue a Notice of Termination. Upon issuance, such a Notice of Termination shall be deemed a Notice of Dispute for purposes of Article XI of this Agreement and such Notice of Termination shall be submitted to dispute resolution in accordance with that Article. Subject to Article XI and except as otherwise provided in this Agreement,the termination 26 {00018638.DOC 2-1-24}