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49 <br />the right, to the exclusion of any other entity, to renew this Agreement for up to two (2) <br />consecutive periods of five (5) years each. (each five-year period beyond the initial 20-year <br />period shall be termed an "Extension Period.") At the expiration of the initial 20-year term, or an <br />Extension Period other than the second Extension Period, this Agreement shall be deemed <br />extended for an additional five-year period unless the University gees written notice to the <br />County of the University's intent not to extend this Agreemen ~:; ~ later than ninety (90) days <br />r <br />prior to the expiration of the preceding period. All provisio c~ this A~ree~ment shall continue in <br />x `~ ~~ <br />effect during any extension period except as those terms may be otherwa .modified by the <br />~r~~ <br />Parties. Before the scheduled expiration date of the second Extension Period~~;~1~e' University <br />shall have the right of entering into exclusive negotiations with the County for a period of one- <br />hundred twenty (120) days for the purposes ~~fnegotiating a new or revised agreement relating to <br />the LFG Project. The University shall notifythe <br />to exercise this right <br />Extension Period. ~~~t'~,. '' <br />99. Terminati <br />~~ <br />one (1) - ±ear prior <br />~..~ <br />writing of the University's decision <br />expiration date of the second <br />terminate this Agreement under this Article <br />m.=,.. <br />\ ~4~ <br />VI, and except as provided in Park aph 102, a Party must first issue the other Party a Notice o <br />.~~,~:~ <br />Default in accordance with the provis~;ons set forth below. The Party in receipt of such Notice of <br />Default shall then have the opportunity to cure the identified default within the specified cure <br />period. If the Party in receipt of such Notice of Default fails to cure the specified default within <br />the cure period, then the other Party may issue a Notice of Termination. Upon issuance, such a <br />Notice of Termination shall be deemed a Notice of Dispute for purposes of Article XI of this <br />Agreement and such Notice of Termination shall be submitted to dispute resolution in <br />accordance with that Article. Subject to Article XI, the termination rights provided in this <br />26 <br />{00018638.DOC 16} <br />