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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 des written notice to the <br />'~ <br />-: <br />County of the University's intent not to extend this Agreemen ~_:-;::r+.later than ninety (90) days <br />r ,, ~ <br />.~'~ <br />prior to the expiration of the preceding period. All provisio ';m thls tl gjre.~,ment shall continue in <br />'A~~ <br />`{~~P <br />'445 ~~.._ <br />effect during any extension period except as those terms may be otherc~nse~:anodified by the <br />°°_5 <br />m~~, <br />-°_~~~'~ <br />Parties. Before the scheduled expiration date of the second Extension Perio ;-e University <br />shall have the right of entering into exclusive negotiations with the County for a period of one- <br />. ~i ~. <br />hundred twenty (120) days for the purpos s o~`n,egotiating a new or revised agreement relating to <br />',_W , <br />the LFG Project. The University shall notl~y~the (o~u;~.~ writing of the University's decision <br />to exercise this right <br />Extension Period. <br />99. Terminati <br />one 1 +e rior to =~~3ie ex iration date of the second <br />terminate this Agreement under this Article <br />VI, and except as provided in Park; ph 102, a Party must first issue the other Party a Notice of <br />yu, y{L" <br />:~. <br />Default in accordance with the provls~vns 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 />