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The Party relying on a Force Majeure event as justification for a delay or failure of performance hereunder shall give the other Party notice by telephone as soon as reasonably practicable , followed by written notice within seven (7) days , of the Force Majeure event . The notice shall identify the event, the anticipated effect on the Party ' s performance , the anticipated duration of any non-performance , and the measures being taken to reduce or eliminate the cause of the non-performance . The provisions of this Article V shall not relieve a Party from its obligation to use Commercially Reasonable Efforts to overcome or remove the effects of such Force Majeure . ARTICLE VI TERM, DEFAULT AND TERMINATION Section 6 . 1 Term ; Renewals . The term of this Agreement shall commence on the Effective Date and continue for a period of twenty (20) years (the "Initial Term") following the Commencement Date , unless terminated earlier in the manner provided herein . The Parties shall have the right to extend this Agreement for up to two (2 ) consecutive ten-year renewal terms ("Renewal Terms ") , provided Company and District mutually agree to extend this Agreement in writing at least one hundred eighty ( 180) days prior to the end of the Initial Term or the then current Renewal Term . All renewals shall be subject to the same terms , conditions , and fees set forth herein , unless agreed to otherwise in writing by both Parties in an amendment to this Agreement . Section 6 . 2 Default and Termination . A . Events of Default. Either Party may immediately terminate this Agreement for cause , without prejudice to any other rights or remedies the terminating Party may have under the law, except as provided herein, when there is an event of default by the other Party. An event of default shall occur if the other Party shall ( 1 ) suspend or liquidate its business, (2) become insolvent or subject to a petition of involuntary bankruptcy and the appointment of a trustee or receiver, or (3 ) make an assignment for the benefit of creditors , other than as permitted in Section 8 . 3 . A. An event of default also shall occur if a Party fails to perform a material obligation under this Agreement and such failure is not cured, or a good faith reasonable plan to correct the failure within sixty (60) days is not implemented, within thirty (30) days after notice of the default is provided by the non- defaulting Party to the defaulting Party . A failure to perform a material obligation under this Agreement shall include , but not be limited to , 29