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<br />The City of San Marcos Facilities Service Contract <br /> <br />ARTICLE III <br />TERM <br /> <br />SECTION 3.1. EFFECTIVE DATE AND INITIAL TERM. This Service Contract <br />shall become effective on the Contract Date, and shall continue in effect for 10 years following <br />the Commencement Date (the period from the Contract Date to the tenth anniversary of the <br />Commencement Date constituting the "Initial Term") or, if renewed as provided in Section 3.2, <br />until the last day of the renewal term (the "Renewal Term"; the Initial Term and any Renewal <br />Term being referred to herein as the "Term"), unless earlier terminated pursuant to the <br />termination provisions of Article XI hereof, in which event the Term shall be deemed to have <br />ended as of the date of such termination. All rights, obligations and liabilities of the parties <br />hereto shall commence on the Contract Date, subject to the terms and conditions hereof. The <br />City shall have no obligation to make Service Fee payments until the Commencement Date. At <br />the end of the Term of this Service Contract, all other obligations of the parties hereunder shall <br />terminate, except as provided in Sections 12.6 and 12.7. <br />SECTION 3.2. CITY RENEWAL OPTION. This Service Contract may be <br />renewed and extended for up to two additional five-year renewal terms upon the mutual <br />agreement of the City and the Company. <br /> <br />25 <br />