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Section 6. Term.
<br />Recognizing the need of CHAMBER to invest and reinvest in LCC and facilities, and to
<br />consider long -teen professional services agreements and programming for the promotion of
<br />tourism and the convention and hotel industry, this Agreement shall remain in full force and
<br />effect for a period of ten years, except that either party may terminate this Agreement, with
<br />or without cause, with a minimum of 364 days written notice. Recognizing that CITY will
<br />necessarily assume responsibility for any remaining debt for capital improvements to LCC
<br />facilities, CHAMBER shall submit to and receive approval of CITY prior to the issuance of
<br />any such debt .
<br />Section 7. Notice,
<br />All notices, demands, payments and other communications required to be given or made
<br />hereunder shall be in writing and shall be duly given if delivered by hand, messenger,
<br />telecopy or reputable overnight courier or if mailed by certified or registered mail, first
<br />class postage prepaid, and shall be effectively received upon the date of such delivery or
<br />two (2) days after such mailing, to the respective parties hereto at the addresses set forth
<br />below, or to such other address furnished in writing to the other party hereto.
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