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<br />will declare this Agreement in default and cancel the Agreement. <br />If CAMPBELL or CAMPBELL TEXAS disagrees with CITY Council's <br />find ings, it may have the dec i s ion reviewed de novo by a Texas <br />State Court of appropriate jurisdiction, and otherwise avail <br />itself of the legal remedies available under the laws of the <br />State of Texas. Upon any such cancellation during the first five <br />(5) tax years of abatement, tax abatement will terminate, and <br />will not be reinstituted, retroactively to the beginning of the <br />first tax year of abatement under this Agreement and the taxes <br />abated hereunder will become due and payable and will become a <br />lien upon the taxed property. <br />Upon any such cancellation during the two (2) year renewal <br />and extension period described in Section IX below, tax abatement <br />wi 11 terminate and will not be reins t i tuted, and taxes abated <br />during the tax year of cancellation will become due and payable <br />and become a lien upon the taxed property; however, there will be <br />no retroactive reinstitution or collection of taxes abated for <br />any prior tax year. <br /> <br />IX. <br />Extension Option <br />9.1. In the event CAMPBELL and CAMPBELL TEXAS shall each <br />keep each and every Agreement contained herein and do and perform <br />all the obligations required of them hereunder during the term of <br />this Agreement, an option is hereby given and granted to each of <br />them to renew and extend this Agreement for an additional period <br /> <br />-6- <br />