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<br />it and each tax i ng ent i ty enter ing in to iden t ica 1 Agreements, <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 sian rev iewed 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 /> <br />Upon any such cancellation during the two (2) year renewal <br />and extension period described in Section IX below, tax abatement <br />will terminate and will not be reinstituted, 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 /> <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 />of two (2) years from and after the expiration of this Agreement, <br />said two (2) years beginning on the 1st day of January, 1995, and <br />ending on the 31st day of December, 1996. <br /> <br />9.2. In order for CAMPBELL or CAMPBELL TEXAS to exercise the <br />option granted in the above paragraph, notice shall be given in <br />writing no later than March 31, 1994. <br /> <br />X. <br />Legal <br /> <br />10 . 1. No 0 f f ice r, 0 f f i cia lor age n t 0 f the CITY has the <br />power to amend, modify or alter this Agreement or waive any of <br />its conditions or to bind the CITY by making any promise or <br />representation not contained herein. <br /> <br />10.2. This Agreement, except by operation of law, shall not <br />be assigned or transferred by CAMPBELL or CAMPBELL TEXAS, without <br />the prior written consent of CITY. <br /> <br />-4- <br />