Common use of Informal Renewal Clause in Contracts

Informal Renewal. Notwithstanding anything to the contrary set forth herein, Franchisee and the Town agree that at any time during the term of the then current Franchise, while affording the public appropriate notice and opportunity to comment, the Town and Franchisee may agree to undertake and finalize informal negotiations regarding renewal of the then current Franchise and the Town may grant a renewal thereof.

Informal Renewal. Notwithstanding anything to the contrary set forth herein, Franchisee and the Town City agree that at any time during the term of the then current Franchise, while affording the public appropriate notice and opportunity to comment, the Town City and Franchisee may agree to undertake and finalize informal negotiations regarding renewal of the then current Franchise and the Town City may grant a renewal thereof.