Common use of Term and Renewal Date Clause in Contracts

Term and Renewal Date. This Agreement shall become effective upon execution by BACC and continue in full force through the Initial Term and from year to year thereafter (a "Renewal Term") if BACC, at its option, in writing agrees to extend the Term for one (1) year from the then Termination Date, provided that Borrower has not exercised its termination right in accordance with this Section 3.1. Borrower may terminate the Term on the then Termination Date by giving BACC at least sixty (60) days prior written notice by registered or certified mail, return receipt requested. In addition, BACC shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No such termination shall relieve or discharge Borrower of its duties, Obligations and covenants hereunder until all Obligations have been paid and performed in full, and BACC's continuing security interest in the Collateral shall remain in effect until the Obligations have been fully and irrevocably paid and satisfied in cash or cash equivalent. On the Termination Date of this Agreement, the Obligations shall be immediately due and payable in full.

Term and Renewal Date. This Agreement shall become effective upon execution by BACC and continue in full force through the Initial Term March 31, 2001 and from year to year thereafter (a "Renewal Term") if BACC, at its option, in writing agrees to extend the Term term for one (1) year from the then Termination Date, provided that Borrower has not exercised its termination right in accordance with this Section section 3.1. Borrower may terminate the Term on the then Termination Date by giving BACC at least sixty thirty (6030) days prior written notice by registered or certified mail, return receipt requested. In addition, BACC shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No such termination shall relieve or discharge Borrower of its duties, Obligations and covenants hereunder until all Obligations have been paid and performed in full, and BACC's continuing security interest in the Collateral shall remain in effect until the Obligations have been fully and irrevocably paid and satisfied in cash or cash equivalent. On the Termination Date of this Agreement, the Obligations shall be immediately due and payable in full.

Term and Renewal Date. This Agreement shall become effective upon execution by BACC and continue in full force through the Initial Term June 30, 2003 and from year to year thereafter (a "Renewal Term") if BACC, at its option, in writing agrees to extend the Term term for one (1) year from the then Termination Date, provided that Borrower has not exercised its termination right in accordance with this Section section 3.1. Borrower may terminate the Term on the then Termination Date by giving BACC at least sixty thirty (6030) days prior written notice by registered or certified mail, return receipt requested. In addition, BACC shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No such termination shall relieve or discharge Borrower of its duties, Obligations and covenants hereunder until all Obligations have been paid and performed in full, and BACC's continuing security interest in the Collateral shall remain in effect until the Obligations have been fully and irrevocably paid and satisfied in cash or cash equivalent. On the Termination Date of this Agreement, the Obligations shall be immediately due and payable in full.

Term and Renewal Date. This Agreement shall become effective upon execution by BACC and continue in full force through the Initial Term June 30, 2002 and from year to year thereafter (a "Renewal Term") if BACC, at its option, in writing agrees to extend the Term term for one (1) year from the then Termination Date, provided that Borrower has not exercised its termination right in accordance with this Section section 3.1. Borrower may terminate the Term on the then Termination Date by giving BACC at least sixty thirty (6030) days prior written notice by registered or certified mail, return receipt requested. In addition, BACC shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No such termination shall relieve or discharge Borrower of its duties, Obligations and covenants hereunder until all Obligations have been paid and performed in full, and BACC's continuing security interest in the Collateral shall remain in effect until the Obligations have been fully and irrevocably paid and satisfied in cash or cash equivalent. On the Termination Date of this Agreement, the Obligations shall be immediately due and payable in full.

Term and Renewal Date. This Agreement shall become effective upon execution by BACC and shall continue in full force through the Initial Term and from year to year thereafter (a "Renewal Term") if BACC, at its option, in writing agrees to extend the Term for one (1) year from the then Termination Date, provided that Borrower has not exercised its termination right in accordance with this Section 3.1. Borrower may terminate the Term on the then Termination Date by giving BACC at least sixty (60) days prior written notice by registered or certified mail, return receipt requested. In addition, BACC shall have the right to terminate this Agreement immediately at any time upon the occurrence of an Event of Default. No such termination shall relieve or discharge Borrower of its duties, Obligations and covenants hereunder until all Obligations have been paid and performed in full, and BACC's continuing security interest in the Collateral shall remain in effect until the Obligations have been fully and irrevocably paid and satisfied in cash or cash equivalent. On the Termination Date of this Agreement, the Obligations shall be immediately due and payable in full.