2. EFFECTIVE DATE AND TERM
This Agreement shall be effective from the date of execution provided that the term shall commence on the Opening Date, as determined by the Master Manager and shall continue until expiration of the 10th anniversary of the Opening Date (“Term”). Subsequently, the Master Manager may, at its sole discretion, opt to continue the provision of services hereunder and repeatedly extend the term and duration of this Agreement for further 10-year terms by written notification to the Apartment Owner, such notification to be sent to the Apartment Owner not later than 6 months prior to the expiration of the respective term.