How many renewal terms are available for an Aira Fitness franchise?

renew your license for unlimited renewal terms (each renewal term is 10 years), provided that with respect to each renewal you have met each of the following conditions:

• (i) you have given us written notice of your decision to renew at least six months but not more than 12 months prior to the end of the expiring term;
• (ii) you sign, at our option, either (a) our then-current form of franchise agreement, the terms and conditions of which may be materially different than the terms and conditions of our current franchise agreement and may reflect, among other things, different fees and advertising obligations and a modified Designated Area or (b) a document extending for the duration of the renewal term, all the covenants, conditions and provisions contained in this Agreement;
• (iii) you have complied with the provisions of Section 5.F regarding modernization and have agreed, in writing, to make such capital expenditures necessary to refurbish, replace and modernize your Aira Fitness Business so that it will conform to our then-current standards for Aira Fitness Businesses;
• (iv) you are not in default of this Agreement or any other agreement pertaining to the franchise, have satisfied all monetary and material obligations on a timely basis during the term and are in good standing;
• (v) if leasing the Aira Fitness Business premises, you have renewed the lease and have provided written proof of your ability to remain in possession of the premises throughout the renewal period;
• (vi) you comply with our then-current training requirements; and
• (vii) you and your Owners and guarantors execute a general release in a form we prescribe in favor of us and our affiliates and each company's respective present and former officers, directors, managers, and employees; provided, however, that such release will not be inconsistent with any state law regulating franchising.
• (viii) you pay a renewal fee in the amount of Two Thousand Dollars ($2,000.00).
• C. Interim Period. If you continue to accept the benefits of this Agreement after the expiration of the initial term but do not complete the requirements in Section 4.B, then at our sole option, this Agreement may be treated as (i) expired as of the date of the expiration and you will be operating without a franchise or license to do so and in violation of our rights to the Marks and System; or (ii) continued on a month-to-month basis (an "Interim Period") and all your obligations will remain in full force and effect during the Interim Period as if the Agreement had not expired. Each Interim Period expires at the end of each calendar month unless this Agreement is continued as provided in this Section. The Interim Peri

Source: Item 23 — **RECEIPTS (FDD pages 59–254)