agreement to accept such payments after they are due or a commitment by Pretzel Time or its Affiliates to extend credit to or otherwise finance operation of the Unit. Notwithstanding the provisions of this Section 4.I., Franchisee acknowledges and agrees that his failure to pay all amounts when due shall constitute grounds for termination of this Agreement. 5. RENEWAL OF FRANCHISE TERM. 5.A. FRANCHISEE'S RIGHT TO A SUCCESSOR FRANCHISE. Upon the expiration of the initial term of this Agreement, Franchisee shall have the one time right to obtain a successor franchise to operate a Pretzel Time Unit at the Site (a "Successor Franchise") for a single term of five (5) years immediately following the expiration of the initial term of the Franchise upon giving Pretzel Time six (6) months notice prior to the expiration of the then current term if: (1) Franchisee and its Owners have complied with this Agreement and any amendment during the initial term of this Agreement in all material respects; and (2) Franchisee maintains possession of the Site and agrees to remodel and/or expand the Unit, add or replace equipment, furnishings, fixtures and signs and otherwise modify the Unit to bring it into compliance with specifications and standards then applicable under new or Successor Franchises for Pretzel Time Units; or if Franchisee is unable to maintain possession of the Site, or if, in the judgment of Pretzel Time, the Unit should be relocated, Franchisee secures a substitute site approved by Pretzel Time and agrees to develop expeditiously such substitute site in compliance with specifications and standards then applicable under new or successor franchises for Pretzel Time units; and (3) Pretzel Time has not given notice of its election not to renew six (6) months prior to the expiration of the initial twenty (20) year term; and