Common use of End of Term Options Clause in Contracts

End of Term Options. Provided that the Lease has not been terminated and that no Event of Default or event which, with notice or lapse of time or both, would become an Event of Default shall have occurred and shall be continuing, Lessee shall at the end of the Initial Lease Term of the first Schedule be entitled to elect and to exercise one of the options, if any, indicated in the applicable Schedule which election shall be binding on Lessee with respect to all Schedules entered into between Lessor and Lessee under this Lease. The foregoing options granted hereunder shall be exercised by written notice delivered to Lessor by Lessee not more than 180 days and not less than ninety (90) days prior to the expiration of the Initial Lease Term of the Equipment, subject to Schedule No. 001.

End of Term Options. Provided that the Lease has not been terminated and that no Event of Default or event which, with notice or lapse of time or both, would become an Event of Default shall have occurred and shall be continuing, Lessee shall at the end of the Initial Lease Term of the first Schedule be entitled to elect and to exercise one of the options, if any, indicated in the applicable Schedule which election shall be binding on Lessee with respect to all Schedules entered into between Lessor and Lessee under this Lease. The foregoing options granted hereunder shall be exercised by written notice delivered to Lessor by Lessee not more than 180 days and not less than ninety (90) days prior to the expiration of the Initial Lease Term of the Equipment, subject to Schedule No. No 001.

End of Term Options. Provided that the Lease has not been terminated and that no Event of Default or event which, with notice or lapse of time or both, would become an Event of Default shall have occurred and shall be continuing, . Lessee shall at the end of the Initial Lease Term of the first Schedule be entitled to elect and to exercise one of the options, if any, indicated in the applicable Schedule which election shall be binding on Lessee with respect to all Schedules entered into between Lessor and Lessee under this Lease. The foregoing options granted hereunder shall be exercised by written notice delivered to Lessor by Lessee not more than 180 days and not less than ninety (90) days prior to the expiration of the Initial Lease Term of the Equipment, subject to Schedule No. 001.