Common use of End of Term Options Clause in Contracts

End of Term Options. 15.1 At the end of any Term, Lessee may select one of the options described below and as detailed in the Schedule by providing Lessor an End of Term Notice. If Lessee fails to give its End of Term Notice at least thirty (30) days but no more than one hundred eighty (180) days prior to Expiry Date, then the Term of the Agreement will automatically continue on a month to month basis. Such Agreement will continue under the same General Conditions and at the last Rent Payment from the immediately preceding Term on a monthly basis greater than zero (but not less than the applicable Average Rent ) until the later of the date that is thirty (30) days after the End of Term Notice has been received by Lessor and the date on which Lessee has satisfied all the conditions of such selected End of Term Options as described herein.