Common use of Extension OptionPurchase Option Clause in Contracts

Extension OptionPurchase Option. Provided that no Default or Event of Default shall have occurred and be continuing, if Lessee shall have given written notice to Lessor not less than one hundred and eighty (l80) days prior to the original Expiry Date, which notice shall be irrevocable, Lessee shall have the option to extend the Term of this Agreement for an additional term of twelve (12)

Appears in 4 contracts

Samples: Lease Agreement (American Income Fund I-D LTD Partnership), Lease Agreement (American Income Fund I-C LTD Partnership), Lease Agreement (Afg Investment Trust B)

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