Common use of Option Exercise Procedures Clause in Contracts

Option Exercise Procedures. 19.3.1 If Lessee elects to exercise an Option, it shall do so by delivery of written notice of such election to Lessor not less than six (6) and no more than the twelve (12) months prior to the expiration date of the Original Term or extension period, as applicable.

Option Exercise Procedures. 19.3.1 If Lessee elects to exercise an Option, it shall do so by delivery of written notice of such election to Lessor not less than six nine (69) and no more than the twelve (12) months prior to the expiration date of the Original Term or extension period, as applicable.