Common use of Options to Extend Term Clause in Contracts

Options to Extend Term. At the expiration of the initial term of this lease, if County is not in default, County shall have xx options to extend this lease for additional xx-year periods on the same terms and conditions as the initial term. The exercise of any option shall be by written notice to Lessor 60 days prior to the end date of this lease or any option period. The written notice to Lessor for this purpose may be signed by the County Executive Officer.

Appears in 4 contracts

Sources: Real Property Lease Agreement, Personal Services Agreement, Real Property Lease Agreement