Common use of Time and Manner of Exercise of the Option Clause in Contracts

Time and Manner of Exercise of the Option. The Option shall be for an initial term of five hundred fotiy (540) days after the Effective Date (as it may be extended, the "Option Term"). The Option Tenn may be extended by Lessee for up to two (2) additional three hundred sixty-five (365) day periods upon notice to Lessor prior to the end of the then-current Option Term. ,

Time and Manner of Exercise of the Option. The Option shall be for an initial term of five hundred fotiy forty (540) days after the Effective Date (as it may be extended, the "“Option Term"”). The Option Tenn Term may be extended by Lessee for up to two an additional five hundred forty (2540) additional three hundred sixty-five (365) day periods days upon notice to Lessor with payment of the Additional Option Payment at any time prior to the end of the then-current initial Option Term. ,.