content_image/257180.jpg content_image/257176.jpg content_image/257177.jpg content_image/257178.jpg content_image/257179.jpg
<img src='content_image/257180.jpg'>

## 26. COMMITMENTS 

## Operating leases 

The Corporation has operating lease commitments, with varying terms through 2037 and one to 14 five-year renewal options, to lease premises and equipment used for business purposes. The Corporation does not have an option to purchase the leased assets when the leases expire, but it has the right of first refusal in certain cases. Future minimum lease payments under these operating leases will be as follows: 

<img src='content_image/257176.jpg'>

In addition, the Corporation has committed to leases for premises, with varying terms through 2035 and one to 15 five- year lease renewal options, which it sublets to clients generally under the same terms and conditions. Future minimum lease payments under these operating leases will be as follows: 

<img src='content_image/257177.jpg'>

## Finance leases 

The Corporation has finance lease commitments, with varying terms through 2036 and three to seven five-year renewal options, to lease premises used for business purposes. The Corporation does not have an option to purchase the leased assets when the leases expire. Future minimum lease payments under these finance leases and the present value of net minimum lease payments will be as follows: 

<img src='content_image/257178.jpg'>

## Service contracts 

The Corporation has service contract commitments essentially for transportation and IT, with varying terms through 2020 and no renewal option. Future minimum payments under these service contracts will be as follows: 

<img src='content_image/257179.jpg'>

