Common use of First Negotiation Clause in Contracts

First Negotiation. In the event the parties negotiate and agree to an Annual Fixed Rent and have executed a written agreement establishing same on or before the seventy-fifth (75th) day prior to the Commencement, then said Annual Fixed Rent shall be binding upon the parties commencing with the first (1st) day, but Tenant commences to pay Annual Fixed Rent with respect to such Additional Premises (the "Additional Premises Rent Commencement Date").

First Negotiation. In the event the parties negotiate and agree to an Annual Fixed Rent and have executed a written agreement establishing same on or before the seventy-fifth one hundred sixtieth (75th160th) day prior to the CommencementExpiration, then said Annual Fixed Rent shall be binding upon the parties commencing with the first (1st) day, but Tenant commences to pay Annual Fixed Rent with respect to Lease Year of such Additional Premises (the "Additional Premises Rent Commencement Date")Option Lease Term.