First Offer Rent. The annual Rent payable by Tenant for the Offer Space leased by Tenant (the “First Offer Rent”) shall be equal to one hundred percent (100%) of the annual Fair Market Value of the Offer Space as of the date that Tenant gives a First Offer Exercise Notice (which date shall be the “Calculation Date” with respect to the First Offer Space).
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Sources: Lease Agreement (Andersen Group Inc.), Lease Agreement (Andersen Group Inc.)
First Offer Rent. The annual Rent payable by Tenant for the Offer Space leased by Tenant (the “First Offer Rent”) shall be equal to one hundred percent (100%) of the annual Fair Market Value Rent of the Offer Space as of the date that Tenant gives a First Offer Exercise Notice (which date shall be the “Calculation Commencement Date” with respect to the First Offer Space).
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