Common use of First Option Clause in Contracts

First Option. Landlord grants Tenant an option (the "First Option") to extend the term of the Lease for one (1) additional term of five (5) years (the "First Option Term"). The First Option applies only to the Premises and is on the following conditions:

First Option. Landlord hereby grants to Tenant an the option (the "First Option") to extend the term of the this Lease for one (1) additional term of a five (5) years year period commencing on the date the prior term expires (the "First Option TermPeriod"). The First Option applies only to the Premises ) upon each and is on all of the following terms and conditions: