Common use of LEASE TERMS CO-TERMINOUS Clause in Contracts

LEASE TERMS CO-TERMINOUS. It is acknowledged that (i) concurrently with the execution of this Lease for Building 5, Landlord and Tenant are also executing a separate lease agreement dated May 16, 2005 (hereinafter referred to as the “Building 6 Lease”) affecting adjacent property located at 6▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ and an Option Agreement (as referenced in Paragraph 47 (“Option to Lease Adjacent Property”) below and (ii) it is the intention of the parties that the Termination Date of this Lease be co-terminous with the term of the Building 6 Lease such that the terms of both leases expire on the same date, subject however to the early termination of this Lease resulting from the terms and conditions stated under Paragraph 21 (“Bankruptcy and Default”) and Landlord’s option to terminate the Building 6 Lease as stated in Paragraph 45 (“Cross Default”). It is agreed to by the parties hereto that a termination of this Lease resulting from Paragraph 23 (“Destruction”) or Paragraph 24 (“Eminent Domain”) shall not result in a termination of the Building 6 Lease, unless Landlord elects, at its sole and absolute discretion, to terminate both of the leases. In the event Tenant exercises its Option to Lease Building 3 pursuant to the Option Agreement , the Term of this Lease and the Building 6 Lease shall be co-terminous with the Building 3 Lease entered into pursuant to the Option as referenced in Paragraph 47 (“Option to Lease Adjacent Property”).