Common use of Lease Terms Co-extensive Clause in Contracts

Lease Terms Co-extensive. It is acknowledged that (i) Landlord and Tenant have previously executed four separate leases in addition to this Lease: one of said leases dated October 31, 1989 is for Premises located at 000 XxXxxxxx Xxxx., Milpitas, California (the "Building Two Lease"); one of said leases dated September 17, 1990 is for Premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building Four Lease"); one of said leases dated April 10, 1992 is for Premises located at 000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 3 Lease"); and one of said leases dated March 23, 1994 is for premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 5 Lease") (hereinafter collectively referred to as the "Other Leases"); and (ii) it is the intention of the parties that the term of this Lease be co-extensive with the term of the Other Leases, such that the terms of all five leases ("the Leases") expire on the same date. The provisions of this Paragraph 40C also requires the terms of all the Leases to be extended accordingly if Tenant exercises its Option to Extend under any of the Leases. The monthly Basic Rent during the extended term under each of the Leases shall be increased by $.05 per square foot on the commencement date of the extended term and thereafter on each and every anniversary of the respective lease's commencement date of the extended term."

Appears in 1 contract

Samples: Lease Agreement (Quantum Corp /De/)

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Lease Terms Co-extensive. It is acknowledged that (i) Landlord and Tenant have previously executed four separate leases in addition to this Lease: one of said leases dated October 31, 1989 is for Premises located at 000 1000 Xxxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the “Building One Lease”); one of said leases dated October 31, 1989 is for Premises located at 500 XxXxxxxx Xxxx., Milpitas, California (the "Building Two Lease"); one of said leases dated September 17, 1990 is for Premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building Four Lease"); one of said leases dated April 10, 1992 is for Premises located at 000 900 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 3 Lease"); and one of said leases dated March 23, 1994 is for premises located at 0000 1000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 5 Lease") (hereinafter collectively referred to as the "Other Leases"); and (ii) it is the intention of the parties that the term of this Lease be co-extensive with the term of the Other Leases, such that the terms of all five leases ("the Leases") expire on the same date. The provisions of this Paragraph 40C also requires the terms of all the Leases to be extended accordingly if Tenant exercises its Option to Extend under any of the Leases. The monthly Basic Rent during the extended term under each of the Leases shall be increased by $.05 per square foot on the commencement date of the extended term and thereafter on each and every anniversary of the respective lease's ’s commencement date of the extended term."

Appears in 1 contract

Samples: Lease Agreement (Maxtor Corp)

Lease Terms Co-extensive. It is acknowledged that (i) Landlord and Tenant have previously executed four separate leases in addition to this Lease: one of said leases dated October 31, 1989 is for Premises located at 000 XxXxxxxx Xxxx.0000 Xxxxxxxxxx Xxxxx, MilpitasXxxxxxxx, California Xxxxxxxxxx (the "Building Two One Lease"); one of said leases dated September 17, 1990 is for Premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building Four Lease"); one of said leases dated April 10, 1992 is for Premises located at 000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 3 Lease"); and one of said leases dated March 23, 1994 is for premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 5 Lease") (hereinafter collectively referred to as the "Other Leases"); and (ii) it is the intention of the parties that the term of this Lease be co-extensive with the term of the Other Leases, such that the terms of all five leases ("the Leases") expire on the same date. The provisions of this Paragraph 40C also requires the terms of all the Leases to be extended accordingly if Tenant exercises its Option to Extend under any of the Leases. The monthly Basic Rent during the extended term under each of the Leases shall be increased by $.05 per square foot on the commencement date of the extended term and thereafter on each and every anniversary of the respective lease's commencement date of the extended term."

Appears in 1 contract

Samples: Lease Agreement (Quantum Corp /De/)

Lease Terms Co-extensive. It is acknowledged that (i) Landlord and Tenant have previously executed four separate leases in addition to this Lease: one of said leases dated October 31, 1989 is for Premises located at 000 1000 Xxxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the “Building One Lease”); one of said leases dated October 31, 1989 is for Premises located at 500 XxXxxxxx Xxxx., Milpitas, California (the "Building Two Lease"); one of said leases dated September 17, 1990 is for Premises located at 0000 1000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building Four Lease"); one of said leases dated April 10, 1992 is for Premises located at 000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 3 Lease"); and one of said leases dated March 23, 1994 is for premises located at 0000 1000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 5 Lease") (hereinafter collectively referred to as the "Other Leases"); and (ii) it is the intention of the parties that the term of this Lease be co-extensive with the term of the Other Leases, such that the terms of all five leases ("the Leases") expire on the same date. The provisions of this Paragraph 40C also requires the terms of all the Leases to be extended accordingly if Tenant exercises its Option to Extend under any of the Leases. The monthly Basic Rent during the extended term under each of the Leases shall be he increased by $.05 per square foot on the commencement date of the extended term and thereafter on each and every anniversary of the respective lease's ’s commencement date of the extended term."

Appears in 1 contract

Samples: Lease Agreement (Maxtor Corp)

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Lease Terms Co-extensive. It is acknowledged that (i) Landlord and Tenant have previously executed four separate leases in addition to this Lease: one of said leases dated October 31, 1989 is for Premises located at 0000 Xxxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building One Lease"); one of said leases dated October 31, 1989 is for Premises located at 000 XxXxxxxx XxxxBlvd., Milpitas, California (the "Building Two Lease"); one of said leases dated September 17, 1990 is for Premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building Four Lease"); one of said leases dated April 10, 1992 is for Premises located at 000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 3 Lease"); and one of said leases dated March 23, 1994 is for premises located at 0000 Xxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx (the "Building 5 Lease") (hereinafter collectively referred to as the "Other Leases"); and (ii) it is the intention of the parties that the term of this Lease be co-extensive with the term of the Other Leases, such that the terms of all five leases ("the Leases") expire on the same date. The provisions of this Paragraph 40C also requires the terms of all the Leases to be extended accordingly if Tenant exercises its Option to Extend under any of the Leases. The monthly Basic Rent during the extended term under each of the Leases shall be increased by $.05 per square foot on the commencement date of the extended term and thereafter on each and every anniversary of the respective lease's commencement date of the extended term."

Appears in 1 contract

Samples: Lease Agreement (Quantum Corp /De/)

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