World Trade Center records folder, 2001

NYC 9/11 Public Portal Document

144

ARTICLE 32

ASSIGNMENT AND SUBLETTING

32.1 Tenant shall not assign, sell or mortgage, pledge or in any manner

transfer this Lease or any interest therein or sublet the Demised Premises or parts

thereof except in accordance with the provisions of this Article 32.

32.2 (a) If Tenant desires to assign this Lease or to sublet all or part of

the Demised Premises and shall have obtained a proposed assignee or subtenant upon

terms satisfactory to Tenant, Tenant shall submit to Landlord in writing a request for

Landlord's consent, together with the name of the proposed assignee or subtenant; the

terms and conditions of the proposed assignment or subletting; the nature and

character of the business which the proposed assignee or subtenant proposes to

conduct in the Demised Premises; current financial statements and banking and other

references of such proposed assignee or subtenant; in the case of a partial subletting,

a plan of the Demised Premises which sets forth in detail the area Tenant proposes to

sublet and the floor space therein; and such other information concerning such

proposed assignment or subletting as Landlord may reasonably request.

(b) If Tenant desires to assign this Lease or sublet all or a portion of

the Demised Premises, Landlord shall have the option, which may be exercised within

twenty-five (25) days following Landlord's receipt of Tenant's request for Landlord's

consent and the documentation supporting such request, to acquire the interest being

assigned by Tenant or to sublet the Demised Premises (or a portion thereof) from

Tenant on the same terms and conditions of such proposed assignment or subletting,

NYC-WTC 000136523