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Lease Article 5 regarding landlord interest and layout plans, 1998

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Lease provision defining the landlord's ownership warranty and requirements for final layout and finish plans at 7 World Trade Center.

NYC-WTC_000167056–000167067

Folder label: “Article 5 Landlord's Interest in Premises Article 6 Layout and Finish

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adversely affect Tenant’s use ofjdiF^wteiad'iJffice-poiTlun^ Demised Premises, including

necessary sign-offs of The Port Authority, (or when all work (except as aforesaid) would have

been completed but for delays caused by Tenant as provided in this Paragraph (H) or otherwise).

aid (ii) a certified air balancing report approved by Landlord’s engineer as being in conformance

with the Plans has been delivered to the Tenant. Tenant shall promptly submit to Landlord

a "punch-list" of such minor unfinished work which punch-list items, undisputed by Landlord,

will be diligently completed. Tenant shall periodically inspect Tenant's Initial Work and make

any objections thereto, if called for, without delay, so as to mitigate changes, delays and costs.

Landlord shall give Tenant notice (“Landlord’s Completion Notice”) of Substantial Completion

on or promptly after the date of Substantial Completion, which notice shall include the items

under (i) (Port Authority sign-offs) and (ii) above. Tenant shall certify or deny certification of

Substantial Completion (“Certification”) to Landlord within business days after receipt

of Landlord’s Completion Notice. Failure by Tenant to respond within said business

day period, shall be deemed Certification-by Tenant Jf Tenant shall deny CertificationT-Tenant^ shall state in writing in reasonable deiail the reasons for such denial)but, 4nahy event,'

-^6^^ « Substantial Completion and the Commencement Date shall be deemed to have occurred on the

date set forth in Landlord’s Completion Notice, subject to the right of Tenant to have such issue

Arbitration as provided in Paragraph J of this Article.

(b) Tenant specifically acknowledges and agrees that the Work Cost may

increase and there may be delay in completion of Tenant's Initial Work by reason of (i) subject to

Paragraph (C) hereof, unreasonable delay or failure by Tenant in supplying information or giving

authorizations;(ii) interference by Tenant or Tenant's contractors with the performance of

F:\CR\LHC\ 4219.1016\NEWLSE.4 27

NYC-WTC_000167062

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NYC-WTC_000167062Source: NYC Law Department, mirrored locally

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Draft lease agreement, August 1997 · Box 7DCAS

NYC-WTC_000170296

Draft lease agreement between the City of New York and 7 World Trade Company for 45,815 square feet at 7 World Trade Center.

1 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.982

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