NYC 9/11 Public Portal Document
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
of the Demised Premises 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 cenify or
deny certification of Substantial Completion (“Certification”) to Landlord within three (3)
business days after receipt of Landlord's Completion Notice. Failure by Tenant to respond within
said three (3) business day period, shall be deemed Certification by Tenant. If Tenant shall deny
Certification, Tenant shall state in writing in reasonable detail the reasons for such denial but, in
any event. Substantial (Completion 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 resolved by
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
Tenant's Initial Work after notice to Tenant;(iii) additional work or changes or new materials
requested by Tenant, it being agreed that Landlord's response to Tenant’s request for additional
work or changes or new materials shall include the cost thereof and estimated resulting delay
time; or (iv) any resubmissions or revisions of Tenant's Final Plans (without regard to any time
periods granted to Tenant hereunder for making such resubmissions or revisions). Corrections of
errors in the Final Plans shall not be deemed a Tenant delay. Landlord shall advise Tenant within
one (l)business day after Landlord has knowledge of any condition or occurrence or act which
will result in a delay under this Paragraph, which delay shall be deemed to have commenced, at
Landlord’s option, on the earlier of the date of receipt by Tenant of Landlord’s said notice or one
(1) business day sooner. At Landlord's option. Substantial (Completion shall occur on the date on
which Tenant's Initial Work would have been Substantially (Completed if hot for the occurrence
of any such delays.
(I) Notwithstanding anything Contained to the contrary in this Lease, the total cost
of Tenant's Initial Work which Landlord shall provide Tenant without charge and for installations
performed prior to Substantial (Completion shall be, as of February 12, 1998, the sum of
$1,668,858.00 (the "Landlord’s Contribution"), subject to reduction for increase in the
Architect’s fees and/or services as provided in Paragraph (B)(a) hereof. The Work Cost in excess
of Landlord’s CContribution will be paid by Tenant. Tenant shall not authorize a change order or
changes or new materials to create a Work Cost in excess of $14,287,986.00. The balance of the
Work (Cost in excess of Landlord’s (Contribution, up to the sum of $12,619,128.00 shall be borne
by Tenant. If the Work (Cost (including Landlord’s Contribution) exceeds $14,287,986.00,
Tenant shall promptly meet with Landlord to resolve the overage, but the preceding shall not
affect Tenant’s responsibility for payment of the Work Cost in excess of Landlord’s (Contribution.
Provided Landlord has commenced and is proceding with reasonable diligence in the performance
of Tenant’s Initial Work, payment by Tenant of the Work (Cost in excess of Landlord’s
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NYC-WTC_000167089
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