Lease Agreement between City and 7 WTC Company, Mar 1998

NYC 9/11 Public Portal Document

ARTICLE 18 ACCESS BY DISABLED PERSONS

Landlord represents that the premises demised herein are suitable for access by disabled persons.

ARTICLE 19 SUBORDLNATION AND NON-DISTURBANCE

(A) This Lease shall be subject and subordinate to all existing mortgages of record or future mortgages from a reputable lender or lending institution which may affect the real property of which the Demised Premises form a part, provided, and as a condition precedent to the subordination of this Lease to any of said mortgages, the mortgagee shall execute and deliver to Tenant an agreement in recordable form and in the form reasonably acceptable to Tenant whereby said mortgagee agrees that should it become necessary to foreclose such mortgage or should the mortgagee otherwise come into possession of the premises, such mortgagee will not join Tenant under this Lease in foreclosure (unless required by law) or summary proceedings and will not disturb the use and occupancy of Tenant under this Lease so long as Tenant is not in default under any of the terms, covenants and conditions of this Lease.

(B) Notwithstanding anything to the contrary in the foregoing Subparagraph A., Landlord agrees, at its sole cost and expense, to deliver to Tenant, within 180 days following the unconditional execution and delivery of this Lease by Landlord and Tenant, a fully negotiated and executed Subordination, Nondisturbance and Attornment Agreement, signed by. Landlord (if required) and Landlord’s current mortgagees meeting the requirements of Subparagraph (A) above. If required by any mortgagee. Tenant will execute said Agreement prior to execution by the mortgagee.

(C) This Lease, and all rights of Tenant hereunder, are and shall be subject and subordinate in all respects to the Underlying Lease, all ground leases, overriding leases and underlying leases of the Land and/or the Building now or hereafter existing and to all mortgages which may now or hereafter affect the Land and/or the Building and/or any of such leases, whether or not such mortgages shall also cover other lands and/or buildings, to each and every advance made or hereafter to be made under such mongages, and to all renewals, modifications, replacements and extensions of such leases and such mortgages and spreaders and consolidations of such mortgages. This Section shall be self-operative and no further instrument of subordination shall be required. In confirmation of such subordination. Tenant shall promptly execute and deliver any instrument that Landlord, the lessor of any such lease or the holder of any such mortgage or any of their respective successors in interest may request to evidence subordination. The leases to which this Lease is, at the time referred to, subject and subordinate pursuant to this Article are hereinafter sometimes referred to as "superior leases" and the mortgages to which this Lease is, at the time referred to, subject and subordinate are hereinafter sometimes referred to as "superior mortgages" and the lessor of a superior lease or its successor

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