Lease Agreement for 7 WTC, Mar 1998

NYC 9/11 Public Portal Document

or (iii) affect the exterior or lobby or service areas of the Building, without Landlord's written consent. In making any such alterations, decorations, installations, additions or improvements, Tenant shall comply with all laws, rules, regulations of governmental authorities (including, the Port Authority) having jurisdiction and the New York Board of Fire Underwriters and Insurance Services Office and shall save Landlord harmless from any and all bills for labor performed and equipment, fixtures and materials furnished Tenant in connection therewith. The cost thereof shall be promptly paid by Tenant so that the Building and the Demised Premises shall at all times be free of liens for labor and materials supplied or claimed to have been supplied. Subject to the second sentence of this Article, Tenant’s alterations exceeding $50,000 in the aggregate shall be subject to the prior approval of Landlord, the Port Authority (without regard to amount, if required) and reimbursement to Landlord for its out-of-pocket costs of review. Fees of the Port Authority shall be paid by Tenant and Tenant shall not violate Landlord’s union contracts affecting the Real Property. All property of whatever kind or nature in or on the Demised Premises owned, installed or paid for by Tenant shall be and remain the property of Tenant and upon the termination of this Lease, renewal, extension or holdover period. Tenant shall have the option of removing such property or of surrendering such property (including partition systems and/or furniture located in the Demised Premises) to Landlord, in either event without any liability to Landlord. Tenant shall exercise its option by giving written notice to Landlord within thirty (30) days prior to the termination of this Lease, renewal, extension or holdover period. If Tenant shall fail to give such notice or shall fail to remove such property upon termination of this Lease, renewal, extension or holdover period, the property shall be deemed to be surrendered without any payment for removal owed to Landlord.

ARTICLE 12 END OF TERM

Upon the expiration or other termination of the Term of this Lease, Tenant shall quit and surrender the Demised Premises in good order and condition with ordinary wear and tear, and damage by the elements, including fire or other casualty, excepted.

ARTICLE 13 REPAIRS

Landlord shall make all interior, exterior and structural repairs, excluding such repairs necessitated by the willful acts or negligence of Tenant or its invitees, but including maintenance, repair or replacement of the roof, windows and window glass. Building plumbing, and electrical systems, common areas, removal of graffiti from the exterior and interior of the Building and/or the Demised Premises, and all repairs needed because of Landlord's negligence or because of defective materials or workmanship in the construction and/or improvement by Landlord of the Demised Premises or of the Building of which they are a part. Landlord shall repair and maintain any sidewalks, curbs and passageways adjoining and/or appurtenant to the Demised Premises in good, clean and orderly condition, free of dirt, rubbish, snow, ice and unlawful obstruction. Landlord is not responsible for making any repairs to Tenant’s Initial Work, Tenant's

F:\CR\LHC\ 4:i9.lO16\NEWLSE.FNL 30

NYC-WTC_000169756