Lease Agreement for 7 WTC, Mar 1998

NYC 9/11 Public Portal Document

ARTICLE 18 ACCESS BY DISABLED raRSONS

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

ARTICLE 19 SUBORDINATION AND NON-DISTURBANCE

(A) This Lease shall be subject and subordinate to all existing mortgages of record or future mongages from a reputable lender or lending institution which may affect the real propeny of which the Demised Premises form a pan. provided, and as a condition precedent to the subordination of this Lease to any of said mongages, the mongagee shall execute and deliver to Tenant an agreement in recordable form and in the form reasonably acceptable to Tenant whereby said mongagee agrees that should it become necessary to foreclose such mongage or should the mongagee otherwise come into possession of the premises, such mongagee 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 mongagees meeting the requirements of Subparagraph (A) above. If required by any mongagee. 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 mongages 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 mongages and spreaders and consolidations of such mongages. This Section shall be self-operative and no funher 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 mongage 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 Anicle are hereinafter sometimes referred to as "superior leases" and the mongages 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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NYC-WTC_000169762