Draft lease for 7 World Trade Center, March 1998

NYC 9/11 Public Portal Document

be affected thereby, except as set forth in the last sentence of this Paragraph (B) and Paragraph (L). In no event shall the Espliation Date be posiponotl beyond January 31,2018. Landlord agrees that it will use reasonable efforts to ob^ contracts for foe performance of the work required to be perfonned by it and to arrange to have all such work commenced without delay and prosecuted without uonecessaty ictern^tion until completion. Notwithstanding foe preceding, Landloid shall use its best efforts (at no additional ttqreose) to Substantially Complete Tenant's Initial Work within six (6) monfos after appievai-oHbebidtioftiHraderrteeessarrfor Substa»titb€(m)p)etion-of^)edderitiseddPT«!Risesth8JCaBtiQM8laiL£Q9^^ "Target Date"), excluding foe Long Lead Items/Work set forth on Schedule 1 annexed hereto (the "Sohedolad ftemc"). In the event (a) ]^|g^Q2£iLlbl&JEllLl Mh B haraof not dne to a : to aerihrm iti ohBettittni nadar fhk and fhi Tenant's Initial Work shall not be Substantially Completed (as hereinafter defined) excluding the Scheduled Items on or prior to the Target Date not due to a Tenant delay (as act forth in this Article) or fault of Tenant to perform Its obligations under (his Lease, and (b) (si Tenant shall not have taken possession of any portion of the Demised Premises, then* the Rent Commencement Date dull be acUoumed one (1) day for each one (I) day after the Target Date that Tenant's Initial Worir shall have failed to have been Substantially Con^leted. F. Tenant shall be permitted to enter into foe Demised Premises for installation of its machinery, furniture, equipment and fixtures and performance of its work, all as permitted by this Lease prior to Substantial Completion at its sole risk, provided that such entry and work do not Interfere in any way with Landlord's performance of foe work to be done by Landlord. At any time during such period of prior entry, if Landlord notifies Tenant that Tenant's entry or work is interfering with or delating Landlord's performance of Tenant's Initial Work, Tenant shall forthwith foscontinue ai^ furfoer work and shall remove from the Demised Premises and shall cause its workmen or contractors to remove therefrom, any equipment, materials or installationa which arc the subject of Landlord's notice. (0) Subject to foe provisions of this Article 6 and Article 11, all work performed by Landlord, including the Building air conditioning installation, shall, upon installation, become Landlord’s property (excluding Tenant's trade fixtures, personal property and equipment) and shall be surreudered at foe expintion or sooner termination of foe Term of fols lease, in good condition, reasonable wear and tear excepted. (H) (a) For fo* purposes of this Article, Tenant'I Initial Work shall be deemed to be Substantially Completed when (1) all work is completed (including necessary sign-offs of The Pon Authority), exciting the Scheduled items and minor details of construction or decoration which do not materially adversely affect Tenant's use of the Demised Premises(of when all work (except as aforesaid) would have been completed but for delays caused by Tenant as provided in fols Paragraph qi) or oiherwix), and (ii) a ccrtlfled air balancing report ^proved by Landlord’s engineer as being in conformance with the Final Plans has been delivered to foe Tenant Tenant shall promptly submit to Landlord a "punch-list" of such minor unfinished work which punch-list

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