Draft lease for 7 World Trade Center, March 1998

NYC 9/11 Public Portal Document

Within 35 days after the unconditional execution and delivery of this Lease by Landlord and Tenant, Landlord shall cause said Architect to ammge-fbrTMrparatron-of complete the Final Plans and delivery of same to DRES and the Port Authority and other regulatory agencies (if any) which require said submission. DRES will review and either approve or disapprove the Final Plans, which approval shall not be unreasonably withheld, conditioned or delayed within ten (10) business days after receipt by DRES. In the event DRES shall not approve such Final Plans it shall indicate in writing in reasonable detail the corrections required before such approval can be furnished. Thereafter, Landlord shall resubmit revised Final plans within ten (10) business days and DRES shall approve or disapprove such revised drawings and indicate whatever corrections it requires within five (5) business days after receipt thereof, following which Landlord shall within five (5) business days of its receipt of corrections required by DRES fully complete the revision of the Final Plans based on the requested corrections and furnish DRES with a complete set thereof for its approval, which approval shall not be unreasonably withheld, conditioned or delayed.

(B) The term "Work Cost" as used in this Article shall mean the actual cost to Landlord of furnishing and installing Tenant's Initial Work as shown on the Final Plans and shall consist of all costs and expenses (excluding construction loan interest and related financing costs) charged to Landlord for:

(a) the approved Architect’s fees for any change orders after February 12, 1998 to the services required for Tenant’s Initial Work requested by DRES, which are in the Architect’s Scope of Services and any additional Architects fees’ for major modifications or increases in the scope of the Architect’s services to the extent requested and authorized in writing signed by DRES,

(b) the performance of all terms of Tenant’s Initial Work in accordance with the Final Plans; -and

(c) one (1) construction manager’s general conditions (not to exceed eight percent (8%) and one (1) construction manager’s over-head and profit (not to exceed 6% six percent (6%) plus insurance of one and one-quarter percent (1.25%); Landlord shall not be entitled to be paid an administrative or management fee for the performance of Tenant’s Initial Work. There shall be no double payment by Tenant of any items included in the Tenant’s Work Cost, including but not limited to any components of overhead and profit and construction manager’s fees^andT

Within ten (10) (d) Landlord and Tenant mav negotiate in good faith a for Tenant’s use of fuel pipes now installed in the Building and such cost, upon approval bv Tenant, shall

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