Draft lease for 7 World Trade Center, March 1998

NYC 9/11 Public Portal Document

(g) Upon installation, the facilities shall become the sole property of Landlord, except that upon the expiration or earlier termination of this Lease, Tenant, at Landlord's option exercised prior to the date which is six (6) months following the Expiration Date, shall be required to have all facilities removed and restore the Building to its condition prior to such installation and alteration, which removal and restoration shall be performed by Landlord at Tenant's expense.

AR'nCLE 11 ALTERATIONS BY TENANT

Tenant may make non-structural interior alterations, decorations, installations, additions and improvements in and to the Demised Premises and may erect signs therein or thereon. Notwithstanding the foregoing. Tenant shall make no alterations, additions or improvements which (i) affect the mechanical, electrical or other systems of the Building, or (ii) are structural 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 Pon Authority (without regard to amount, if required) and reimbursement to Landlord for its out-of-pocket costs of review. Fees of the Pon Authority shall be paid by Tenant and Tenant shall not violate Landlord’s union contracts affecting the Real Property. AH 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.

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