Draft lease for 7 World Trade Center, March 1998

NYC 9/11 Public Portal Document

Landlord warrants and represents that no officer, agent, employee or representative of The City of New York has received any payment or other consideration for the making of this Lease and that no officer, agent, employee or representative of The City of New York has any interest, directly or indirectly, in this Lease or the proceeds thereof.

ARTICLE 17 QUIET ENJOYMENT

Landlord covenants that Tenant, paying the rent reserved herein, and performing all of the other terms, covenants and conditions on its part to be performed, shall and may peaceably and quietly have, hold and enjoy the Demised Premises for the use and purpose stated in this Lease.

ARTICLE 18 ACCESS BY DI^LED^^SONS

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 mortgages from a reputable lender or lending institution which may affect the real property of which the Demised Premises form a part, provided, and as a condition precedent to the subordination of this Lease to any of said mortgages, the mongagee shall execute and deliver to Tenant an agreement in recordable form and in the form reasonably acceptable to Tenant whereby said mortgagee agrees that should it become necessary to foreclose such mortgage or should the mortgagee otherwise come into possession of the premises, such mortgagee 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 mortgagees meeting the requirements of Subparagraph (A) above. If required by any mortgagee. 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

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