Draft lease for 7 World Trade Center, March 1998

NYC 9/11 Public Portal Document

The Demised Premises shall be used by the Mayor’s Office of Emergency Management for executive and general offices for its domestic and international activities, such uses and activities to be conducted in a manner consistent with a first-class office building and for no other purpose whatsoever or for such other similar purposes as the Commissioner of Citywide Administrative Services may determine, provided such other purposes are consistent with the aforesaid, in conformity with the Underlying Lease, no portion of the Demises Premises shall be used to deal with the public on an “off the street” basis and upon the terms and conditions hereinafter set forth. The square footage of the Demised Premises consists of the rentable square footage set forth above, said square footage is accurate and the City relies upon these representations has been reviewed and verified by the Department of Citywide Administrative Services, Department of Real Estate Services (“DRES”).

ARTICLE 1 TERM The term (“Term”) of this Lease for which the Demised Premises are hereby leased, shall commence on a the date hereof (herein called the “Commencement Date”) which shall be (i) the day on which Tenant’s Initial Work-(as defined in Article 6) in the Demised Premises has been-Substantially Completed (as defined in Article 6) or (ii) the day Tenant, or anyone claiming under or through Tenant, first occupies alFor anyportion-of the Demises Premises and conducts business therein, whichever of (i) or(ii) occurs earlier, and shall end at noon on January 31, 2018, which ending date is hereinafter called the “Expiration Date”, or shall end on such earlier date upon which the Term may expire or be canceled or terminated pursuant to any of the conditions or covenants of this Lease or pursuant to law. Promptly following the Commencement Date the parties hereto (hereinafter sometimes referred to as the “parties ) shall enter into a supplementary agreement fixing the date of the Commencement Date but if the parties are unable to agree upon-the ConinicnccnlentDate within fifteen (15) days after Landlord’s written request to enter into such supplementary agreement, such date shall be determined by arbitration in the matter-provided in Article 6 (J) and-as and when so determined the parties shaH-enter into such supplementaryitgrecnlent*

ARTICLE 2 RENT The "rents" reserved under this Lease, for the Term thereof, shall be and consist of:

(a) "Base Rent" (or "fixed rent") at the following annual amounts:

(i) ONE MILLION FOUR HUNDRED FIVE THOUSAND NINETY-SIX and 00/100 ($1,405,096.00) DOLLARS ($117,091.33 per month) for the period commencing on the Rent Commencement Date and ending on the day next preceding the fifth (5th) anniversary of the Rent Commencement Date, both dates inclusive (the "1st Rental Period"):

F.\CR\LHC\ 4219.1016WEWLSE.7 2

NYC-WTC_000169842