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Draft lease for 7 World Trade Center, March 1998

Machine-extracted title · confidence 95%

Draft lease agreement between the City of New York and 7 World Trade Company for Mayor's Office space.

NYC-WTC_000169936–000170055

Folder label: “AGREEMENT OF LEASE

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NYC 9/11 Public Portal Document

1998.

1.3 “Lease Year” shall mean each period of twelve (12) consecutive months.

beginning on the first day of January of each calendar year, during the Term of this Lease.

1.4 “Operating Expenses Base Year” shall mean the calendar year 1998.

2. “Operating Expense Escalation “shall mean a sum payable by Tenant to

Landlord each Lease Year computed by multiplying the sum representing the Base Year

Operating Expenses as defined under Subsection A. 1 of this Article 4 by the percentage, if any.

by which the average Price Index, as published for the month following the last month of the

Lease Year in question, shall exceed the Base Price Index. Such sum shall be multiplied by

2.59% which represents Tenant pro rata share of Operating Expenses for the Building. (See

example for calculating CPI Index changes below.)

3. Such Operating Expense Escalation for every Lease Year which follows the

Operating Expense Base Year shall be billed and paid as follows;

(a) Within five weeks after the beginning of any such Lease Year, Landlord

shall deliver to Tenant a statement (hereinafter the “Estimate”) showing the estimated amount of

such Operating Expense Escalation payable for the then current Lease Year, which estimated

amount shall be calculated by using the previous Lease Year’s CPI factor according to 2. above.

Tenant shall pay Landlord the same sum. in equal monthly installments ( such monthly

installment hereinafter referred to as the “Amount”) in arrears on the last day of each and every

month during such Lease Year. Such Estimate shall be on account of the Operating Expense

Escalation accruing under this Subsection A.2, subparagraph 3 (b), below for the then current

Lease Year.

F:\CR\LHC\ 4219. lOieWEWLSE.d 13

NYC-WTC_000169952

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NYC-WTC_000169952Source: NYC Law Department, mirrored locally

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Draft lease agreement, August 1997 · Box 7DCAS

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Lease Agreement for 7 WTC, Mar 1998 · Box 7DCAS

NYC-WTC_000169723

Official lease agreement between the City of New York and 7 World Trade Company, L.P. for space at 7 World Trade Center.

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