NYC 9/11 Public Portal Document
ARTICLE 3
OPTION TO TERMINATE
The Tenant shall have the right to terminate this Lease in v. holt:, without any penalty or
liability to Tenant, except as provided in this Article, effective as of the end of the 2nd Rental
Period, or at any time thereafter, upon eighteen (18) months prior written notice to the Landlord
(the “Termination Notice”), in which event, this Lease shall terminate at the end of the 2nd
Rental Period (or later date contained in the Termination Notice ? as if such date were the
Expiration Date, provided that (i) the Expiration Date shall fall on the List day of a calendar
month and (ii) within niiiety-(90^ays after the delivery of Tenant’s Teimination Notice under
this Article 3, Tenant shall pay to Landlord an amount equal to the unamortized portion of the
brokerage commission (as of the Expiration Date in the tenmnattofl Termination Notice) paid by
Landlord to the Broker (as defined in Article 29). Landlord shall provide Tenant with a statement
of such commission within 15 days following receipt of the Termination Notice. Time shall be of
the essence with respect to the giving of such notice and payment by Tenant.
ARTICLE 4
TAX AND OPERATING EXPENSE ESCALATIONS
Landlord and Tenant agree that in addition to the annual base rental provided for in the
preceding paragraphs of this Lease, additional rent shall be payable, consisting of Real Estate Tax
Escalations or Pilot Escalations and Operating Expense Escalations as those terms are hereinafter
defined. Landlord and Tenant agree Tenant’s pro-rata share of Real Estate Tax Escalations, Pilot
Escalations, and Operating Expense Escalations accurately reflects the ratio of Tenant’s rentable
square footage to the total rentable square footage in the Building.
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NYC-WTC_000170071
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