NYC 9/11 Public Portal Document
Q. .
Paragraph (B) and (C) hereof, Landlord agrees to give Tenant a notice (“Completion Notice”')
within sixty (60) days following the date of notice to Landlord of any fire or other casualty
affecting ten percent (10%) or more of the Demised Premises, setting forth Landlord’s estimate of
the date when the Demised Premises is expected to be rebuilt and restored as provided in
Paragraph (A). If such date in the Completion Notice shall extend beyond nine (9) months
following the date of giving of such Completion Notice, Tenant shall have the right to terminate
this Lease upon thirty (30) days’ notice given within twenty-five (25) days of the receipt of the
Completion Notice and on the expiration of such thirty (30) day period this Lease shall terminate
as if such date were the Expiration Date. If the date set forth in the Completion Notice shall not
extend beyond nine (9) months following the date of giving of such Completion Notice, Tenant
shall have no further right to terminate this Lease. Notwithstanding the foregoing, if in the event
of any fire or other casualty described in the first sentence of this Paragraph (D), Landlord shall
have failed to so rebuild and restore the Demised Premises (excluding Long Lead Work) on or
before the later of (x) nine (9) months (plus any delay due to adjustment of insurance or force
majeure not exceeding three (3) months in the aggregate) following the date of the giving of such
Completion Notice and (y) the date set forth in the Completion Notice, Tenant’s sole remedy shall
be that Tenant shall have the right to terminate this Lease upon fifteen (15) days’ notice to
Landlord given within thirty (30) days following the later of such dates, and on the expiration of
such fifteen (15) day period this Lease shall terminate as if such date were the Expiration Date.
(E) From the date of any partial damage by fire or other casualty to the date certified
by Tenant/DRES in writing that the entire premises have been restored, excluding Long Lead
Work, Tenant shall pay rent for that part of the premises it is using during the alterations and
F-.\CR\LHC\ 4219.1016' NEWLSE 4 52
NYC-WTC_000170117
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