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Document / 113 pages

Draft lease for 7 World Trade Center, December 1997

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_000170060–000170172

Folder label: “AGREEMENT OF LEASE

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NYC 9/11 Public Portal Document

goods, requests for future employment of other benefit or thing of value, by or on behalf of any

employee of the City or other person, firm, corporation or entity for any purpose which may be

related to the procurement or obtaining of this Lease by the Landlord, or affecting the

performance of this Lease.

ARTICLE 25

SIGNIFICANT RELATED PARTY TRANSACTIONS

Landlord shall be required to disclose and notify Tenant of any transactions with

significant related parties, including subsidiaries and affiliates of Landlord, the costs of which are

charged to Tenant as rent or additional rent, including, but not limited to. Base Year Operating

Expenses (if CPI formula is used) overtime HVAC and Tenant repairs. For purposes of this

Article, Landlord and Tenant agree that the Port Authority is not a related party of Landlord.

Landlord shall provide Tenant with written notice of such transactions upon submission of

invoices for Rent or at the end of the calendar year in which the transactions to be billed as Rent

were performed by significant related parties. When such transactions occur, prices of same must

be in line with normal industry practice in New York City. Upon 5 days notice to Landlord and

Landlord’s failure to notify Tenant of such related party transactions shall result in a disallowance

of such costs that would otherwise be billed as rent. If such related party transactions occurred

and were disclosed, but it is found by Tenant that the costs thereof exceed normal industry costs

in an arms length third party transaction in New York City, then such excessive charges shall be

disallowed. This/AftihkeXmaes feesjndiided in Opej^tihg Expenses.

ARTICI.E 26

ASBESTOS

F:\CR\LHC\ 4219.I016\NEWLSE.4 74

NYC-WTC_000170139

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NYC-WTC_000170139Source: NYC Law Department, mirrored locally

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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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