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Legal memo on 7 WTC lease draft #4 comments, Dec

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Law Department memorandum providing legal comments and corrections regarding the fourth draft of the lease for 7 World Trade Center.

NYC-WTC_000170182–000170191

Folder label: “Article 5 Landlord's Interest in Premises

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NYC 9/11 Public Portal Document

DEC-31-1997 14:37 NYC LAW DEPT 212 788 0366 P.13/13

(K) If Tejiant shalLfail to iiialttniiiitiv 'PSVTOiliit of4asLjwH»s-p«yiih1e iq, Landlord

ptjESiaRWhw-AfricTe, then, in additinn tn nil nrha^ftthns nnd remedies afforded i rhe

event oLsuehTturmwaer^ Landlord may, wiumwjflUce to Tenant, discontinue the performance

of Tenant's Initial Work, including any additional work (or any items thereof) until such time as

Tenant majys payment tc Landlord efuil past dan,' suiiu'g'iiil provides Landlord with

adequate assurance ome timely payment of all additional sums which may or shall be payable by

Tenant pursuant tc this Article, Any delay resulting from the discontinuance of Tenant’s Initial

Work and/or additional work (if any) pursuant to this Paragraph shall be deemed a delay caused

by Tenant.

(L) Notwithstanding the foregoing provisions of this Lease, in the event that Landlord

fails to deliver possession of the Demised Premises prior to December 31. 1999 (through no

Tenant delay as provided in Paragraph H or fault of Tenant to perform its obligations under this

Lease) and subject to force majeure. Tenant shall have the right to terminate this Lease within the

following ten (10) days by giving notice thereof to Landlord. Upon receipt of such notice by

Landlord, all liability between the parties hereto shall be extinguished. The foregoing right of

termination shall be Tenant’s exclusive remedy with respect to the failure to deliver possession.

ARTICLE 7

CERTIFICATE OF OCCUPANCY: COMPLIANCE WITH LAWS

Landlord agrees to deliver to the Department of Citywide Administrative Services a

Certificate of Occupancy or other sufficient indicia of legality for use of the premises for the

purposes set fonh in this Lease and same shall be a prerequisite to the official assumption of

4219.11116 .SEWLSE - 30 TOTAL P.13

NYC-WTC_000170191

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NYC-WTC_000170191Source: NYC Law Department, mirrored locally

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Draft lease agreement, August 1997 · Box 7DCAS

NYC-WTC_000170296

Draft lease agreement between the City of New York and 7 World Trade Company for 45,815 square feet at 7 World Trade Center.

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