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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 14:34 NYC LAW DEPT 212 788 0366 P.08/13

business days after written request requested therefor by Landlord, except in such unusual case

where more than three (3) business days shall be reasonably neccssarv due to the nature of .such

request but. Tenant shall promptly commence and diligently proceed to U the same to

Landlord/

(D) Except as provided in this Article, Landlord shall not be required to spend any

money or to do any work to prepare the Demised Premises for Tenant’s occupancy-JBw-

of TLiUlTr..~IiiTrljl Titrrk icpmcntc thr limit i

cwnectiop "vifh the prepararion of tfifg d-PTdfCl9CS and except as so provided, Tenant shall

take the Demised Premises "as-is". Any other improvements, alterations or additions shall be

performed by Tenant, but subject to all of the terms, conditions and covenants of this Lease.

(E) Landlord makes no representation of the date on which it will Substantially

Complete (hereinafter defined) Tenant's Initial Work, and Landlord shall be under no penalty or

liability to Tenant whatsoever by reason of any delay in such performance and this Lease shall not

be affected thereby, except as set forth in the last sentence of this Paragraph (E) and Paragraph ------------ (L). In no event shall the Expiration Date be postponed beyolS^nuary 31, 201^ Landlord

agrees that it will use reasonable efforts to obtain contracts for the performance of the work

required to be performed by it and to arrange to have all such work commenced without delay and

prosecuted without unnecessary interruption until completion. Notwithstanding the preceding,

Landlord shall use its l^st effqpis(a^^ddiiional expense) to Substantially Complete the genera!

office portion of Tenant’s Initial Work within three (3) months after fall cxccLWft-and

wifronditionel-dcliveF^ of this Lea.se by Landlord and Tenant approval of the bids of all trade.s

necessary for Substantial Completion (the "Target Date"). In the event (a) the general office

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NYC-WTC_000170186

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NYC-WTC_000170186Source: NYC Law Department, mirrored locally

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