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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-31-1957 14:35 NYC LAW DEPT 212 738 0366 P.09/13

portion of Tenant's Initial Work shall not be Substantially Completed (as hereinafter defined) on

or prior to the Target Date not due to a Tenant delay (as set forth in this Article) or fault of

Tenant to perform its obligations under this Lease, and (b) Tenant shall not have taken possession

of any portion of the Demised Premises, then, the Rent Commencement Date shall be adjourned

one (1) day for each one (1) day after the Target Date that the general office ponion of Tenant's

^^enam shall be permitted to enter into the Demised Premises for installation of

its machinery, furniture, equipment and ftxaires and performance of its work, all as permitted by

this Lease prior to the Commencement Date at its sole risk, provided that such entry and work do

not interfere in any way with Landlord's performance of the work to be done by Landlord, At

any time during such period of prior entry, if Landlord notifies Tenant that Tenant's entry or

work is interfering with or delaying Landlord’s performance of Tenant's Initial Work, Tenant

shall forthwith discontinue any further work and shall remove from the Demised Premises and

shall cause its workmen or contractors to remove therefrom, any equipment, materials or

installations which are the subject of Landlord's notice

(G) Subject to ths provisions of this Article 6 and Article 11, all work performed by

Landlord, including the Building air conditioning installation, shall, upon installation, become

Landlord's property and shall be surrendered at the expiration or sooner termination of the Term

of this lease, in good condition, reasonable wear and tear excepted.

(li) (a) For the purposes of this Article, Tenant's Initial Work of the general office

portion of the Demised Premises shall be deemed to be Substantially Completed when (i) all work

is completed excepting minor details of construction or decoration which do not materially

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NYC-WTC_000170187

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NYC-WTC_000170187Source: NYC Law Department, mirrored locally

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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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