NYC 9/11 Public Portal Document
theretofore paid shall be credited against the next monthly installment of Base Rent.
All bills sent by Landlord to Tenant shall have clearly reflected thereon the property.
address, and block and lot for which the bill is being sent. All bills must be legible and must
contain the address to which the payment should be sent. The name, address, and telephone
number of the Landlord’s contact person for billing inquiries must be provided to Tenant in the
manner designated in Article 21 hereof. The parties acknowledge that Pilot (hereinafter defined)
payable by Landlord to the Port Authority constitutes a component of Base Rent.
ARTICLE 3
OPTION TO TERMINATE
The Tenant shall have the right to terminate this Lease, in whole, without any penalty or
liability to Tenant, except as provided in this Article, effective as of the end of the 2nd Rental
Period, or at any time thereafter, upon eighteen (18) months prior written notice to the Landlord
(the “Termination Notice”), in which event, this Lease shall terminate at the end of the 2nd
Rental Period (or later date contained in the Termination Notice) as if such date were the
Expiration Date, provided that (i) the Expiration Date shall fall on the last day of a calendar
month and (ii) within ninety (90) one hundred eighty (180) days after the delivery of Tenant’s
Termination Notice under this Article 3, Tenant shall pay to Landlord an amount equal to the
unamortized portion of the brokerage commission (as of the Expiration Date in the Termination
Notice) paid by Landlord to the Broker (as defined in Article 29). Landlord shall provide Tenant
with a statement of such commission within 45 22 days following receipt of the Termination
Notice. Time shall be of the essence with respect to the giving of such notice and payment by
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NYC-WTC_000170197
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