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Draft lease agreement for 7 WTC premises, August 1997

Machine-extracted title · confidence 95%

Draft lease document between the City of New York and 7 World Trade Company, L.P. for space at 7 World Trade Center.

NYC-WTC_000170238–000170294

Folder label: “AGREEMENT OF LEASE

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NYC 9/11 Public Portal Document

but paid for by Tenant as additional rent or otherwise.

The intent of the parties is that Tenant shall pay its proportionate share of increases in

Base Year Operating Expenses (i.e. Operating Expense Escalations) based on the Building being

not less than ninety-five percent (95%) occupied. Accordingly, in determining the amount of

Base Year Operating Expenses , if less than ninety-five percent (95%) of the Building rentable

area shall have been occupied by tenant(s) at any time during any such Operating Expense Base

Year, Base Year Operating Expenses shall be increased by an amount equal to expenses which

would have been incurred in the Building under an operating clause such as this one had such

occupancy been ninety-five percent (95%) throughout such Operating Expense Base Year.

Landlord shall be required to disclose and notify Tenant of any significant related party

transactions the cost of which are included in the Base Year Operating Expenses. When such

transactions occur prices of same must be in line with normal industry practice in New York City.

Failure to notify Tenant of such related party transactions shall result in a disallowance of such

costs not in line with normal industry practice in New York City that would otherwise be part of

the Base Year Operating Expenses. If such related party transactions occurred and were disclosed

but it is found by the Tenant that the cost thereof was excessive, then such charges shall be

disallowed to the extent they exceed normal industry prices in New York City.

Within one-hundred twenty (120) days after the expiration of the Operating Expense

Base Year, Landlord shall furnish to Tenant a schedule of Operating Expenses for said Operating

Expense Base Year. Such schedule of Base Year Operating Expenses must be prepared in a

format no less detailed than that shown in Exhibit -^hereto.

Such schedule of Base Year Operating Expenses must include a statement signed by the

10

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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.

11 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.996

machine-extracted · confidence unavailable · Check page ↗
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.

9 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.993

machine-extracted · confidence unavailable · Check page ↗

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