NYC 9/11 Public Portal Document
days-following-the-StrbstantiaLCompletion as certifted-by-DREST^wIthout interesf~T3tHe^i.se
interest shall be computed from the date of Substantial Completion until repayment in full of
Tenant's share of the Work Cost. Landlord must submit as-built drawings to DRPLS as a
precondition for initial payment. In the event this Lease is terminated pursuant to Article 3
hereof, Tenant shall reimburse the Landlord for the remaining portion of Tenant's share of the
Tenant’s Work Cost in one lump sum within ninety (90) days following the effective date of
t©j ifnation.] ~ __
J
The tost ofa!terations--and-improvemtmts shall be subject to audit by the Department \
of Citywide Administrative Services and/or its authorized representative. Such costs may, in the
discretion of the Comptroller of the City of New York, also be post-audited by the Comptroller.
(B).___ In the event Landlord (i)^ails to commence construction of the Work within
ten (10) business days after its receipt of Tenant's approval of the Tenant’s Work CosPe^imate
and/or pursue completion of same diligently and in continuous manner, and/or (ii) fails to meet
any applicable time frames under Subsection (A) above, then Tenant 'shall give Landlord written
notice (hereinafter referred to as “Delay Notice”) advising I.'andlord of its failure to so commence
and/or perform. If Landlord fails to commence the work or perform its obligations under
Subsection (A) above within ten (10) days from the date of said notice, Tenant, in addition to any
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other remedy it may have, at it's option may ; (i) as agent of the Landlord commence performance
of the work and deduct the odst thereof from the rent to become due and payable pursuant to
Article 2 hereof and/or Tenant’s share of Tenant’s Work Cost; or (ii) terminate this Lease on ten
(10) days written notice to Landlord. Tenant, however, shall not be required to exercise either of
the foregoing rights. If Tenant elects not to terminate the Lease, and regardless of whether or not
T‘^ant-proviftes writtenTJelay'Notice to Landlord,-or elects to perform thFWork as Landlordj's
NYC-WTC_000170273
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