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Draft lease agreement, August 1997

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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.

NYC-WTC_000170296–000170409

Folder label: “AGREEMENT OF LEASE

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NYC 9/11 Public Portal Document

1, 1998, where the total annual Real Estate Taxes imposed or assessed upon the land and Building

for such lease year is greater than the Tax base for the New York City fiscal year 1997/1998

(hereinafter referred to as the "Real Estate Tax Base Year"), Tenant shall pay to Landlord as

additional rent, a sum equal to two point three seven percent (2.37%) of such increase, which

represents Tenant's proportionate share of such increase. The amount of such additional rent

payable for any lease year having a duration of less than twelve (12) months shall be prorated.

The Tax base for the Real Estate Tax Base Year shall be the annual Real Estate Taxes

finally imposed or assessed on the Land and Building for the Real Estate Tax Base Year.

Appropriate credit shall be given for any refund obtained by reason of a reduction in the

assessed valuation made by the assessors or the courts at any time during this Lease or at any time

thereafter taking into account Landlord's costs in obtaining any such reduction. The original

computations, as well as payments of additional rent, if any, under the provisions of this Article,

shall be based on the original assessed valuation with adjustments to be made if and when the Tax

refund, if any, has been paid to Landlord.

If the assessment of the land and Building shall be reduced for the Real Estate Tax Base

Year as a result of protests of proceedings filed therefor, then the Tax base shall be amended to

the amount actually collectible by the City of New York for the base fiscal tax year on the

corrected assessment. Landlord shall use reasonable efforts to notify Tenant in writing each time

a tax assessment is challenged. This paragraph shall also apply to the Base Pilot Square Foot

Factor.

1. The term "Pilot " shall mean (i) such payments as the Port Authority has agreed

to pay the City of New York under an agreement dated 1967 as it may have been or may be

16

NYC-WTC_000170314

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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.

14 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.995

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