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Document / 114 pages

Draft lease agreement, August 1997

Machine-extracted title · confidence 95%

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

Toiaiit shall promptly meet with Landlord to resolve the overage. Payment by Tenant of such ’ . 1 exeess-eost cost in excess of Landlord’s Maximnm ContrlhrtUn shall be made within 45 days after Substantial Comnletiok. Anv payment bVTMiant after saffl 45 davs shall he mydA ■ --------------- 'I ■■■■ -- -'■-••■■-J - - ...........

together with interest of at 2 points over the Base Rate from date of Substantial Completion to

date of pavmcnhfs) of navmart. Said payment by T< ted value I i^jyiaskMi shall be paid nromotlv bv Tenant after comnletion bv

Landlord.

> (J is open for discussion) Ai^ dispute regarding the determination of

Substantial Completion of Tenant’s Initial Work and/or the Commence shall be

resolved by arbitration, in the manner by the rules and before die American Arbitration

Association (or any successor organization) in New York County. The party desiring arbitration

shall appoint as arbitrator on its behalf, a person having at least 10 years relevant experience and

give notice written notice to the other party who shall, widim 15 days thereafter, a second person

having at least 10 years relevant experience and give written notice thereof to die first party. The

arbitrators so appointed, shall within—IS days following die appointment of the second

arbitrator appoint a third disinterested person having no less than 10 years relevant experience.

Said arbitrators shall, as promptly as possible (but in any event within 30 days

following the appointment of the third arbitrator) determine die diqiute by a majority of the

arbitrators, whose decision shall be binding and allusive upon the parties hereto. Each party i i shall bear its own fees and expenses of (i) its own attorneys and other experts and die arbitrator

that it selected and (ii) be responsible for one-half the fees and expenses of die third arbitrator.

The arbitrators shall have no power to vary w modify any of the provisions of

27 I

NYC-WTC_000170325

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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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