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Document / 114 pages

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

jloyp tnWfmAn^ rntpnletion as certified hy Pltm. wiUiout intereati: rwise

interest shall be computed from the date of Substantial Completion un^ld^^ment in full of

Tenant's share of the Work Cost. Landlord must submitas«45uilt drawings to DRES as a . .'IL precondition for initial payment. In the evi Lease is terminated pursuant to Article 3

hereof, Tenant shall rei te Landlord for the remaining portion of Tenant's share of the

Tenant’s WojkrCost in one lump sum within ninety (90) days following the effective date of

The ^est-effdteratioiuumd^mprovments 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. 7

I) In the event Landlord (i) fails to commence construction of

ten (10) business days after its receipt of Tenant's approval of the Tenant’s Work Coi

and/or pursue completion of same diligently and in continuous manner, (ii) fails to meet

any applicable time frames under Subsection (A) above, then Tenapfshall give Landlord written

notice (hereinafter referred to as “Delay Notice”) advisi lord of its failure to so commence

and/or perform. If Landlord fails to commence thedvork or perform its obligations under

Subsection (A) above within ten (10) days/from the date of said notice, Tenant, in addition to any

Other remedy it may have, at it's optRm 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/oTTenant’s share of Tenant’s Work Cost; or (ii) terminate this Lease on tai

(10) days writtpn notice to Landlord. Tenant, however, shall not be required to exercise either of

the foregduig rights. If Tenant elects not to terminate the Lease, and regardless of whether or not

ivides written Delay Notice to Landluid, ui elects to peifuiin Uie Wuik as LaiMfiord|'s

NYC-WTC_000170331

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NYC-WTC_000170331Source: NYC Law Department, mirrored locally

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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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