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
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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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