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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

any taking provided for in this Article without deduction therefrom for any estate vested in Tenant

by this Lease and Tenant shall receive no part of such award, except as hereinafter expressly

provided in this Article. Tenant hereby expressly assigns to Landlord all of its right, title and

interest in or to every such award. Notwithstanding anything herein to the contrary. Tenant may.

at its sole cost and expense, make an independent claim with the condenming authority for

Tenant's moving expenses, the value of Tenant's fixtures or Tenant's alterations which do not

become part of the Building or property of the Landlord, provided however that Landlord's award

is not thereby reduced or otherwise adversely affected.

ARTICLE 15

DESTRUCTION BY E OR OTHER CASIJAI.TY

(A) If the whole of the Demised Premises is totally destroyed or damaged by fire or

other casualty, or destroyed or damaged to such an extent that they are unsuitable or untenantable

for use for the purpose for which they are leased, then from the date of such damage or

destruction the rent shall cease until such time as Landlord fully repairs and restores the same to

suitable and tenantable condition (excluding Long Lead Work) and Tenant/DRES certifies in

writing that the entire Demised Premises have been reoccupied by Tenant, such Certification not

to be unreasonably withheld, delayed or conditioned.

Landlord may terminate this Lease -by notice to Tenant within thirty (30) days from the

date of such fire or other casualty,- provided Landlord terminates more than-SO%-of the remaining

leases in the Building. If no such notice is given. Landlord shall, subject to receipt of insurance

proceeds, within forty-five (45) days after such fire or other casualty, cemmcncc-and dthgendy

48

NYC-WTC_000170351

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NYC-WTC_000170351Source: NYC Law Department, mirrored locally

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