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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

replacements and extensions of such leases and such mortgages and spreaders and consolidations

of such mortgages. This Section shall be self-operative and no further instrument of

subordination shall be required. In confirmation of such subordination, Tenant shall promptly

execute and deliver any instrument that Landlord, the lessor of any such lease or the holder of any

such mortgage or any of their respective successors in interest may request to evidence

subordination. The leases to which this Lease is, at the time referred to, subject and subordinate

pursuant to this Article are hereinafter sometimes referred to as "superior leases" and the

mortgages to which this Lease is, at the time referred to, subject and subordinate are hereinafter

sometimes referred to as "superior mortgages" and the lessor of a superior lease or its successor

in interest at the time referred to is sometimes hereinafter referred to as a "lessor". If, in

connection with the obtaining, continuing or renewing of financing, a superior lessor or superior

mortgagee or a prospective superior lessor or prospective superior mortgagee shall request

reasonable modifications of this Lease as a condition of such financing. Tenant will not

unreasonably withhold its consent thereto, provided that such modifications do not materially and

adversely either increase the obligations of Tenant hereunder or affect the rights of Tenant under

this Lease.

(D) In the event of any act or omission of Landlord which would give Tenant the

right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to claim

a partial or total eviction. Tenant shall not exercise such right (i) until it has given written notice

of such act of omission to the holder of each superior mortgage and the lessor of each superior

Lease whose name and address shall previously have been furnished to Tenant in writing, and (ii)

unless such act or omission shall be one which is not capable of being remedied by Landlord or

56

NYC-WTC_000170359

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NYC-WTC_000170359Source: NYC Law Department, mirrored locally

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