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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

ARTTCT .E 20

ASSIGNMENT AND SUB1.R1 a

(A) Tenant, for itself, its heirs, distributees, executors, administrators, legal

representatives, successors and assigns, expressly covenants that it shall not assign, mortgage or

encumber this agreement, nor underlet, nor suffer, nor permit the Demised Premises or any part

thereof to be used or occupied by others, without the prior written consent of Landlord in each

instance. If this Lease be assigned, or if the Demised Premises or any part thereof be underlet or

occupied by anybody other than Tenant, Landlord may, after default by Tenant, collect rent from

the assignee, undertenant or occupant, and apply the net amount collected to the rent herein

reserved, but no assignment, underletting, occupancy or collection shall be deemed a waiver of

the provisions hereof, the acceptance of the assignee, undertenant or occupant as tenant, or a

release of Tenant from the further performance by Tenant of covenants on the part of Tenant

herein contained. The consent by Landlord to an assignment or underletting shall not in any wise

be construed to relieve Tenant from obtaining the express consent in writing of Landlord to any

further assignment or underletting. In no event shall any permitted sublessee assign or encumber

its sublease or further sublet all or any portion of its sublet space, or otherwise suffer or permit

the sublet space or any part thereof to be used or occupied by others, without Landlord's prior

written consent in each instance.

(B) If Tenant shall at any time or times during the Term desire to assign this Lease

or sublet all or part of the Demised Premises, Tenant shall give notice thereof to Landlord, which

notice shall be accompanied by (a) a conformed or photostatic copy of the proposed assignment or

sublease, the effective or commencement date of which shall be not less than thirty (30) nor more

59

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