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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

improvements, equipment, furniture, furnishings or other personal property, less, in the case of a

sale thereof, the then net unamortized or undepreciated cost thereof determined on the basis of

Tenant's federal income tax returns) after deducting Tenant’s Permitted Expenses (as hereinafter

defined); and

(b) in the case of a sublease, fifty (50%) percent of the Net Sublease Proceeds,

which shall mean any rents, additional charges or other consideration payable under the sublease

to Tenant by the subtenant which is in excess of the fixed rent and additional rent accruing during

the term of the sublease in respect of the subleased space (at the rate per square foot payable by

Tenant hereunder) pursuant to the terms hereof (including, but not limited to, sums paid for the

sale or rental of Tenant's fixtures, leasehold improvements, equipment, furniture or other

personal property, less, in the case of the sale thereof, the then net unamortized or undepreciated

cost thereof determined on the basis of Tenant's federal income tax returns) after deducting

therefrom Tenant’s Permitted Expenses. The sums payable under this Paragraph (F)(b) shall be

paid to Landlord as and when paid by the subtenant to Tenant.

feXO For purposes of this Paragraph F, “Tenant’s Permitted Expenses” shall

mean the aggregate of (1) brokerage commissions, reasonable legal fees and disbursements and

closing costs to third parties, reasonable advertising expenses, any amounts payable to Landlord

for reimbursement of costs incurred in connection with any proposed sublease or assignment, and

transfer and gains taxes incurred by Tenant to the extent actually paid, and (2) the costs, if any,

incurred by Tenant in recovering possession of the sublease space and in preparing the sublease

space for occupancy, including cash allowances in lieu thereof.

(G) If Tenant is a corporation, the provisions of Paragraph (a) shall apply to a

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NYC-WTC_000170367

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NYC-WTC_000170367Source: NYC Law Department, mirrored locally

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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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