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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

rents to be determined by first deducting from the gross rents as and when received by Landlord

from such reletting the expenses incurred or paid by Landlord in terminating this Lease or in

re-entering the Demised Premises and in securing possession thereof, as well as the expenses of

reletting, including altering and preparing the Demised Premises for new tenants, brokers'

commissions, and all other expenses properly chargeable against the Demised Premises and the

rental therefrom; it being understood that any such reletting may be for a period shorter or longer

than the remaining term of this Lease; but in no event shall Tenant be entitled to receive any

excess of such net rents over the sums payable by Tenant to Landlord hereunder, nor shall Tenant

be entitled in any suit for the collection of damages pursuant to this Subsection to a credit in

respect of any net rents from a reletting, except to the extent that such net rents are actually

received by Landlord. If the Demised Premises or any part thereof should be relet in combination

with other space, then proper apportionment on a square foot basis (for equivalent space) shall be

made of the rent received from such reletting and of the expenses of reletting. If the Demised

Premises or any part thereof be relet by Landlord for the unexpired portion of the term of this

Lease, or any part thereof, before presentation of proof of such damages to any court,

commission or tribunal, the amount of rent reserved upon such reletting shall, prima facie, be the

fair and reasonable rental value for the Demised Premises, or part thereof, so relet during the

term of the reletting.

(B) Suit or suits for the recovery of such damages, or any installments thereof, may

be brought by Landlord from time to time at its election, and nothing contained herein shall be

deemed to require Landlord to postpone suit until the date when the term of this Lease would

have expired if it had not been so terminated under the provisions of Article 30, or under any

83

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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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