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Lease excerpt on non-payment and termination rights, undated

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Contract text detailing landlord remedies for non-payment and tenant rights to terminate the lease if possession is not delivered.

NYC-WTC_000170412–000170434

Folder label: “?Lease pages 30 - 74”

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event of such non-payment, Landlord may, without notice to Tenant, discontinue the performance

of Tenant's Initial Work and/or Additional Work, including any additional work (or any items

thereof) until such time as Tenant makes payment to Landlord of all such past due sums and

provides Landlord with adequate assurance of the timely payment of all additional sums which

may or shall be payable by Tenant pursuant to this Article. Any delay resulting from the

discontinuance of Tenant's Initial Work and/or Additional Work additional work (if any)

pursuant to this Paragraph shall be deemed a delay caused by Tenant.

— > (L is open for discussion) [Notwithstanding the foregoing provisions of this

Lease, in the event that Landlord fails to deliver possession of the Demised Premises prior to

(through no fault of Tenant to perform its obligations under this Lease) and

subject to force maieure. Tenant shall have the right to terminate this Lease within the

following ten (10) davs bv giving notice thereof to Landlord. Upon receipt of such notice bv

Landlord, all liability between the parties hereto shall be extinguished. The foregoing right

of termination shall be Tenant’s exclusive remedy with respect to the failure to deliver

possession.!

ARTICLE 7

CERTIFICATE OF OCCUPANCY: COMPLIANCE WITH LAWS

Landlord agrees to deliver to the Department of Citywide Administrative Services a

Certificate of Occupancy or other sufficient indicia of legality for use of the premises for the

purposes set forth in this Lease and same shall be a prerequisite to the official assumption of

occupancy by Tenant.

30

NYC-WTC_000170412

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NYC-WTC_000170412Source: NYC Law Department, mirrored locally

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