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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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NYC 9/11 Public Portal Document

Tenant shall make such ordinary and nonstructural interior repairs as necessary for its

occupancy or request Landlord, at Tenant’s expense to perform such repairs..

ARTICLE 14

CONDEMNATION

If the whole of the Demised Premises shall be taken in condemnation, this Lease shall

terminate upon the vesting of title in the condemnor and all rent and other charges paid or payable

by Tenant shall be apportioned as of the date of vesting of title in such condemnation proceeding.

If less than all but more than(50% of the useable area of the Demised Premises shall be

so taken in condemnation, then Tenant may either terminate this Lease as to the remainder of the

premises on ten (10) days written notice to Landlord or remain in possession of the remaining

portion of the premises under all of the terms, conditions and covenants of this Lease, except that

the rent thereafter shall be apportioned and reduced from the date of each such partial taking to

the amount equal to the product of the dollar amount of rent payable on such date and the number

of square feet in the part remaining. The proceeds of any award for partial taking shall be applied

by Landlord to the repair, restoration or replacement of the remaining premises, and if there be

any deficiency, it shall be made up by Landlord, but if there be any surplus, it shall belong to the

Landlord. Said repairs, restoration or replacement of the remaining premises shall be completed

within nine (9) months of the aforesaid taking in condemnation, pursuant to plans and

specifications approved by the Department of (Agency-) Tenant. In the event said repairs,

restoration or replacement are not completed within said njpe-^) month period. Tenant, in

addition to any other remedy it may have, may terminate this Lease or perform said repairs,

restoration and replacement and deduct the cost thereof from any rent which may be due and

45

NYC-WTC_000170422

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NYC-WTC_000170422Source: NYC Law Department, mirrored locally

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Draft lease agreement, August 1997 · Box 7DCAS

NYC-WTC_000170296

Draft lease agreement between the City of New York and 7 World Trade Company for 45,815 square feet at 7 World Trade Center.

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machine-extracted · confidence unavailable · Check page ↗
Lease Agreement for 7 WTC, Mar 1998 · Box 7DCAS

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.

4 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.987

machine-extracted · confidence unavailable · Check page ↗

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