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Lease excerpt on non-payment and termination rights, undated

Machine-extracted title · confidence 95%

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

payable under this Lease.

Landlord shall be entitled to receive the entire award in any proceeding with respect to

any taking provided for in this Article without deduction therefrom for any estate vested in Tenant

by this Lease and Tenant shall receive no part of such award, except as hereinafter expressly

provided in this Article. Tenant hereby expressly assigns to Landlord all of its right, title and

interest in or to every such award. Notwithstanding anything herein to the contrary. Tenant may.

at its sole cost and expense, make an independent claim with the condemning authority for

Tenant's moving expenses, the value of Tenant's fixmres or Tenant's alterations which do not

become part of the Building or property of the Landlord, provided however that Landlord's award

is not thereby reduced or otherwise adversely affected.

ARTICLE 15

DESTRUCTION BY FIRE OR OTHER CASUALTY

If the whole of the Demised Premises is totally destroyed or damaged by fire or other

casualty, or destroyed or damaged to such an extent that they are unsuitable or untenantable for

use for the purpose for which they are leased, then from the date of such damage or destruction

the rent shall cease until such time as Landlord fully repairs and restores the same to suitable and

tenantable condition and4IRA/€>ecupvfflg Agencv/DREStexcludimHYon ^rk) and

Tenant/DRES certifies in writing that the entire Demised Premises have been reoccupied by

Tenant, such Certification not to be unreasonably withheld-or^ delayed or conditioned.

Landlord rnay terminate this Lease by notice to Tenant within thirty (30) days froirtthe

date of such fire or other casualty; pro^'^e^ nf the remajnmg

''1

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NYC-WTC_OO0170423

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NYC-WTC_000170423Source: NYC Law Department, mirrored locally

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NYC-WTC_000170296

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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.

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