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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

connection with the obtaining, continuing or renewing of financing, a superior lessor or superior

mortgagee or a prospective superior lessor or prospective superior mortgagee shall request

reasonable modifications of this Lease as a condition of such financing. Tenant will not

unreasonably withhold its consent thereto, provided that such modifications do not materially and

adversely either increase the obligations of Tenant hereunder or affect the rights of Tenant under

this Lease.

(D) In the event of any act or omission of Landlord which would give Tenant the

right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to claim

a partial or total eviction. Tenant shall not exercise such right (i) until it has given written notice

of such act of omission to the holder of each superior mortgage and the lessor of each superior

Lease whose name and address shall previously have been furnished to Tenant in writing, and (ii)

unless such act or omission shall be one which is not capable of being remedied by Landlord or

such mortgage holder or lessor within a reasonable period of time, until a reasonable period for

remedying such act or omission shall have elapsed following the giving of such notice and

following the time when such holder or lessor shall have become entitled under such superior

mortgage or superior lease, as the case may be, to remedy the same (which reasonable period

shall in no event be less than the period to which Landlord would be entitled under this Lease or

otherwise, after similar notice, to effect such remedy), provided such holder or lessor shall with

due diligence give Tenant written notice of intention to, and commence and continue to remedy

(E) If the lessor of a superior lease or the holder of a superior mortgage shall

succeed to the rights of Landlord under this Lease, whether through possession or foreclosure

52

NYC-WTC_000170427

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NYC-WTC_000170427Source: NYC Law Department, mirrored locally

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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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