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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

permits from or through the City or otherwise transacts business with the City.

1.6(d) The term "member" as used herein shall be defined as any person

associated with another person or entity as a partner, director, officer, principal or employee.

1.7 In addition to and notwithstanding any other provision of this Agreement, the

Commissioner or agency head may in his or her sole discretion terminate this Agreement upon

not less than three (3) days written notice in the event contractor fails to promptly report in

writing to the Commissioner of Investigation of the City of New York any solicitation of money,

goods, requests for future employment of other benefit or thing of value, by or on behalf of any

employee of the City or other person, firm, corporation or entity for any purpose which may be

related to the procurement or obtaining of this Lease by the Landlord, or affecting the

performance of this Lease.

ARTICLE 25

SIGNIFICANT RELATED PARTY TRANSACTIONS

Landlord shall be required to disclose and notify Tenant of any transactions with

significant related parties, including subsidiaries and affiliates of Landlord, the costs of which are Q'C' charged to Tenant as rent including, but not limited to. Base Year Operating Expenses (if CPI

formula is used) overtime HVAC^ and Tenant Repairs Common Area Electricity repairs.

Landlord shall provide Tenant with written notice of such transactions upon submission of

invoices for Rent or at the end of the calendar year in which the transactions to be billed as Rent

were performed by significant related parties. When such transactions occur, prices of same must

be in line with normal industry practice in New York City. Upon 5 days notice to Landlord and

Landlord’s failure to notify Tenant of such related party transactions shall result in a disallowance

68

NYC-WTC_000170429

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NYC-WTC_000170429Source: NYC Law Department, mirrored locally

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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.

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