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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 take any action in furtherance of or authorizing any of the foregoing; or if Tenant

shall call a meeting of, or propose any form of arrangement, composition, extension or

adjustment with, its creditors holding a majority in amount of Tenant's outstanding indebtedness;

or

(b) if any case, proceeding or other action shall be commenced or instituted

against Tenant, seeking to adjudicate Tenant a bankrupt or insolvent, or seeking an order for

relief against Tenant as debtor, or reorganization, arrangement, composition, adjustment.

winding-up, liquidation, dissolution or similar relief with respect to Tenant or its debts under any

present or future federal bankruptcy act or any other present or future applicable federal, state or

other statute or law (foreign or domestic), or seeking appointment of any trustee, receiver.

examiner, assignee, sequestrator, custodian or liquidator or similar official of Tenant or of all or

any part of Tenant's property, which either (i) results in the entry of an order for relief.

adjudication of bankruptcy or insolvency or such an appointment or the issuance or entry of any

other order having a similar effect or (ii) remains undismissed for a period of sixty (60) days;

if any case.proceedingor other action shall be commenced or instituted againstJTenSnt seeking

issuance of a warrant of executionT'attachment, distraint or siipilarj^cess against Tenant or any

of Tenant's property which results in eithi le entry of an order for any such relief which

shall not have been vacate±^discharged, or stayed or bonded pending appeal within sixty (60)

days after th^-enffy thereof or (y) the taking or occupancy of the Derhi&M Premises or an attempt

to take or occupy the Demised Premises; or

(c) if Tenant shall default in the payment when due of any installment of fixed

rent or in the payment when due of any additional rent, and any such default shall continue for a

72

NYC-WTC_000170432

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NYC-WTC_000170432Source: 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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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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