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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

(g) if Tenant shall default in the performance of any term, covenant, agreement

or condition on Tenant's part to be observed or performed under any other Lease with Landlord

of space in the Building and such default shall continue beyond the grace period, if any, set forth

in such other lease for the remedying of such default, then in any of said events Landlord may

give to Tenant notice of intention to terminate this Lease and to end the Term and the estate

hereby granted at the expiration of three--(3t^ays from the date of the giving of such notice, and, t--

in the event such notice is given, this Lease and the Term and estate hereby granted (whether or 14 not the Term shall have commenced) shall terminate upon the expiration of said three (34-days

with the same effect as if that day were the Expiration Date, but Tenant shall remain liable as

provided in Article 32.

(B) Nothing in Paragraph (A) shall be deemed to require Landlord to give the notices

therein provided for prior to the commencement of a summary proceeding for non-payment of

rent or a plenary action for the recovery of rent on account of any default in the payment of the

same, it being intended that such notices are for the sole purpose of creating a conditional

limitation hereunder pursuant to which this Lease shall terminate and if Tenant thereafter remains

in possession or occupancy, it shall become a holdover tenant.

(C) If the Demised Premises shall at any time be or become vacant, deserted or

abandoned or if Tenant shall be in default beyond any applicable grace period provided in

Paragraph (A), then, in any such event. Landlord may without notice refuse to provide overtime

services unless Tenant has made arrangements for advance payment acceptable to Landlord.

(D) If, at any time (a) Tenant shall be comprised of two or more persons, or (b) there

is a guarantor of any of Tenant's obligations under this Lease, or (c) Tenant's interest in this

74

NYC-WTC_000170434

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NYC-WTC_000170434Source: NYC Law Department, mirrored locally

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