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Lease excerpt on layout and finish provisions, undated

Machine-extracted title · confidence 95%

Contract text detailing requirements for final plans, architect selection, and construction costs for the 7 World Trade Center lease.

NYC-WTC_000170436–000170443

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NYC 9/11 Public Portal Document

this Lease, and their powers and jurisdiction are limited accordingly. The decision of the

arbitrators shall be binding upon the parties, and mav be entered as a i niNiiT

having jurisdiction thereover.^

(K) If Tenant shall fail to make timely payment of any sums payable to Landlord

pursuant this Article, then, in addition to all other rights and remedies afforded Landlord in the

event of such non-payment. Landlord may, without notice to Tenant, discontinue the performance

of Tenant's Initial Work, including any additional work (or any items thereof) until such time as

Tenant makes payment to Landlord of all such past due sums and provides Landlord with

adequate assurance of the timely payment of all additional sums which may or shall be payable by

Tenant pursuant to this Article. Any delay resulting from the discontinuance of Tenant's Initial

Work and/or additional work (if any) pursuant to this Paragraph shall be deemed a delay caused

by Tenant.

(L) Notwithstanding the foregoing provisions of this Lease, in the event that Landlord

fails to deliver possession of the Demised Premises prior to December 31, 1999

j^ough no Tenant delay as provided in Paragraph H or fault of Tenant to perform its

obligations under this Lease) and subject to force majeure. Tenant shall have the right to

terminate this Lease within the following ten (10) days by giving notice thereof to Landlord.

Upon receipt of such notice by Landlord, all liability between the parties hereto shall be

extinguished. The foregoing right of termination shall be Tenant’s exclusive remedy with respect

to the failure to deliver possession.

28

NYC-WTC_000170443

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NYC-WTC_000170443Source: NYC Law Department, mirrored locally

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Draft lease agreement, August 1997 · Box 7DCAS

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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