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← Document results/7DCAS/Lease Between The City of New York Department of Citywide Administrative Services 1 Centre Street, 20th Floor North New York, New York 10007®& 7 World Trade Company, L.P.
Document / 106 pages
Revised draft lease, 7 World Trade Center, Aug 1997
Machine-extracted title · confidence 90%
Draft lease agreement between the City of New York and 7 World Trade Company for space at 7 WTC.
NYC-WTC_000170445–000170550
Folder label: “Lease Between The City of New York Department of Citywide Administrative Services 1 Centre Street, 20th Floor North New York, New York 10007®& 7 World Trade Company, L.P.”
NYC 9/11 Public Portal Document
give written notice thereof to the first party. The arbitrators so appointed, shall within
days. following the appointment of the second arbitrator appoint a third disinterested person
haxing ne less than 10 years relevant experience.
(b) In the event Tenant rejeets the Estimate or the Estimate is deemed rejeered,
Tenant shall within three (3) days after such rejeetion furnish Landlord with-neeessary revisions
of Tenant's Plans, so-as to enable Landtord to proeeed as though no such Additionat Work had
been requested. Should Tenant fail to submit such neeessary revisions of Tenant's Plans within
said three (3) day period, Landlord, in its sole diseretion, may either diseontinue the performanee
of Tenant's Initial Work and/or Additional Work, or proeeed or continue to complete Tenant's
Initial Work in aecordanec with Tenant's Plans already submitted, with such variations as in
Landlord's sote diseretion may be neeessary so as to climinate the Additional Work set forth on
Fenant's Plans, and-any delay resulting thercfrom shall be deemed a delay caused by Tenant. Said
arbitrators shall, as promptly as possible (but in any event within 30 days following the
appointment of the third arbitrator) determine the dispute by a majority of the arbitrators,
whose decision shall be binding and conclusive upon the parties hereto.Each party shall
bear its own fees and expenses of (i)its own attorneys and other experts and the arbitrator
that it selected and (ii)be responsible for one-half the fees and expenses of the third
arbitrator
The arbitrators shall have no power to vary or modify any of the provisions
of this Lease, and their powers and jurisdiction are limited accordingly.J
(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
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NYC-WTC_000170476
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NYC-WTC_000170476Source: NYC Law Department, mirrored locally