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Document / 116 pages

Revised draft lease, 7 World Trade Center, July 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_000170577–000170692

Folder label: “AGREEMENT OF LEASE

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NYC 9/11 Public Portal Document

(a) Within five weeks after the beginning of any such Lease Year, Landlord

shall deliver to Tenant a statement (hereinafter the “ Estimate”) showing the estimated amount of

such Operating Expense Escalation payable for the then current Lease Year, which estimated

amount shall be calculated by using the previous Lease Year’s CPI factor according to 2. above.

Tenant shall pay Landlord the same sum, in equal monthly installments ( such monthly installment

hereinafter referred to as the “ Amount” ) in arrears on the last day of each and every month during

such Lease Year. Such Estimate shall be on account of the Operating Expense Escalation accruing

under this Subsection A.2, subparagraph 3 (b), below for the then current Lease Year.

(b) Within five (5) weeks after the end of the Lease Year, in which such

Amounts were payable under Subparagraph 3 (a) above, Landlord shall deliver to Tenant a

statement of the Operating Expense Escalation payable by Tenant for such Lease Year, computed in

accordance with 2. above. Such statement shall indicate the balance payable by Tenant after

crediting Tenant with the aggregate of the monthly Amount payments made under Subparagraph 3.

(a) above for such Lease Year. The amount of such balance shall be paid by Tenant to Landlord

within 45 days after delivery of such statement. If there is an overpayment by Tenant Landlord shall

refiind the overpayment to Tenant within 45 days after delivery of the aforesaid statement.

4. Landlord shall not be obliged to make any adjustments or recomputations.

retroactive or otherwise, by reason of any revision which may later be made in the figure of the

Price Index first published for any month. The Price Index published for any Lease Year shall, for

the purpose of this Subsection A.2., be deemed no lower than the Base Price Index.

5. If the Price index ceases to use the 1982 -84 average equaling 100 as the

basis of calculation, then the Price Index shall be appropriately adjusted to reflect the change in the

Price Index from that in effect at the date of this Lease. If such Price Index shall no longer be

14

NYC-WTC_000170594

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NYC-WTC_000170594Source: 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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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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