NYC 9/11 Public Portal Document
the Commissioner of Investigation of the City of New York any solicitation of money, goods,
requests for future employment of other benefit or thing of value, by or on behalf of any employee
of the City or other person, firm, corporation or entity for any purpose which may be related to the
procurement or obtaining of this Lease by the Landlord, or affecting the performance of this Lease.
ARTICLE 25
SIGNIFICANT RELATED PARTY TRANSACTIONS
Landlord shall be required to disclose and notify Tenant of any transactions with
significant related parties, including subsidiaries and affiliates of Landlord, the costs of which are
charged to Tenant as rent, including, but not limited to. Base Year Operating Expenses (if CPI
formula is used) overtime HVAC, Tenant Repairs Common Area Electricity. Landlord shall
provide Tenant with written notice of such transactions upon submission of invoices for Rent or at
the end of the calendar year in which the transactions to be billed as Rent were performed by
significant related parties. When such transactions occur, prices of same must be in line with
normal industry practice in New York City. Upon 5 days notice to Landlord and Landlord’s
failure to notify Tenant of such related party transactions shall result in a disallowance of such costs
that would otherwise be billed as rent. If such related party transactions occurred and were
disclosed, but it is found by Tenant that the costs thereof exceed normal industry costs in an arms
length third party transaction in New York City, then such excessive charges shall be disallowed..
This Article excludes management fees included in Operating Expenses.
ARTICLE 26
ASBESTOS
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NYC-WTC_000170659
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