NYC 9/11 Public Portal Document
Asst. Comm, for Leasing and Space Design
March 4, 1999
Page 2
6. Promptly after execution of this letter agreement Landlord and Tenant shall
cooperate to prepare a “punch-list” of unfinished work, which punch list items, undisputed by
Landlord, will be diligently completed by Landlord. Tenant shall, within 45 days after
substantial completion of said punch-list items, pay to the Landlord the then balance of the
Excess Work Cost except that Tenant may withhold the sum of $400,000 from payment of the
Excess Work Cost due from Tenant until the date Landlord has delivered The Port Authority
sign-offs to Tenant, at which time Tenant shall pay to Landlord said sum of $400,000 together
with the then balance of the Excess Work Cost. Tenant acknowledges that The Port Authority
sign-offs may not occur for approximately six to twelve months.
7. The certified air balancing report approved by Landlord’s engineer as being in
conformance with the Final Plans is delivered to Tenant on date hereof.
8. Nothing contained herein shall be deemed to relieve Tenant from its responsibility
for further payments of the Excess Work Cost incurred by Tenant pursuant to terms of the
Lease.
Your signature below shall constitute your agreement to the above.
Very truly yours,
7 WORLD TRADE COMPANY, L.P.
By: Silverstein Properties, Inc., Agent
By:
Catherine T. Ghiberti ■. ‘
Senior Vice President
AGREED:
THE CITY OF NEW YORK
By:__________________________
Deputy Commissioner
Dept, of Citywide Administrative Services
H;\DATA\CR\LI^C\4219M016\ASSTCOM2.LTR
NYC-WTC_000171794
OCR can misread numbers and units. Confirm readings against the page image before using them.