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License agreement between City and 7 WTC Company, July 1997

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Formal license agreement establishing terms for office space usage at 7 World Trade Center by the City of New York.

NYC-WTC_000166849–000166867

Folder label: “LICENSE AGREEMENT

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NYC 9/11 Public Portal Document

07/29/97 11:54 CARB LURIA LLP 12127880367 NO.554 POCA

for approval, all in connection with Landlord's preparation of the Final Plans as defined and ’T" described in Article S below.

concurrently therewith pytio Licensor (i) the/attornevs fees aiyd wpenses incurrei

Licensor in connection with this License and the oronosi

,11 pj ilus fii) inti lal rate of ten percent flQ%) 7 from d^ of pi ior of Licensor*s Work Cost and said attorneys fees and

Licensor shall provide Licensee with a statement of all such costs together with

reasonably detailed back-up documentation within fifteen (15) business days after Licensee’s

giving of a termination notice, or if applicable, the expiration of tlie License. Such costs shall be

subject to audit by DCAS and/or its authorized representative and post-audit by the Comptroller

for the Chy of New York.

If, prior to the Expiration Date, Licensee shall terminate this license by reason of

Licensor’s breach of the terms of this License and Licensee cannot thereby enter into a lease of the

Licensed Premises because of uncompleted Licensor's Work pursuant to Article 5 hereof, no

Licensor Work Cost shall be payable If, prior to the Expiration Date, Licensor shall terminate

this License, except if due to a breach of the terms of this License by Licensee, no Licensor Work

Cost shall be payable from Licensee to Licensor. The Licensor’s Work Cost payment shall also

be waived in its entirety if Licensor and Licensee execute and deliver a lease of the Licensed

Premises during the term of this License pursuant to Article 3 of (his License, subject to the

provisions of said lease

-5-

NYC-WTC_000166852

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NYC-WTC_000166852Source: NYC Law Department, mirrored locally

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8 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.969

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