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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 PCI 10

ARTICLE2

Li832 SEFEE Subject to the following provisions of this Article and pinformance of Licensor’s

obligations under Article 5, Licensee shall pay a license fee of one dollar ($1.00) upon the

Expiration Date. The Ecense fee shall be payable at Licensor's address hereinbefore set forth or at

such other address as may be designated by licensor from time to time, by notice in the manner

provided heron

ARTICLE 3

OPTION TO LEASE

In consideration for entering into this License and agreeing to obey the covenants

herein, including payment of the license fee, Licensee is her^y granted, during the term of this

License, the irrevocable option of entering into a lease for the Liomsed Premises on terms

mutually satisfectory to the parties herein. This option shall be exercisable only by execution and

delivery of a Lease of the Licensed Premises between Licensor and Licensee during the term of

this License, and upon the termination or expiration of this License, this option, if such a lease of

the License Premises between Licensor and Licensee shall not ha\'e theretofore been executed and

delivered, shall also terminate simultaneously with the termination or expiration of tins License

Even if Licensee shall desire to lease the Licensed Premises, howwer. Licensor shall have no

obligation to execute a lease with Licensee unless all the terms, covenants and conditions of the

proposed lease are satisfactory to Licensor in Licensor's sole, uncontrolled discretion.

- 6-

NYC-WTC_000166853

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NYC-WTC_000166853Source: 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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