NYC 9/11 Public Portal Document
the finiidingsrFtre'Departmcnt Port Aiithoritvland other regulatory agencies Utmy) which
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require said submission in the timeframes set forth in the Request for Proposals (“RFP)*
Within tenVl^ business days aft.;er DRES's approval oftheginalPlaiir, Licensor
shall submit to DRES BrnWing-Dcpartment Port Authprity mlnuuistrative approvals with respect
to Final Plans as well as a copy of the work permit (or alternative document issued bv the Port
Ajilhopty)
Licensor hereby warrants and represents that it has the financial capability and/or
adequate financing to complete the Final Plans in the time frames set forth herein. Licensor's
misrepresentation with regard to its ability to provide or obtain adequate financing shall constitute
a basis for termination of this License on five (S) days written notice.
In the event Licensor fails to commence and/or fails to meet any applicable time
fi^ames. provided that Licensee is not responsible for Liceasor'’s failure to romniv with such
time frames, then Licensee shall give Licensor written notice (ho-einafter referred to as “Delay
Notice'*) advising Licensor of its failure to so commence and/or perform. If Licensor falls to
commence or perform its obligations above within five (S) days fi-om the date of said Delay
Notice, subject to force maieure. Licensee, in addition to any other remedy It may have, may, at
it's option terminate this License on ten (10) business days written notice to Licensor without
liability for the repayment of the Licensor Work Cost as defined in Article 1. snbiect to
Licensor’s right to
the DolaV A
article^
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NYC-WTC_000166870
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