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Document / 30 pages

License agreement between City and 7 WTC Company

Machine-extracted title · confidence 90%

A 30-page license agreement dated March 25, 1998, for the Mayor's Office of Emergency Management to occupy the 23rd floor at 7 World Trade Center.

NYC-WTC_000169388–000169417

Folder label: “LICENSE AGREEMENT

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Scanned page image, NYC-WTC_000169398
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NYC 9/11 Public Portal Document I.

Final Plans is on or prior to December 31,1997. 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 (5) days written notice.

In the event Licensor fails to commence and/or fails to meet any applicable time

frames, provided that Licensee is not responsible for Licensor’s failure to comply with such time

frames, then Licensee shall give Licensor written notice (hereinafter referred to as “Delay Notice”)

advising Licensor of its failure to so commence and/or perform. If Licensor fails to commence or

perform its obligations above within five (5) business days from the receipt of said Delay Notice,

subject to force majeure. Licensee shall give Licensor a second written notice (the “Final Delay

Notice”). If Licensor fails to commence or perform its obligations above within five (5) days from

receipt of the Final Delay Notice, subject to force majeure. 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, subject to Licensor’s right to dispute the Delay Notice.

ARTICLE 6

INTENTIONALLY OMITTED

ARTICLE 7

EXCULPATORY

Licensee agrees that the liability of Licensor under this License and all matters

pertaining to or arising out of the Licensed Premises, shall be limited to Licensor’s interest in the

8 A:\7WTLIC6.WPD

I' NYC-WTC_000169398

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NYC-WTC_000169398Source: NYC Law Department, mirrored locally

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