NYC 9/11 Public Portal Document
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Licensed Premises because of uncompleted Licensor's Work pursuant to Article 5 hereof through no
fault or neglect of Licensee, no Licensor Work Cost shall be payable by Licensee. Except as
provided in the third and fourth paragraphs of this Article 1. if, print to the Expiration Date, Licensor
shall terminate this License, except if due to a breach of the tsnns of this License by Licensee, no
Licensor Work Cost shall be payable from Licensee to Licensor. Subject to the provisions of said
lease, the Licensor’s Work Cost payment under this License shall also be W'aived in its entirety if
Licensor and Licensee execute and deliver a lease of the Licensed Premise.^ during the term of this
License pursuant to Article 3 of this License to be applied towards “Landlord's Maximum
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Contribution” under said lease.
ARTICLE 2
T.irrNST: fee
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Subject to the following provisions of this Article and performance of Licensor’s
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obligations under Article 5, Licensee shall pay a license fee of one dollar ($1.00) upon the Expiration
Date. The license fee shall be payable at Licensor's address hereinbefore set forth or at such other
address as may be designated by Licensor from time tn time, by notice in the manner provided
herein.
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 hereby granted, during the term of this
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