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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_000169396
OCR text

OCR status: ok · source: pdftotext

NYC 9/11 Public Portal Document 1.

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

mutually satisfactory 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 Expiration Date (or sooner termination) of this License, this option, if

such a lease of the License Premises between Licensor and Licensee shall not have theretofore

been executed and delivered, shall also terminate simultaneously upon the Expiration Date (or

sooner termination) of this License. Even if Licensee shall desire to lease the Licensed Premises,

however. 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.

ARTICLE 4

LICENSOR’S INTEREST IN PREMISES

Licensor warrants and represents that it is the leasehold owner of the Licensed

Premises and is empowered and authorized to license said Licensed Premises.

ARTICLE 5

ALTERATIONS AND IMPROVEMENTS

Licensee through its Division of Real Estate Services of DCAS (“DRES”) has

approved Licensor’s architect (the “Architect”) and the proposed cost of its services hereunder.

Licensor shall cause its Architect to prepare architectural and engineering plans and specifications

(the "Final Plans") for leasing of the Licensed Premises to Licensee. The Final Plans must be (i)

6 A:\7WTLIC6.WPD

I' NYC-WTC_000169396

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NYC-WTC_000169396Source: NYC Law Department, mirrored locally

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