NYC 9/11 Public Portal Document
. 07/25/97 17:04 CARB LURIA LLP •> 2126692030 NO.505 P012
the Buildings, Fue Departmeirt Port Authority and other regulatory agencies Utim) which
require said submission in the timeframes set forth in the Request for Proposals (“RFPX
Within tenf-hO) business days after DRES's approval of the Final Plans, Licensor
shall submit to DRES Building Department Port Authority administrative approvals with respect
to Final Plans as well as a copy of the work permit for alternative document issued bv the Port
AathQPty)
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 tins License on five (S) 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 (hei-einafter 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 (S) days from 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 l.snbiectto
Ticeuigoris right to disnnte
thePftlaY Wfttjce
ar; LE6
ALLY jUiJUtiaLij:
-8-
NYC-WTC_000170562
OCR can misread numbers and units. Confirm readings against the page image before using them.