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Document / 24 pages

License agreement draft, 7 World Trade Center, July 1997

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Draft license agreement between the City of New York and 7 World Trade Company for space at 7 WTC.

NYC-WTC_000170553–000170576

Folder label: “LICENSE AGREEMENT

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NYC 9/11 Public Portal Document

. 07/25/97 17:04 CARS LURIA LLP 2126692030 NO.505 P010

AB] ml U£E!SS£J Subject to the following provisions ofthis Article and performance of Licensor’s obligations under Article S, 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 to time, by notice in the manner

provided herein.

ARTICLE3

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

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 Prenuses between Licensor and Licensee during the term of

this License, and upon the termination or expiration of this License, this option, if such a lease of

the License Premises between Licensor and Licensee shah not have theretofore been executed and

delivered, shah also terminate simultaneously with the termination or expiration 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. c<3venants and conditions of the

proposed lease are satis&ctory to Licensor in Licensor's sole, uncontrolled discretion.

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NYC-WTC_000170560

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NYC-WTC_000170560Source: NYC Law Department, mirrored locally

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