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Document / 23 pages

Draft license agreement for 7 World Trade Center, July 1997

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A twenty-three-page draft license agreement between the City of New York and 7 World Trade Company for office space at 7 World Trade Center.

NYC-WTC_000171051–000171073

Folder label: “LICENSE AGREEMENT

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NYC 9/11 Public Portal Document

with Landlord's preparation of the Final Plans as defined and described in Article 5 below.

Licensor shall provide Licensee with a statement of all such costs together with

reasonably detailed back-up documentation within fifteen (15) business days after Licensee’s

giving of a termination notice, or if applicable, the expiration of the License. Such costs shall be

subject to audit by DCAS and/or its authorized representative and post-audit by the Comptroller

for the City of New York.

If, prior to the Expiration Date, Licensee shall terminate this License by reason of

Licensor's breach of the terms of this License and Licensee cannot thereby enter into a lease of the

Licensed Premises because of uncompleted Licensor's Work pursuant to Article 5 hereof, no

Licensor Work Cost shall be payable. If, prior to the Expiration Date, Licensor shall terminate

this License, except if due to a breach of the terms of this License by Licensee, no Licensor Work

Cost shall be payable from Licensee to Licensor. The Licensor’s Work Cost payment shall also

be waived in its entirety if Licensor and Licensee execute and deliver a lease of the Licensed

Premises during the term of this License pursuant to Article 3 of this License.

ARTTCLEZ

IJCENSE FEE

Subject to the following provisions of this Article and performance of Licensor’s

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 to time, by notice in the manner

provided herein.

-4-

NYC-WTC_000171057

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NYC-WTC_000171057Source: NYC Law Department, mirrored locally

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