10 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.999
machine-extracted · confidence unavailable · Check page ↗Document / 23 pages
Draft license agreement for 7 World Trade Center, July 1997
Machine-extracted title · confidence 95%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_000171051–000171073Folder label: “LICENSE AGREEMENT”
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OCR text
OCR status: ok · source: pdftotext
NYC 9/11 Public Portal Document
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
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 termination or expiration 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 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, covenants and conditions of the
proposed lease are satisfactory to Licensor in Licensor's sole, uncontrolled discretion.
ARTTCT^E 4
LICENSOR'S SU EREST IN PREMISES
Licensor warrants and represents that it is the owner in fee of the Licensed Premises and
is empowered and authorized to license said Licensed Premises.
ARTICT.E5
ALTERATIONS AND IMPROVEMENTS
Provided Licensee through its Division of Real Estate Services of DCAS (“DRES) has
-5-
NYC-WTC_000171058
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NYC-WTC_000171058Source: NYC Law Department, mirrored locally
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