Legal document excerpt defining license commencement, term duration, and termination conditions for a City property agreement dated December 15, 1997.
NYC-WTC_000171075–000171077Folder label: “Article 1®Commencement: Term: Termination”
OCR status: ok · source: pdftotext
NYC 9/11 Public Portal Document
NYC LPl« DEPT 212 788 0366 P.02/04 DEC-15-1S97 14:15
oppose or object to the manner of service of the notice of petition or petition if given to Licensee
in the same manner as notices are permitted to be given to Licensee under this Licensee, (4.) not to
interpose any answer, defense, objection or counterclaim therein, (5) not to make any motion
therein, (6) to consent to entry of final judgement of possession in favor of Licensor. (7t to
comply fully with said judgement and x acaie the Licensed Premises and not to appeal from or
oppose the same, and (8) to consent to the issuance of a warrant of eviction against Licensee, to
comply fully therewith and not to appeal from or oppose the same.
ARTICl.F. 1
COMMENCEMENT; TERM: TERMINATION
'I bis License shall commence as of the date this License is fully executed by Licensor
and Licensee (the “Commencement Date") and will continue until terminated by Licenttor or
Licensee as hereinafter provided. During the term of this License, Licensor agrees not to execute a
lease of the Licensed Premises with any party other than Licensee.
Subject to the provisions of this License to the contrary, either Licensor or Licensee
may terminate this License on thirty (50) days written notice to the other at any time and for any
reason {the thirtieth (30th) day following delivery of said notice being hereinafter called the
“Expiration Date*').
In the event (i) Licensee terminates this License, subject to the last sentence of this
Article or (ii) Licensee shall fail to execute and deliver a lease of the Licensed Premi.ses on or prior
to February 15. 1998 and Licensor wmtinates this Licen.se, then within si.xty (60) days after the
E,\piraiion Date. Licensee shall pay to Licensor a portion ("Licensee's Share") of the cost
3 A:\7WTI,1C6 .WFO
NYC-WTC_000171075
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