NYC 9/11 Public Portal Document
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.
ARTICLE 1
COMMENCEMENT; TERM; TERMiATION
This License shall commence as of the date this License is fully executed by Licensor
and Licensee (the “Execution Date”) and will continue until terminated by Licensor 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 (30) days written notice to the other at any time and for any
reason.
In the event Licensee terminates this License, then within sixty (60) days after the
effective date of Licensee’s termination notice Licensee shall pay to Licensor an amount (the
"Licensor Work Cost") equal to the cost approved and authorized by Licensee for the following:
(a) architect’s fees and/or engineering fees; (b) expeditor’s fees and filing and permit fees for the
submission of same to the appropriate governmental authorities for approval, all in connection
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
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NYC-WTC_000171084
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