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LICENSE AGREEMENT

Label derived from the City's folder field. The City does not supply document titles.NYC-WTC_000171079–000171100
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NYC 9/11 Public Portal Document

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.

ARTICLE!

TTCENSE 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.

ARTICLE 3

OPTION TO I.EASE

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

-4-

NYC-WTC_000171085

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NYC-WTC_000171085Source: NYC Law Department, mirrored locally

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