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LICENSE AGREEMENT

Label derived from the City's folder field. The City does not supply document titles.NYC-WTC_000171104–000171112
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NYC 9/11 Public Portal Document

same to the appropriate governmental auihoriiiea, including, without limitation, the Port

Authority of New York and New Jersey (the “Port Authority”) for approval, all in connection

with Laiidloid’s pi epaintiun of die Final Plans as defined and dcatciibed in A tide 5 below.

Licensee’s Share of Licensor’s Work Cost shall be an amount equal to (x) fifty percent (50%) of

the first $400,000.00 ofLiettnsor’s Work Cost plus (y) one hundred percent (100%) of Licensor’s

Work Cost in excess of said $400,000.00, up to the additional sum of $100,000. it being agreed

that Licensor’& share SJuO of Licensor’s Work Cost shall not exceed the sum of $200,000.00

and that Licensee shall tee resnonsifale for ait’s Share of Licensor’s Work Cost’s in excess of said

S20Q.Q0Q.00 assumed fay Licensor shall not eaceed the sum of:

In addition to the Licensee’s Share of Licensor’s Woik Cost, Licensee shall

concurrently therewith pay to T .icensor (i) the attnmeya fees and expenses incurred by Licensor in

connection with this License; and the proposed lease by Licensee, as tenant, of the Licensed

Premises, plus (ii) interest calculated at an annual rate often percent (10%) from dates of

payment by Licensor of Licensor’s Work Cost and said attorneys fees and expenses, to date of

payment by Licensee. Licensor shall pro’dde 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, puoi to die Expiiatioii 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

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NYC-WTC_000171107Source: NYC Law Department, mirrored locally

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A 30-page license agreement dated March 25, 1998, for the Mayor's Office of Emergency Management to occupy the 23rd floor at 7 World Trade Center.

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