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_000171107
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