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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

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nPTlON TO LffASE

In cciikidelation fur entering into this License and agiccuig to obey the covenants

herein, including payment of the license fee, Licensee is hereby granted, during the term of this

License, the irrevocable option of entering into a lease for the Licensed Premises on terms

mutually satisfactory to the parties herein. This option shall be exercisable only by execution and

delivery of a Lease of the l icensed Premises between T .icensnr and Licensee during the term of

this License, and upon the mnanation or eApiraiion Exniratioa Qate (or sooner termination^ of

this License, this option, if such a lease of the License Premises between Licensor and Licensee

shall not have theretofore been executed and delivered, shall also terminate simultaneously with

thetennhnte-ormqn^^ upon fee Expiration Date for sooner termination) of this License

Even if Licensee shall desire to lease the Licensed Premises, however, Licensor shall have no

obligation to execute a lease with Licensee unless all the terms, covenants and conditions of the

proposed lease are satislactory to Licensor in Licensor's sole, uncontrolled discretion.

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Licensor warrants and represents that it is the leasehold owner of the Licensed Premises

and is empowered and authorized to license said Licensed Premises

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NYC-WTC_000171109Source: NYC Law Department, mirrored locally

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