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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

Premises* Lt *** TJfMMor the fees (if any) charged bv the Port

Liueusui hcidiy waiiaiils and lepiesenls dial ii lias ihe financial capability and/or

adequate financing to cause the preparation of the Final Plans in the time frames set forth in said

Exhibit “A'’. The parties hereto acknowledge and agree that the ‘‘target date” for completion of

the Final Plans is on or priot to December 31,1997. Licensor's misrepresentation with regard to

its ability to provide or obtain adequate finawring shall constitute a bans for termination of this

License on five (S) days written notice.

In the event Licensor fails to commence and/or fills to meet any applicable time

frames, provided that Licensee is not responsible for Licensor’s failure to comply with such time

frames, then Licensee shall »ve Licensor written notice (hereinafter referred to as “Delay

Notice”) advising Licensor of its failure to so commence and/or perform If Licensor fails to

commence or perform its obligations above within five (5) business days from the date receiiit of

said Delay Notice,

notice /the ffnTT ! Ddav Notice”). If Licensor fails to commence or perform Its obligations

JQiglagJllIthQk subject to force majeure.

Licensee, in addition to any other remedy it may have, may, at it's option terminate this License on

ten (10) business days written notice to Licensor without liability for the repayment of the

Licensor Work Cost as defined in Article 1, subject to Licensor’s right to dispute the Delay

Notice.

ARTICLE 6

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NYC-WTC_000171111

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NYC-WTC_000171111Source: NYC Law Department, mirrored locally

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