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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