NYC 9/11 Public Portal Document
nUaju-presemanon with rq^ard to US abiltty to provide Or obtain adequate financing shall constitute
a basis for termination of this License on five (5) days written notice.
In the event Licensor fails to commence and/or fails to meet any applicable rime
frames, provided that Licensee is not responsible for licensor’s failure to comply with such time
frames, then Licensee shall give 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 (S) days from the date of said Delay
Notice, 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.
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EXCULPATORY
Licensee agrees that the liability of Licensor under this License and all matters
pertaining to or arising out of the Licensed Premises, shall be limited to Licensor’s interest in the
Building and in no event shall Licensee make any claim against or seek to impose any personal
liability upon any general or limited partner of Licensor, or any principal of any firm or
corporation that may hercaftci be or become the Licensor.
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