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License agreement draft, 7 WTC, July 1997

Machine-extracted title · confidence 95%

Draft license agreement between the City of New York and 7 World Trade Company for office space usage at 7 World Trade Center.

NYC-WTC_000171148–000171166

Folder label: “LICENSE AGREEMENT”

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NYC 9/11 Public Portal Document

07/29/97 11:55 CARB LURIA LLP 4 12127880367 NO.554 P0i9

governmental agency that is a party in interest in, and is seeking testimony concerning the award

of, or performance under, any transaction, agreement. License, petrmit, contract, or license entered into with the City, the State, or any political subdivision thereof or any local development

corporation within the City, then;

1.3(a) Thecc lissioner or agency head whose agenq/ is a party in interest to the

transaction, submitted bid, submitted proposal, contract, License, permit, or license shall convene

a hearing, upon not less than five (S) days' written notice to the parties involved to determine if

any penalties should attach for the failure of a person to testify.

1.3(b) If any nongovernntenial party to the hearing requests an adjournment, the

commissioner or agency bead who convened the hearing may, upim granting the adjournment, .

suspend any contract. License, permit, or license pending the final determination pursuant to

paragraph 1.5 below without the City incurring any penalty or damages for delay or otherwise.

1.4 The penalties which may attach after a final determination by the commissioner

or agency head may include but shall not exceed:

(a) The disqualification for a period not to exceed five (5) years from the date of an adverse determination for any person, or any entity of which such parson was a member at the time the testimony was sought, from submitting bids for, or transacting business with, or entering into or obtaining any contract. License, permit or license with or from the City; and/or

(b) The cancelation or tennination of any and all such existing City contracts. Licenses, permits or licenses that the refusal to testify concerns and that have not been assignai as permitted under tl^ agreement, nor the proceeds of which pledg^ to an unaffiliated and unrelated institutional lender for feir value prior to the issuance of the notice scheduling the hearing, without the City incurring any penalty or damages on account of such cancellation or tennination; monies lawfully

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NYC-WTC_000171161

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NYC-WTC_000171161Source: NYC Law Department, mirrored locally

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