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Document / 19 pages

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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Scanned page image, NYC-WTC_000171151
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NYC 9/11 Public Portal Document

07/29/97 11:54 CARB LURIA LLP 12127880367 NO.554 P009

for approval, all in connection with Landlord's preparation of the Final Plans as defined and

described in Article S below In addition to the Lienor Work Cost. Ljeepaee shall Inf-' ' cnncurrentlv therewith oav^o Licensor fi) fhp/attomevs feesmutf exdcnses incurrerFbv

Licensor* in connection with this Li< bv Licensee, a/tenant. of

ilus fin in

and said attorneys fees a ad J

Licensor shall provide Licensee with a statement of all such costs together with

reasonably detailed back-up documentation within fifteen (is) business days after Licensee's

giving of a tennination nonce, or if applicable, the cxpiialion of die License. Such costs shall be.

subject to audit by DGAS and/or its authodzed rqprcscntativc and post-audit by the Comptroller

for the City of New York.

If, prior to the Expiration Date, Licensee shall temunato this License by reason of

Licensor's breach of the terms of this License and Licensee canno t thereby enter into a lease of the

Licensed Premises because of uncompleted Licensor's Work pursuant to Article 5 hereof, no

Licensor Work Cost shall be payable. If, prior to the Expiration Date, Licensor shall terminate

this License, except if due to a breach of the terms of this License by Licensee, no Licensor Work

Cost shall be payable from Licensee to Licensor. The Licensor’s Work Cost payment shall also

be waived in its entirety if Licensor and Licensee execute and deliver a lease of the Licensed

Premises during the term of this License pursuant to Article 3 of this License, subject to the

provisions of said lease

-5-

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NYC-WTC_000171151

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NYC-WTC_000171151Source: NYC Law Department, mirrored locally

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