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LICENSE AGREEMENT

Label derived from the City's folder field. The City does not supply document titles.NYC-WTC_000171148–000171166
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NYC 9/11 Public Portal Document

07/29/97 11:54 CARB LURIA LLP 12127880367 NO.554 P01O

ARTICLE!

Subject to the following provisions of this Article and pinformance of Licensor's

obligations under Article 5, Licensee shall pay a license fee of one dollar ($1.00) upon the Expiration Date. The license fee shall be payable at Licensor's address hereinbefore set forth or at

such other address as may be designated by Licensor from time to time, by notice in the manner

provided heron.

ar:TO £

OPTION TO LEASE

In consideration for entering into tins Lieease and agreeing to obey the covenants

herein, including payment of the license fee, Licensee is her^y granted, during the term of this

License, the irrevocable option of entering into a lease for the Liomsed Premises on terms

mutually satisfectory to the parties heron. This option shall be exercisable only by execution and

delivery of a Lease of the Licensed Premises between Licensor and Licensee during the term of

this License, and upon the termination or expiration of this License, this option, if such a lease of

the License Premises between Licensor and licensee shall not ha^'e theretofore been executed and

delivered, shall also terminate timultaneously with the termination or expiration of this License.

Even if Licensee shall desire to lease the Licensed Premises, however, Licensor shall have no obligation to execute a lease with Licensee unless all the terms, covenants and conditions of the

proposed lease are satisfactory to Licensor in Licensor's sole, uncontrolled discretion.

-6-

NYC-WTC_000171152

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NYC-WTC_000171152Source: NYC Law Department, mirrored locally

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