NYC 9/11 Public Portal Document
07/29/97 11:54 CARB LURIA LLP 12127880367 NO.554 P0i2
the BaHdingsrPire-Gepartment Port AuthoritY^d other regulatory agencies (iLaax) which
require said submission in the timeframes set forth in theJ ”* ‘
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Within te^h^ . business days after DRES's approval of the Final Plans, Licenso^^^^^^^
shall submit to DRES Btrilding'Gepartment Port Authority administrative approvals with respect
to Final Plans as well as a copy of the work permit (or alternative document issued bv the Port
Auiha^.
Licensor hereby warrants represents that itjia^^e financial capability and/or
ICHP adequate financing to complete the>£efld7&Bb in theQnefiamess^^rtlrtlSRin. Licensor's t i
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misrepresentation with regard to its ability 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 feils to commence and/or fails to meet any applicable time 1 ,
•Wdble for Licensor's failure to comply with sucho^
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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 (5) days fi om the date of said Delay
Notice, sabiecl te foree majeure. Licensee, in addition to any other remedy it may have, may, at
it'» 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 Ln Article 1. subject to
the Drfay Notice.
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iRgliBNTIONALLY [TED
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NYC-WTC_000171154
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