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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_000171154
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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 ”* ‘ -»\U 0^ Ouvioui VW AS 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 b O ^0. '='Y-a. 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^ T\'»t 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.

A&nCLiJi iRgliBNTIONALLY [TED -a-

NYC-WTC_000171154

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NYC-WTC_000171154Source: NYC Law Department, mirrored locally

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