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License Agreement draft, 7 World Trade Center, July 1997

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Draft license agreement between the City of New York and 7 World Trade Company LP dated July 29, 1997.

NYC-WTC_000171169–000171187

Folder label: “LICENSE AGREEMENT”

←Page 14 of 19→
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NYC 9/11 Public Portal Document

07/29/97 11:55 CARB LURIA LLP ■> 12127880367 NO.554 P019

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

of. or performance under, any transaction, agreement. License, permit, 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) The co lissioner or agency head whose agenc]/ 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 tailure of a person to testify.

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

conunissioner or agency head who convened the hearing may, upim granting the adjoununent, .

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 detennination for any person, or any entity of which such person 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, pennit or license with or from the City; and/or

(b) The cancellation or termination of any and all such existing City contracts. Licenses, permits or licenses that the refusal to testify concerns and that have not been assigned as permitted under this agreement, nor the proceeds of which pledged, 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 cancellatiori or termination; monies lawfully

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NYC-WTC_000171182

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NYC-WTC_000171182Source: NYC Law Department, mirrored locally

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