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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

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NYC 9/11 Public Portal Document

07/29/97 11:54 CRRB LURIA LLP 12127880367 NO.554 P012

the BnildinssrFire-Bepartment Port Authority^d other regulatory agencies Df anvt which -WiA txrnr*''W require said submission in the timeframes set forth in the business days after DRES's approval of the Final Puns, Licenso^^^

shall subnut to DRES Btnlditig-Bepartment Port Authority administrative approvals with respect V

to Final Plans as well as a copy of the work permit for alternative document issuei^v the Port

VK-h-’h'* ■ UivanScfUr Licensor hereby warrants ana represents that it has the financial capability and/or I-* / ICUP adequatefinandngto completein thelqnefi^es se^nlrheRnn. Licensor’s**^'^*

misrepresentation with regard to its ability to provide or obtain adequate financing shall constitute

termination of this License on five (5) days written notice.

In the event Licensor fells to commence and/or fells to meet any applicable time < '

frames, provided that Licensee is not responsible for Licensor's failure to comply with suchc^v \< time frames, then Licensee shall give Licensor written notice (berdnafrer referred to as “Delay

Notice”) advising Licensor of its failure to so commence and/or perform. If Licensor fiiils to

commence or perform its obligations above within five (5) days fiom the date of said Delay

Notice, anbiect to force mojeure. Licensee, in addition to any other remedy it may have, may, at

it's 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 in Article 1. subject to T right to ditnute

the Delay Notice

ARUCLO TIONAILYI -8-

NYC-WTC_000171175

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NYC-WTC_000171175Source: NYC Law Department, mirrored locally

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