NYC 9/11 Public Portal Document
(the “Termination Notice”), in which event, this Lease shall terminate at the end of the 2nd
Rental Period (or later date contained in the Termination Notice) as if such date were the
Expiration Date, provided that (i) the Expiration Date shall fall on the last day of a calendar
month and (ii) within one hundred eighty (180) days after the delivery of Tenant’s Termination
Notice under this Article 3, Tenant shall pay to Landlord an amount equal to the unamonized
portion of the brokerage commission (as of the Expiration Date in the Termination Notice) paid
by Landlord to the Broker (as defined in Anicle 29). Landlord shall provide Tenant with a
statement of such commission within thirty (30) days following receipt of the Termination Notice.
Time shall be of the essence with respect to the giving of the Termination Notice and payment by
Tenant.
ARTICLE 4
TAX AND OPERATING EXPENSE ESCALATIONS
Landlord and Tenant agree that in addition to the annual Base Rent provided for in the
preceding paragraphs of this Lease, additional rent shall be payable, consisting of Real Estate Tax
Escalations or Pilot Escalations and Operating Expense Escalations as those terms are hereinafter
defined. Landlord and Tenant agree Tenant’s pro-rata share of Real Estate Tax Escalations, Pilot
Escalations, and Operating Expense Escalations accurately reflects the ratio of Tenant’s rentable
square footage to the total rentable square footage in the Building.
A. 1. BASE YEAR OPERATING EXPENSES
“Base Year Operating Expenses” shall be defined as all reasonable costs and expenses
(and taxes thereon), without duplication, paid or incurred by Landlord in [see A.2. 1.4, i.e. the
Operating Expense Base Year,] in the reasonable exercise of Landlord's business judgment with
respect to following:
I. Items included in Operating Expenses
(1) Labor costs for the services of the following classes of employees
performing services required in connection with the operation, cleaning,
safety, security, repair and maintenance of the Real Property (including,
without limitation, all Building equipment);
(i) the Building manager who works full time on the Building.
(ii) engineers, mechanics, electricians, plumbers, porters and janitors
engaged on a full or part-time basis in the actual operation, repair
and maintenance of any part of the Real Property, including but
not limited to cleaning and the heating, air conditioning,
ventilating, plumbing, electrical, elevator and all systems of the
Real Property, provided that in the case of such part-time
employees only the costs attributable to the Real Property shall be
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