NYC 9/11 Public Portal Document
Year, Tenant’s liability under this Subsection A.2. shall be apportioned so that Tenant shall pay
only such part of the sums required to be paid under this Subsection A.2. that shall be included in
the term Term of this Lease.
Example for calculating CPI Index changes.
Index point change
CPI..................................... 118.5
Less CPI for previous period 113.8
Equals index point change ... .... 4.7
Percent Change
Index point difference....................... ........... 4.7
Divided by the previous index.......... ........113.8
Equals.............................................. ....... 0.041
Results multiplied by 100................. .0.041x100
Equals percent change...................... ........... 4.1
B.
REAL ESTATE TAX ESCALATIONS
The term "Taxes" and "Real Estate Taxes" as used herein, shall mean the real estate
taxes and assessments (excluding the BID and special assessments attributable to additions or
capital improvementST (other than replacements;} to the Building which are not customary for a
first-class office Building) on or with respect to the Building and the Land upon which it is
located, assessed, levied, or imposed by any governmental authority having jurisdiction.
Excluded (unless in substitution in whole or in pan for Taxes and Real Estate Taxes) from the
foregoing enumerations of Taxes and Real Estate Taxes will be (i) any income, franchise.
inheritance, capital stock, excise, excess profits, occupancy or rent, gift, estate, payroll or stamp
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