NYC 9/11 Public Portal Document
number of square feet in the World Trade Center subject to such payments and the total number
of square feet in the Building subject to such payments and Landlord will notify Tenant of such
allocation, in which event, the "Pilot Square Foot Factor” shall equal the payments so allocated
to the Building divided by the Building Area, i.e., 1,936,000 square feet.
3. The term "Base Pilot Square Foot Factor" shall mean the Pilot Square Foot
Factor applicable to the period July 1, 1997 through June 30, 1998 (as finally determined).
4. The term "Pilot Rate Multiple" shall mean the number of rentable square feet
allocated to the Demised Premises for purposes of Section 6.8 of the Underlying Lease, such
number of rentable square feet to be determined pursuant to Section 5.1.7 of the Underlying
Lease.
5. The term “Tax Year" shall mean the twelve (12) month period commencing
July 1 of each year, or such other period of twelve (12) months as may be duly adopted as the
fiscal year for real estate tax purposes in the City of New York.
6. (A) Tenant shall pay as additional rent for each Tax Year, all or any portion
of which shall be within the Term a sum ("Tenant's Pilot Payment") computed by multiplying
the Pilot Rate Multiple by the excess of the Pilot Square Foot Factor for such Tax Year over the
Base Pilot Square Foot Factor. J^enant's Pilot Payment for each Tax Year shall be due and o'
payable by Tenant within thi. (30)fdays after receipt of a demand from Landlord, based upon
the most recent Landlord's Statement. If there shall be any increase or decrease in Pilot for any
Tax Year, whether during or after such Tax Year, Landlord shall furnish a revised Landlord's
Statement for such Tax Year. If a Landlord's Statement is furnished to Tenant after the
commencement of a Tax Year in respect of which such Landlord's Statement is rendered. Tenant
F:\CR\LHC\ 4219.1016\NEWLSE.6 18
NYC-WTC_000169957
OCR can misread numbers and units. Confirm readings against the page image before using them.