NYC 9/11 Public Portal Document
shall, within thirty (30)\days after receipt of such statement, pay to Landlord the amount of any
underpayment of Tenant's Pilot Payment with respect to such Tax Year or in the event of any
overpayment. Landlord shall either pay to Tenant or, at Tenant’s election, credit against
subsequent payments of fixed rent, the amount of Tenant’s overpayment, except that any
overpayment equal to less than one monthly installment thereof shall be credited against
subsequent payments of fixed rent (any overpayment due from Landlord to Tenant to be paid to
Tenant within thirty-(30T^^Tafter Tenant’s demand therefor). If at any time after the date
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hereof. Taxes or Pilot are required to be paid (either to the appropriate taxing authorities or to the
Ground Lessor or as escrow payments to the holder of any superior mortgage or the lessor of any
superior lease, in full or in monthly, quarterly or other installments on any date or dates other
than as presently required, then upon notice thereof from Landlord, Tenant's Pilot Payment and
Tenant's Tax Payment shall be correspondingly accelerated or revised so that said Tenant's Pilot
Payment and Tenant's Tax Payment are due at least thirty (30) days prior to the date payments
are due to the taxing authorities or the Ground Lessor or the superior mortgagee.
(B) Only Landlord shall have the right to institute tax reduction or other
proceedings to reduce the Taxes or the assessed valuation of the Real Property. Nothing herein
shall obligate Landlord to file any application or institute any such proceeding.
(C) If a Tax Year begins prior to the Commencement Date or ends after the
Expiration Date or sooner termination of this Lease (other than pursuant to Article 30), Tenant's
Pilot Payment and Tenant's Tax Payment with respect to such Tax Year shall be apportioned in
the ratio of the number of days in such Tax Year occurring within the Term to the total number
of days in such Tax Year. If the Commencement Date shall occur on a date other than June 1 or
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NYC-WTC_000169958
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