NYC 9/11 Public Portal Document
December 1, and there shall be a Tenant's Pilot Payment and Tenant's Tax Payment payable with
respect to the period commencing on the Commencement Date, such Tenant's Pilot Payment or
A
Tenant's Tax Payment shall not become due until Landlord shall have furnished a Landlord's
Statement with respect thereto and in no event until after the Commencement Date.
A
(D) Landlord will use reasonable efforts to obtain a waiver by the Port
Authority for payment of Tenant’s Pilot Payment from Tenant named herein. In the event any
such waiver is obtained Tenant shall receive the benefit thereof during such period of waiver
including all such amounts, if any, previously paid by Tenant to Landlord for the period of time
included in such waiver. In the event the Pilot component of the basic annual rental payable by
Landlord under the Underlying Lease for the Demised Premises shall be waived by the Port
Authority for Tenant and not be payable by Landlord to the Port Authority for the Demised
Premises, the Base Rent (on a per square foot basis) shall be reduced by the amount (and
duration) of such waiver by the Port Authority. Landlord makes no representation to Tenant that
any of the provisions of this Paragraph (D) shall be effective and the failure to obtain same shall
have no effect on this Lease. In the event Real Estate Taxes shall become payable for the Real
Property, said reduction in Base Rent shall immediately cease and the Base Rent shall be fully
restored to the rentals set fonh in Anicle 2.
E. RIGHT TO AUDIT
Tenant and its authorized representative shall have the right to examine, copy and audit
any and all books and records of Landlord, peninent to the escalations under this Article
including but not limited to original invoices, originals of executed contracts, original cancelled
checks, general ledgers and books of original entry, for the purpose of verifying the accuracy of
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NYC-WTC_000169959
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