NYC 9/11 Public Portal Document
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
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
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.
(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 kliRtlllilS if any, nreviouslv paid bv Tenant to Landlord for the neriod 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
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NYC-WTC_000170084
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