NYC 9/11 Public Portal Document
B. REAL ESTATE TAX ESCATATIONS
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 improvements, 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 part 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
A cteal
taxes or foreign ownership or control taxes or any sQ=called-"Gains Tax" imposed pursuaat-to
Article-34-B-of-the,New York State Tax Law (the "Gains Tax") and deed tax or transfer tax
irnposed by Artirlp 79 of the Npw York State Tax T.aw. and any-:mortgage recording tax imposed
by Ariicl^-j4-o£-the New- York State-Tax Law, (ii) any expenses incurred by Landlord, or
Landlord's estate, including payments to attorneys and appraisers, in contesting the Taxes and
Real Estate Taxes by tax certiorari proceedings and such expenses and payments shall be the
obligation of Landlord, and (iii) any Taxes resulting from an increase of the assessed value of the
Building attributable to additions or capital improvements (other than replacements) to the
Building unless such addition or capital improvement was made in whole or in part for the benefit
of tenants generally. As of the date hereof, to the best of Landlord's knowledge, the only Taxes
affecting the Building and/or the Land are the real estate taxes payable to the City of New York as
Pilot.
Tenant covenants and agrees that for each lease year of the Term commencing with July
15
NYC-WTC_000170255
OCR can misread numbers and units. Confirm readings against the page image before using them.