NYC 9/11 Public Portal Document
(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. In
the event the Pilot component of the basic annual rental payable by Landlord under the
Underlying Lease for the Demised Prcmiscrs 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)^?^uch 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
NYC-WTC_000170259
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