NYC 9/11 Public Portal Document
July 1 of each year, or such other period of twelve (12) months as may be duly adopted as the
fiscal year for real estate tax purposes in the City of New York.
6. (A) Tenant shall pay as additional rent for each Tax Year, all or any portion
of which shall be within the Term a sum ("Tenant's Pilot Payment") computed by multiplying
the Pilot Rate Multiple by the excess of the Pilot Square Foot Factor for such Tax Year over the
Base Pilot Square Foot Factor. Tenant's Pilot Payment for each Tax Year shall be due and
payable by Tenant within twenty (20) days after receipt of a demand from Landlord, based upon
the most recent Landlord's Statement. If there shall be any increase or decrease in Pilot for any
Tax Year, whether during or after such Tax Year, Landlord shall furnish a revised Landlord's
Statement for such Tax Year. If a Landlord's Statement is furnished to Tenant after the
commencement of a Tax Year in respect of which such Landlord's Statement is rendered. Tenant
shall, within fifteen (15) 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 pay to Tenant the amount of Tenant's overpayment. If at any time
after the date 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.
18
NYC-WTC_000170316
OCR can misread numbers and units. Confirm readings against the page image before using them.