NYC 9/11 Public Portal Document
B. REAL ESTATE TAX ESCALATIONS
The term "Taxes" and "Real Estate Taxes" as used herein, shall mean the real estate taxes
and assessments (excluding 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 -<l«»d> 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
taxes or foreign ownership or control taxes or any so-called "Gains Tax" imposed pursuant to
Article 31-B of the New York State Tax Law (the "Gmns Tax") and deed tax or transfer tax
imposed by Article 29 of the New York State Tax Law, and any mortgage recording tax imposed by
Article 11 of 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 <Tcnant wth
its prior written ■eon3eBt> 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 ^initial lcasc term> Term
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NYC-WTC_000170596
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