NYC 9/11 Public Portal Document
also apply to the Base Pilot Square Foot Factor.
The term "Pilot" shall mean (I) such payments as the Port Authority has
agreed to pay the City of New York under an agreement dated 1967 as it may haye been or
may be hereafter supplemented or amended (the "City Agreement") and (ih all payments in
lieu of real estate taxes or assessments which may be agreed upon between the Port Authority
and any goyernmental authorities (Federal. State or City, or any political subdiyision thereoft
other than as nroyided in the City Agreement, but not any amounts in excess of those imposed
under the City Agreement.
The term "Pilot Square Foot Factor" shall mean the annual per rentable
square foot factor used in computing the Pilot under the City Agreement for the releyant Tax
Year. If payments under the City Agre become payable on a basis other than an annual
amount per occupied rentable square foot (as defined in Section 5.1.7 of the Underlying
Lease), then unless such payments are separately assessed and leyied or allocated to the Real
Property, the Port Authority will allocate such payments equitably on the basis of proration
between the total number of square feet in the World Trade Center subject to such payments
and the total number of square feet in the Building subject to such payments and Landlord
will notify Tenant of such allocation, in which eyent. the "Pilot Square Foot Factor" shall
equal the payments so allocated to the Building diyided by the Building Area, i.e.. 1.936.000
square feet.
3 The term "Base Pilot Square Foot Factor" shall mean the Pilot Square Foot
Factor applicable to the period July 1, 1997 through June 30.1998 (as finally determined).
J. The term "Pilot Rate Multiple" shall mean the number of rentable square
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NYC-WTC_000170598
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