NYC 9/11 Public Portal Document
feet allocated to the Demised Premises for les of Section 6,8 of the Underlying Lease,
such number of rentable square feet to be de .nsjjnroid pursuant to Section 5.1.7 of the
Underlying Lease.
5, The term ” Tax Year” shall mean the twelve (12) month period commencing
July 1 of each year, or such other period of twelve (12) months as mav be duly adopted as the
fiscal year for real estate tax ses in the Citv of New York.
6, (A) Tenant shall pay as additional rent for each Tax Year, all or anv
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 oyer 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 d•rmiig or after such Tax Year, Landlord shall
furnish a reyised Landlord’s Statement for such Tax Year. If a La I’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, pav to Landlord the amount of anv u lyment of Tenant’s Pilot Payment with
respect to such Tax Year or in the eyent of any oyerpayment. 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 anv superior lease, in
full or in monthly, quarterly or other installments on any date or dates other than as presently
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NYC-WTC_000170599
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