NYC 9/11 Public Portal Document
reauired.then upon notice thereof from Landlord, Tenant’s Pilot Payment and Tenant* 8 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 f30) davs prior to the date payments are due
to the taxing authorities or the Ground Lessor or the superior mortgagee.
im 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 301,
Tenant’s Pilot Payment and Tenant’s Tax Payment with respect to such Tax Year shall be
apportioned in the ratio of the UmiLiLf of davs in such Tax Year occinnn
Ing within the Term to
the total number of davs 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 bv 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. If the Pilot Square Foot Factor (including the Base Pilot Square Foot Factor) shall be
waived for Tenant and not be pavable bv Landlord to the Port Authority for the Demised
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NYC-WTC_000170600
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