Common use of The Third Additional Space Clause in Contracts

The Third Additional Space. Effective as of the Third Additional Space Commencement Date, with respect to the Third Additional Space only: (i) For purposes of Article 32.01(a) of the Lease, the reference at line two (2) thereof to “12,919” is hereby replaced with “3,235”. (ii) For purposes of Article 32.01(b)(i) of the Lease, the reference at line two (2) thereof to “two and ninety-five hundredths percent (2.95%)” is hereby replaced with “zero and seventy-four hundredths percent (0.74%)”. (iii) For purposes of Article 32.01(b)(iii) of the Lease the “Base Tax Year” shall mean the average of the Real Estate Taxes payable for: (x) the New York City real estate fiscal tax year commencing on July 1, 2014 through June 30, 2015, and (y) the New York City real estate tax year commencing on July 1, 2015 through June 30, 2016”.