Common use of Building Base Rent Clause in Contracts

Building Base Rent. During the Initial Term, an annual amount equal to [Two Hundred Eighty Nine Million Fifty Six Thousand Dollars ($289,056,000.00]2; provided, however, that commencing with the second (2nd) Lease Year and continuing each Lease Year thereafter during the Initial Term, the Building Base Rent shall increase to an annual amount equal to the sum of (i) the Building Base Rent for the immediately preceding Lease Year, and (ii) the Escalation.

Appears in 3 contracts

Samples: Merger Agreement (PNK Entertainment, Inc.), Master Lease (PNK Entertainment, Inc.), Merger Agreement (Pinnacle Entertainment Inc.)

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Building Base Rent. During the Initial Term, an annual amount equal to [Two Seventy-Four Million One Hundred Eighty Fifty-Nine Million Fifty Six Thousand Four Hundred Fifty-Seven Dollars ($289,056,000.00]274,159,457); provided, however, that commencing with the second (2nd) Lease Year and continuing each Lease Year thereafter during the Initial Term, the Building Base Rent shall increase to an annual amount equal to the sum of (i) the Building Base Rent for the immediately preceding Lease Year, and (ii) the Escalation.

Appears in 2 contracts

Samples: Master Lease (Boyd Gaming Corp), Master Lease (Gaming & Leisure Properties, Inc.)

Building Base Rent. During Commencing on the Initial TermEffective Date, an annual amount equal to [Two Hundred Eighty Nine Million Fifty Six Thousand two hundred eight million, one hundred ninety-five thousand Dollars ($289,056,000.00]2208,195,000); provided, however, that commencing with the second (2nd) Lease Year on November 1, 2023 and continuing on each Lease Year anniversary thereof thereafter during the Initial Term, the Building Base Rent shall increase to an annual amount equal to the sum of (i) the Building Base Rent for the immediately preceding Lease Year, and (ii) the Escalation.

Appears in 2 contracts

Samples: Master Lease (Gaming & Leisure Properties, Inc.), Master Lease (PENN Entertainment, Inc.)

Building Base Rent. During the Initial Term, an annual amount equal to [Two Hundred Eighty Nine Million Fifty Six Thousand Dollars ($289,056,000.00]2289,056,000.00] 2; provided, however, that commencing with the second (2nd) Lease Year and continuing each Lease Year thereafter during the Initial Term, the Building Base Rent shall increase to an annual amount equal to the sum of (i) the Building Base Rent for the immediately preceding Lease Year, and (ii) the Escalation.

Appears in 1 contract

Samples: Merger Agreement (Gaming & Leisure Properties, Inc.)

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Building Base Rent. During the Initial Term, an annual amount equal to [Two Hundred Eighty Nine Million Fifty Six Thousand Dollars ($289,056,000.00]2$ ); provided, however, that commencing with the second (2nd) Lease Year and continuing each Lease Year thereafter during the Initial Term, the Building Base Rent shall increase to an annual amount equal to the sum of (i) the Building Base Rent for the immediately preceding Lease Year, and (ii) the Escalation.

Appears in 1 contract

Samples: Master Lease (Gaming & Leisure Properties, Inc.)

Building Base Rent. During the Initial Term, an annual amount equal to [Two Hundred Eighty Nine Million Fifty Six Thousand two million, six hundred twenty-one thousand, three hundred fifty-three Dollars ($289,056,000.00]22,621,353.00); provided, however, that commencing with the second (2nd) Lease Year and continuing each Lease Year thereafter during the Initial Term, the Building Base Rent shall increase to an annual amount equal to the sum of (i) the Building Base Rent for the immediately preceding Lease Year, and (ii) the Escalation.

Appears in 1 contract

Samples: Master Lease (Boyd Gaming Corp)

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