Common use of CPLV Lease Clause in Contracts

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CPLV Lease. For the first 7 Lease years, Rent of $165,000,000 per Lease year, subject to the annual Escalator. 9 The Access Payment (as defined on Exhibit E) may be increased by up to $5,000,000, as determined by Tenant, in which event the initial Rent under the Non-CPLV Lease shall be decreased by an amount equal to 60% of such increase to the Access Payment.

Appears in 2 contracts

Samples: Restructuring Support and Forbearance Agreement (CAESARS ENTERTAINMENT Corp), Restructuring Support and Forbearance Agreement (CAESARS ENTERTAINMENT Corp)

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