GLPI Guaranty. (a) GLPI hereby guarantees unconditionally and as a primary obligation, for the benefit of OpCo, the due performance by Pinnacle of its obligations under the Transaction Documents following the Effective Time (the “Guaranteed Obligations”). If Pinnacle fails to perform any such obligation, GLPI, upon written request of OpCo, shall, or shall cause Pinnacle to, perform such obligations promptly upon receipt of such request. This guaranty shall apply regardless of any amendments, variations, alterations, waivers or extensions to this Agreement, except to the extent any of the foregoing modifies the application thereof. For the avoidance of doubt, this guaranty of this Section 8.14 shall only be effective from and after the Effective Time.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (PNK Entertainment, Inc.), Separation and Distribution Agreement (PNK Entertainment, Inc.), Agreement and Plan of Merger (Pinnacle Entertainment Inc.)
