Common use of LANDLORD'S INTEREST Clause in Contracts

LANDLORD'S INTEREST. Landlord shall have no interest in such compensation and damages for the first fifty-five (55) years of the Term; Landlord’s interest shall be ten percent (10%) in the fifty-sixth year and shall increase ten percent (10%) per year for each year thereafter;

Appears in 1 contract

Samples: Ground Lease and Sublease (Station Casinos LLC)

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LANDLORD'S INTEREST. Landlord shall have no interest in such compensation and damages insurance proceeds for the first initial fifty-five (55) years of the Term; , Landlord’s interest shall be ten percent (10%) in the fifty-sixth year and shall increase ten percent (10%) per year for each year thereafter;; provided, however, that Landlord’s interest in any rental loss insurance payments shall be one hundred percent (100%).

Appears in 1 contract

Samples: Ground Lease and Sublease (Station Casinos LLC)

LANDLORD'S INTEREST. Landlord shall have no interest in such compensation and damages for the first fifty-fifty- five (55) years of the Term; Landlord’s interest shall be ten percent (10%) in the fifty-sixth year and shall increase ten percent (10%) per year for each year thereafter;

Appears in 1 contract

Samples: Ground Lease (Station Casinos LLC)

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LANDLORD'S INTEREST. Landlord shall have no interest in such compensation and damages insurance proceeds for the first initial fifty-five (55) years of the Term; , Landlord’s interest shall be ten percent (10%) in the fifty-sixth year and shall increase ten percent (10%) per year for each year thereafter;; provided, however, that. Landlord’s interest in any rental loss insurance payments (relating to Rents payable hereunder) shall be one hundred percent (100%).

Appears in 1 contract

Samples: Ground Lease (Station Casinos LLC)

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