Nature of Financing. 1. The nature of financing shall, inter alia, include:
Nature of Financing. The Company desires to borrow funds and to secure repayment of such borrowing with the Company’s interest in the Granted Property described below and the payments due and payable under the Naming Rights and Marketing Agreement dated as of the Effective Date (as defined therein) (such agreement as it may heretofore or hereafter be amended, supplemented or modified is hereinafter referred to as, the “Naming Rights Agreement”) between the Company, and Las Vegas Convention and Visitors Authority, a local government entity of the State of Nevada (“LVCVA”). The Ball Park which is the subject of the Naming Rights Agreement (the “Granted Property”) is more fully described in the Deed of Trust (hereinafter defined).
Nature of Financing. The Company desires to borrow funds and to secure repayment of such borrowing with the Company’s interest in the Property described below and the rental payments due and payable under the Lease dated May 18, 2005 (such lease as it may heretofore or hereinafter be amended, supplemented or modified is hereinafter referred to as, the “Lease”) between the Company (as successor-in-interest to Net Lease Development LLC, a Delaware limited liability company), as landlord, and Walgreen Eastern Co., Inc., a corporation organized under the laws of the State of New York, as tenant (“Tenant”). The obligations of the Tenant under the Lease have been guaranteed by Walgreen Co., an Illinois corporation (the “Lease Guarantor” ), in accordance with the terms of that certain Guaranty dated May 18, 2005 (the “Lease Guaranty” ). The real estate which is being leased by the Company to the Tenant (the “Property”) is more fully described in the Mortgage (hereinafter defined).
Nature of Financing. The Company desires to borrow funds and to secure repayment of such borrowing with the Company’s interest in the Property described below and the rental payments due and payable under the Lease dated August 18, 2005 (such lease as it may heretofore or hereinafter be amended, supplemented or modified is hereinafter referred to as, the “Lease”) between the Company (as successor-in-interest to Net Lease Development LLC, a Delaware limited liability company), as landlord, and Walgreen Co., a corporation organized under the laws of the State of Illinois, as tenant (“Tenant”). The real estate which is being leased by the Company to the Tenant (the “Property”) is more fully described in the Mortgage (hereinafter defined).
