Common use of Percentage Rent Reset Year Clause in Contracts

Percentage Rent Reset Year. Each and every other Lease Year commencing with the third (3rd) Lease Year, and continuing with the fifth (5th) Lease Year, the seventh (7th) Lease Year, the ninth (9th) Lease Year, the first (1st), third (3rd) and fifth (5th) Lease Years of the first Xxxxxxx Xxxx, the second (2nd) and fourth (4th) Lease Years of the second Renewal Term, etc.

Appears in 5 contracts

Samples: Master Lease (Gaming & Leisure Properties, Inc.), Master Lease (Eldorado Resorts, Inc.), Master Lease (PNK Entertainment, Inc.)

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Percentage Rent Reset Year. Each and every other Lease Year commencing with the third (3rd) Lease Year, and continuing with the fifth (5th) Lease Year, the seventh (7th) Lease Year, the ninth (9th) Lease Year, the first (1st), third (3rd) and fifth (5th) Lease Years of the first Xxxxxxx XxxxRenewal Term, the second (2nd) and fourth (4th) Lease Years of the second Renewal Term, etc.

Appears in 3 contracts

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

Percentage Rent Reset Year. Each and every other Lease Year commencing with the third The sixth (3rd) Lease Year, and continuing with the fifth (5th6th) Lease Year, the seventh eleventh (7th11th) Lease Year, the ninth sixteenth (9th16th) Lease Year, the twenty-first (1st), third (3rd) and fifth (5th21st) Lease Years of the first Xxxxxxx XxxxYear, the second twenty-sixth (2nd) and fourth (4th26th) Lease Years of Year and the second Renewal Term, etcthirty-first (31st) Lease Year.

Appears in 2 contracts

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

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Percentage Rent Reset Year. Each and every other Lease Year commencing with the third (3rd) Lease Year, and continuing with the fifth (5th) Lease Year, the seventh (7th) Lease Year, the ninth (9th) Lease YearYear , the first (1st), third (3rd) and fifth (5th) Lease Years of the first Xxxxxxx XxxxRenewal Term, the second (2nd) and fourth (4th) Lease Years of the second Renewal Term, etc.

Appears in 2 contracts

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

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