Common use of Permitted Sublease Agreements Clause in Contracts

Permitted Sublease Agreements. Notwithstanding the provisions of Section 22.1, but subject to compliance with the provisions of this Section 22.3 and of Section 40.1 and compliance with all applicable Gaming Regulations, (a) Tenant or any Operating Subtenant may, without Xxxxxxxx’s prior written consent: (i) sublease the Leased Property or any Facility, or portion thereof to Tenant’s Parent, a wholly-owned Subsidiary of Tenant’s Parent, a wholly-owned Subsidiary of Tenant or any Operating Subtenant; (ii) sublease any portion of any Facility (but not an entire Facility) to any Person; provided, that Tenant or any applicable Operating Subtenant does not sublet a Material Portion of any such Facility; and (iii) sublet a Facility in order to comply with Section 8.2 hereof.

Appears in 3 contracts

Samples: Master Lease (VICI Properties L.P.), Master Lease (VICI Properties L.P.), Master Lease (MGM Resorts International)

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