Common use of REIT Protection Clause in Contracts

REIT Protection. This Agreement shall be interpreted in a manner that is consistent with the continued qualification of VICI Properties Inc., a Maryland corporation (“VICI REIT”) as a “real estate investment trust” under Section 856(a) of the Internal Revenue Code of 1986, as amended, or any similar or successor provisions thereto (a “REIT”). Notwithstanding anything to the contrary set forth in this Agreement, VICI REIT shall not be required to take any action or refrain from taking any action that would, in either case, reasonably be expected to cause VICI REIT to fail to qualify as a REIT.

Appears in 4 contracts

Samples: Right of First Refusal Agreement (Vici Properties Inc.), Right of First Refusal Agreement (Caesars Entertainment, Inc.), Right of First Refusal Agreement (Caesars Entertainment, Inc.)

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