Rent Allocation. From and after the Second Amendment Date, Rent shall be recognized for federal income tax purposes according to Section 467 of the Code without a specific allocation of fixed rent within the meaning of Treasury Regulation § 1.467-1(c)(2)(ii)(A). As prior versions of the Lease (including the Lease, as in effect immediately prior to giving effect to the Second Amendment) incorporated a specific rent allocation, for avoidance of doubt, Landlord and Tenant hereby agree to terminate the prior rent allocation effective as of the Second Amendment Date.
Appears in 4 contracts
Samples: Lease (Vici Properties Inc.), Lease (Caesars Entertainment, Inc.), Lease (Vici Properties Inc.)
