Common use of Requirements of Call Right Election Notice and Call Right Property Package Request Clause in Contracts

Requirements of Call Right Election Notice and Call Right Property Package Request. As a condition to exercising the Call Right, VICI shall deliver to Owner a notice of VICI’s intention to exercise the Call Right and a request for the Call Right Property Package from Owner (collectively, the “Call Right Property Package Request”). As promptly as practicable after receipt of the Call Right Property Package Request, but in no event later than the date occurring thirty (30) days after Owner’s receipt of the Call Right Property Package Request, Owner shall provide to VICI a package of information (the “Call Right Property Package”), which shall set forth all material information with respect to the Eastside Convention Center Property and the Call Right including, without limitation, the following: (i) reasonable evidence that the Put/Call Convention Center Conditions have been satisfied; (ii) the proposed Sale Agreement, in the condition required by this Agreement, which shall include the Put-Call Purchase Price and Closing Date; (iii) the proposed Las Vegas Lease Amendment, in the condition required by this Agreement; (iv) delivery of the Financial Statements for the most recently ended four (4) consecutive Fiscal Quarter period for which Financial Statements are available as of the date of VICI’s exercise of the Call Right, as the case may be; (v) the proposed Put-Call Purchase Price and Las Vegas Lease Amendment Rent; and

Requirements of Call Right Election Notice and Call Right Property Package Request. As a condition to exercising the Call Right, VICI shall deliver to Owner a notice of VICI’s intention to exercise the Call Right Right, and a request for the Call Right Property Package from Owner (collectively, the “Call Right Property Package Request”). As promptly as practicable after receipt of the Call Right Property Package Request, but in no event later than the date occurring thirty (30) days after Owner’s receipt of the Call Right Property Package Request, Owner shall provide to VICI a package of information (the “Call Right Property Package”), which shall set forth all material information with respect to the Eastside Convention Center Property and the Call Right including, without limitation, the following: (i) reasonable evidence that the Put/Call Convention Center Conditions have been satisfied; (ii) the proposed Sale Agreement, in the condition required by this Agreement, which shall include the Put-Call Right Purchase Price and Closing Date; (iii) a determination of whether the Call Right Rent Coverage Condition has been satisfied, together with reasonably detailed supporting documentation and computations used to derive such determination; (iv) the proposed Las Vegas HLV Lease Amendment, in the condition required by this Agreement; (ivv) delivery of the Financial Statements for referenced in the most recently ended four definition of Combined Rent Coverage Condition; and (4vi) consecutive Fiscal Quarter period for which Financial Statements are available as a reasonably detailed explanation of the date of VICI’s exercise computation of the proposed Call Right, as the case may be; (v) the proposed Put-Call Right Purchase Price and Las Vegas the Call Right HLV Lease Amendment Rent; and