Belterra Park definition
Examples of Belterra Park in a sentence
The Parties acknowledge that the provisions reflected in this Agreement are based on their mutual expectation that the effective date of the Merger, the Divestiture Closing Date and the closing under the Belterra Park Purchase Agreement shall occur after April 30, 2018 and prior to May 1, 2019.
Attached hereto as Exhibit C are examples (the “Examples”) of the manner in which the Building Base Rent, Land Base Rent, Percentage Rent and breakpoint for future Percentage Rent calculations should be allocated or, as applicable, calculated with respect to the Divested Facilities, the Retained Facilities and Belterra Park.
This Agreement, the Merger Agreement, the Membership Interest Purchase Agreement, the Belterra Park Purchase Agreement and all of the other documents contemplated by the foregoing constitute the entire agreement and supersede all prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof.
For the avoidance of doubt, the portion of the Rent Increase attributable to Percentage Rent under the Belterra Park Master Lease shall be allocated between Building Base Rent and Land Base Rent under this Master Lease and no adjustment to Percentage Rent shall occur under this Master Lease.
That Master Lease dated as of the date hereof between ▇▇▇▇ Borrower, as landlord, and PNK (Ohio), LLC, as tenant, pursuant to PNK (Ohio), LLC leases Belterra Park from ▇▇▇▇ Borrower.
The purchase price (the “Purchase Price”) of the Property shall be an amount equal to (i) nine (9) multiplied by (ii) the Belterra Park Initial Total Rent as such term is defined in the MLCRAA (which calculation the parties acknowledge would have resulted in a Purchase Price of $65,228,723.14 based on the example calculation of Belterra Park Initial Total Rent set forth in Exhibit C to the MLCRAA).
The Form of Purchaser Master Lease attached as Exhibit E to the Agreement shall be replaced in its entirety with the Form of Purchaser Master Lease attached as Schedule 1 hereto and Exhibit G shall be added to the Agreement attaching the Belterra Park Lease in the form attached as Schedule 2 hereto.
Subject to the satisfaction of the ▇▇▇▇ Lease Conditions, each of Gold LLC and Buyer hereby agrees to execute, deliver and enter into short form memoranda of the ▇▇▇▇ Master Lease against each Divested Facility and Belterra Park in the applicable real property records on the Divestiture Closing Date, substantially concurrently with the Membership Interest Purchase, and to cause such short form memoranda to be recorded promptly thereafter, all in accordance with Section 33.1 of the ▇▇▇▇ Master Lease.