Preceding Lease Year definition
Preceding Lease Year. As defined in clause (c)(i) of the definition of “Rent.”
Preceding Lease Year. As defined in clause (c)(i) of the definition of Rent.
Preceding Lease Year means the Lease Year ending on the day immediately prior to the first day of the Lease Year for which fixed rent is being determined.
More Definitions of Preceding Lease Year
Preceding Lease Year. As defined in clause (c)(i) of the definition of “Rent.” “Preliminary Studies”: As defined in Section 10.4(a). “Primary Intended Use”: (i) Hotel and resort and related uses, (ii) gaming and/or pari-mutuel use, including, without limitation, horsetrack, dogtrack and other similarly gaming-related sporting uses, (iii) ancillary retail and/or entertainment use, (iv) such other uses required under any Legal Requirements (including those mandated by any applicable regulators), (v) such other ancillary uses, but in all events consistent with the current use of the Leased Property or any portion thereof as of the Commencement Date or with then-prevailing hotel, resort and gaming industry use, and/or (vii) such other use as shall be approved by Landlord from time to time in its reasonable discretion. “Prime Rate”: On any date, a rate equal to the annual rate on such date publicly announced by JPMorgan Chase Bank, N.