Similar Lease means a lease that is entered into by the Issuer or a Restricted Subsidiary with another Person (other than the Issuer or a Restricted Subsidiary) for the purpose of, or with respect to operating or managing, Related Businesses, lodging or leisure Real Property assets of the Issuer or its Restricted Subsidiaries.
Similar Lease means a lease that (x) reflects commercially reasonable terms at the time entered into (as determined in good faith by the Company) and (y) is (i) entered into by any Borrower or a Restricted Subsidiary with MGP or its Subsidiaries or their respective Affiliates or with another Person to the extent such Person is (or intends to be) a REIT or (ii) permitted by Section 1.5 and Section 22.7 of the MGP Master Lease as in effect on the Closing Date.
Similar Lease means a lease that is entered into by the Company or a Restricted Subsidiary with another Person (other than the Issuers or a Restricted Subsidiary) for the purpose of, or with respect to operating or managing, Related Businesses, or lodging or leisure Real Property assets of the Company or its Restricted Subsidiaries.
Examples of Similar Lease in a sentence
To the extent required by Section 17.3 of the MGP Master Lease, Section 17.3 of the MGP XXXXX XX Master Lease and Section 17.3 of the Bellagio Lease (and any equivalent provision in any Similar Lease), the Administrative Agent shall provide a copy to the applicable landlord of any notices issued by the Lenders or the Administrative Agent to the Borrowers of an Event of Default hereunder.
To the extent required by Section 17.3 of the MGP Master Lease, Section 17.3 of the MGP XXXXX XX Master Lease and, Section 17.3 of the Bellagio Lease and Section 17.3 of the CityCenter Master Lease (and any equivalent provision in any Similar Lease), the Administrative Agent shall provide a copy to the applicable landlord of any notices issued by the Lenders or the Administrative Agent to the Borrowers of an Event of Default hereunder.
More Definitions of Similar Lease
Similar Lease means a lease that is entered into by the Issuer or any of its Subsidiaries with another Person (other than the Issuer or its Subsidiary) for the purpose of, or with respect to operating or managing Gaming Facilities, Related Businesses, lodging, leisure and entertainment-related, amusement or experiential Real Property assets of the Issuer or its Subsidiaries.
Similar Lease means any triple net real estate lease arrangement or any lease entered into in connection therewith (including, without limitation, any ground lease or other similar lease) that (x) reflects commercially reasonable terms at the time entered into (as determined in good faith by the Company) or (y) is permitted by Section 1.5 and Section 22.7 of the MGM Master Leases, if applicable, as in effect on the Closing Date.
Similar Lease means a lease that is entered into by VICI LP or any of its Subsidiaries with another Person (other than VICI LP or its Subsidiary) for the purpose of, or with respect to operating or managing Gaming Facilities, Related Businesses, lodging, leisure and entertainment-related, amusement or experiential Real Property assets of VICI LP or its Subsidiaries.
Similar Lease means a lease that (x) reflects commercially reasonable terms at the time entered into (as determined in good faith by the Borrower) and (y) is entered into by the Borrower or a Restricted Subsidiary with CEOC or its Subsidiaries or with another Person (other than a Loan Party) for the purpose of, or with respect to operating
Similar Lease means a lease that is entered into by the Company or a Restricted Subsidiary with another Person (other than the Issuers or a Restricted Subsidiary) for the purpose of, or with respect to operating or managing, Related Businesses, lodging or leisure Real Property assets of the Company or its Restricted Subsidiaries. “Spin-Off” means the spin-off of Park Hotels & Resorts Inc. from Hilton as a separately- traded XXXX traded on the New York Stock Exchange. “Spin-Off Documents” means the Distribution Agreement, the Ancillary Agreements and the Tax Matters Agreement related to the Spin-Off. “Stated Maturity” means: (1) with respect to any debt security, the date specified in such debt security as the fixed date on which the final installment of principal of such debt security is due and payable; and (2) with respect to any scheduled installment of principal of or interest on any debt security, the date specified in such debt security as the fixed date on which such installment is due and payable. “Subordinated Indebtedness” of the Company means any Indebtedness of the Company that is expressly subordinated to and junior in right of payment to the Notes. “Subordinated Indebtedness” of a Subsidiary Guarantor means any Indebtedness of such Subsidiary Guarantor that is expressly subordinated to and junior in right of payment to the Note Guarantee of such Subsidiary Guarantor. “Subsidiary” means, with respect to any Person, any corporation, association or other business entity of which more than 50.0% of the voting power of the outstanding Voting Stock is owned, directly or indirectly, by such Person and/or one or more other Subsidiaries of such Person and the accounts of which would be consolidated with those of such Person in its consolidated financial statements in accordance with GAAP, if such statements were prepared as of such date; provided, however, that for the purposes of this Indenture, Xxxx Xxxxxx Red Lion Hotel (owning the Hilton Santa Xxxxxxx Beachfront Resort), Santa Xxxxxxx Hotel Lessee LLC (operating the Hilton Santa Xxxxxxx Beachfront Resort) and Doubletree Spokane City Center LLC (the sole member of the owner of the DoubleTree Hotel Spokane City Center) shall each be considered a “Subsidiary” of the Company; provided, further, that upon any change in voting power such that the foregoing entities would no longer be consolidated with the Company after
Similar Lease means any triple net real estate lease arrangement or any lease entered into in connection therewith (including, without limitation, any ground lease or other similar lease) that (x) reflects commercially reasonable terms at the time entered into (as determined in good faith by the Company) or(y) is permitted by Section 1.5 and Section 22.7 of the MGM Master Leases, if applicable, as in effect on the Closing Date.
Similar Lease means any triple net real estate lease arrangement or any lease entered into in connection therewith (including, without limitation, any ground lease or other similar lease) that (x) reflects commercially reasonable terms at the time entered into (as determined in good faith by the Company) or(y) is permitted by Section 1.5 and Section 22.7 of the MGM Master Leases, if applicable, as in effect on the Closing Date.