Successor Tenant definition

Successor Tenant. As defined in Section 36.1.

Successor Tenant. As defined in Section 9.3(b).

Successor Tenant means: (1) any purchaser, transferee, or assignee of the Leasehold Estate pursuant to a Foreclosure Event, including Leasehold Mortgagee or its successor, assignee, designee or nominee (if applicable); and (2) such purchaser’s, transferee’s, or assignee’s direct and indirect successors and assigns.

Examples of Successor Tenant in a sentence

• Tenant shall, at its sole cost and expense, remove all Operating Property from the Leased Property at the end of the Term, except to the extent Tenant (or its Subsidiaries) has transferred ownership of such Operating Property to a Successor Tenant or Landlord.

• Any Operating Property left on the Leased Property at the end of the Term whose ownership was not transferred to a Successor Tenant shall be deemed abandoned by Tenant and shall become the property of Landlord, and Landlord shall have the right to remove and/or dispose of same at Tenant’s sole cost and expense.

• Notwithstanding anything contained herein to the contrary, the parties hereby acknowledge and agree that Tenant shall be entitled to receive an amount equal to the Gaming Asset FMV as a condition to the closing of the transfer of the Transferred Items to the Successor Tenant.

• Landlord and Txxxxx shall first attempt to agree on the amount of Successor Tenant Rent that it will be assumed Landlord will be entitled to receive for a term of twenty (20) years and pursuant to a lease containing substantially the same terms and conditions of this Lease (other than, in the case of a new lease at the end of the final Renewal Term, the terms of this Article XXXVI, which will not be included in such new lease).

• If Tenant and a potential Successor Tenant designated by Landlord cannot agree on the Gaming Assets FMV within a reasonable time not to exceed thirty (30) days after receipt of an End of Term Gaming Asset Transfer Notice hereunder, then such Gaming Assets FMV shall be determined, and Txxxxx’s transfer of the Transferred Items to a Successor Tenant in consideration for a payment in such amount shall be determined and transferred, in accordance with the provisions of Section 36.2.

More Definitions of Successor Tenant

Successor Tenant. A tenant immediately succeeding Tenant that will provide the same or essentially the same Concession services as are awarded by this Lease.

Successor Tenant. A tenant immediately succeeding Tenant that will provide the same or essentially the same Concession services as are awarded by this Lease. DocuSign Envelope ID: C3FE23DB-91BD-434E-8B72-DA0A11B2473D

Successor Tenant. As defined in Section 36.1. ACTIVE/119768607.18

Successor Tenant. As defined in Section 36.1. Successor Tenant Rent: As defined in Section 36.2. Taking: As defined in Section 15.1(a). Tenant: As defined in the preamble. Tenant Capital Improvement: A Capital Improvement funded by Tenant, as compared to Landlord. Tenant COC: As defined in Section 22.2(iii). Tenant Parent COC: As defined in Section 22.2(iii). Tenant Representatives: As defined in Section 23.4. Tenant’s Parent: Eldorado Resorts, Inc., and any permitted successor thereto. Tenant’s Property: With respect to each Facility, all assets (other than the Leased Property and property owned by a third party) primarily related to or used in connection with the operation of the business conducted on or about the Leased Property, together with all replacements, modifications, additions, alterations and substitutes therefor. Term: As defined in Section 1.3. Termination Notice: As defined in Section 17.1(d). Test Period: With respect to any Person, for any date of determination, the period of the four (4) most recently ended consecutive fiscal quarters of such Person. 26 ACTIVE/103726432.5 US-DOCS\116344257.8

Successor Tenant. As defined in Section 36.2. Regulatory Approval Supporting Information: Information regarding Landlord (and, without limitation, its officers and Affiliates), Tenant (and, without limitation, its officers and Affiliates), a Baton Rouge Transferee (and, without limitation, its officers and Affiliates), or a Replaced Property Transferee (and, without limitation, its officers and Affiliates), as applicable, in each case, that is reasonably requested by Tenant from Landlord or by Landlord from Tenant, as the case may be, in connection with obtaining any Required Governmental Approvals. Related Persons: With respect to a party, such party’s Affiliates and Subsidiaries and the directors, officers, employees, agents, advisors and controlling persons of such party and its Affiliates and Subsidiaries. Renewal Notice: As defined in Section 1.4. Renewal Term: A period for which the Term is renewed in accordance with Section 1.4. Rent: The sum of (a) the Building Base Rent, (b) the Land Base Rent and (c) the Percentage Rent. Rent Reduction Amount: As defined in Section 41.16(f). Replaced Property: The Evansville Facility and/or the Greenville Facility, as applicable, as designated by Tenant to be replaced by one or more Replacement Properties in connection with a Replacement Property Transaction. Replaced Property Transferee: The transferee(s) of Landlord’s interest in the Replaced Property as designated by Tenant (in its sole discretion), which may or may not be Tenant or an Affiliate of Tenant; provided that, subject to the foregoing, immediately after giving effect to a Replacement Property Transaction, the Tenant’s and Landlord’s interest in the Replaced 21 ACTIVE/103726432.5 US-DOCS\116344257.8

Successor Tenant has the meaning ascribed to such term in Section 20.4(b) hereof. "Surety Bond" means a surety company payment and performance bond, in form and substance and issued by a surety company licensed in the State guaranteeing to Landlord (and to such other Persons as Tenant shall determine appropriate) Builder’s completion of such Construction, in accordance with the contract with Builder, fully paid and free and clear of all liens, encumbrances, security interests, and other charges, except as this Lease permits. Such Surety Bond shall be in an amount equal to at least 110% of the cost (as estimated by Tenant’s State licensed architect) of all materials and labor for any Construction for (a) any and all Improvements which may be required within dedicated rights of way and/or public facility easements, and (b) public works as described in section 255.05, Fla. Stat. (2012), as same may be amended from time to time for all public works.

Successor Tenant has the meaning set forth in Section 8.10.