Additional Leased Property. Landlord and Tenant hereby agree that from and after the Effective Date, (i) the Borgata Hotel Casino & Spa, Atlantic City, New Jersey (“Borgata”) shall be added to the “List of Facilities” set forth on Exhibit A to the Master Lease, (ii) legal description of Borgata attached hereto as Schedule 1 (Part I) shall be added to Part I of Exhibit B to the Master Lease and the description of ground leases attached hereto as Schedule 1 (Part II) shall be added to Part II of Exhibit B to the Master Lease, (iii) Borgata constitute a portion of the Leased Property, and shall be a Facility, for all purposes under the Master Lease, (iv) Borgata shall be subject to all of the terms and conditions of the Master Lease, as modified by this Amendment and as the same may be further modified from time to time, and (v) Borgata shall be subleased by Tenant to one or more Operating Subtenants pursuant to one or more Operating Subleases in accordance with the Master Lease.
Appears in 3 contracts
Sources: Master Transaction Agreement, Master Transaction Agreement (MGM Growth Properties LLC), Master Lease (MGM Resorts International)