Common use of Variable Rent Clause in Contracts

Variable Rent. From and after the date hereof, for purposes of any calculation of Variable Rent under the Lease, including any adjustments in Variable Rent based on increases or decreases in Net Revenue, such calculations of Net Revenue shall exclude Net Revenue attributable to the Splendora Property.

Appears in 2 contracts

Sources: Lease (Caesars Entertainment, Inc.), Lease (VICI Properties L.P.)

Variable Rent. From and after the date hereof, for purposes of any calculation of Variable Rent under the Lease, including any adjustments in Variable Rent based on increases or decreases in Net Revenue, such calculations of Net Revenue shall exclude Net Revenue attributable to the Splendora ▇▇▇▇▇▇/▇▇▇▇▇ Property.

Appears in 2 contracts

Sources: Lease (VICI Properties L.P.), Lease (Caesars Entertainment, Inc.)

Variable Rent. From and after the date hereof, for purposes of any calculation of Variable Rent under the Lease, including any adjustments in Variable Rent based on increases or decreases in Net Revenue, such calculations of Net Revenue shall exclude Net Revenue attributable to the Splendora CP3 Property.

Appears in 2 contracts

Sources: Lease (Caesars Entertainment, Inc.), Lease (VICI Properties L.P.)

Variable Rent. From and after the date hereof, for purposes of any calculation of Variable Rent under the Lease, including any adjustments in Variable Rent based on increases or decreases in Net Revenue, such calculations of Net Revenue shall exclude Net Revenue attributable to the Splendora PropertyAtlantic City Parcel.

Appears in 1 contract

Sources: Lease (Vici Properties Inc.)