Common use of Variable Rent Clause in Contracts

Variable Rent. From and after the Bluegrass Downs Severance Date, 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 Bluegrass Downs Facility.

Appears in 2 contracts

Sources: Lease (Caesars Entertainment, Inc.), Lease (Vici Properties Inc.)