Common use of Maximum Fixed Rent Term Clause in Contracts

Maximum Fixed Rent Term. Notwithstanding anything herein to the contrary, the Term with respect to the Leased Property shall expire as of the end of the Renewal Term immediately prior to the Renewal Term that would cause the Term to extend beyond the expiration of the Maximum Fixed Rent Term (after taking into account Maximum Fixed Rent Term extensions, if any, pursuant to clause (c)(iv) of the definition of “Rent”), in which event the Leased Property shall revert to Landlord and all Tenant’s Property relating thereto (including any Gaming Licenses relating thereto) shall remain owned by Tenant.

Appears in 6 contracts

Samples: And Attornment Agreement (Caesars Entertainment, Inc.), Lease (Vici Properties Inc.), Lease (Vici Properties Inc.)

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