Common use of No Extraordinary Actions on the Distribution Date Clause in Contracts

No Extraordinary Actions on the Distribution Date. Except as expressly contemplated by this Agreement or the Plan, the REIT shall not, and shall not permit any REIT Entity to, on the Effective Date after the Distribution, take any action outside of the ordinary course of business; provided, however, that this provision shall not apply to any actions or transactions that are deemed to occur solely for income tax purposes on the Effective Date after the Distribution as a result of transactions contemplated in the Agreement or the Plan.

Appears in 4 contracts

Samples: Tax Matters Agreement (CAESARS ENTERTAINMENT Corp), Tax Matters Agreement (Vici Properties Inc.), Tax Matters Agreement (Vici Properties Inc.)

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