TRACT. Tract" shall initially mean all buildings, land and/or air space comprising the Bazaar Site or the Aladdin Site, as applicable, together with all other improvements of Aladdin Gaming, or Bazaar Company, as the case may be, now or hereafter located thereon. If at any time hereafter less than all of the Bazaar Site or the Aladdin Site is Transferred in accordance with the requirements of the REA, then that portion of the Tract so Transferred shall hereinafter be deemed a separate Tract and the Person acquiring or leasing such new Tract shall be deemed a Permittee hereunder; provided, however, that no lease or license of space within the Redeveloped Aladdin by either Aladdin Gaming or Bazaar Company shall be deemed to create a new Tract.
Appears in 2 contracts
Sources: Common Parking Area Use Agreement (Aladdin Capital Corp), Common Parking Area Use Agreement (Bh Re LLC)