Amendment to Ground Lease Between TGH&H Real Estate Trust and Texas Station, Inc. (May 2000)

Contract Categories: Real Estate › Lease Agreements
Summary

This agreement is between TGH&H Real Estate Trust (as landlord) and Texas Station, Inc. (as tenant), with Bank of America, N.A. acting as trustee. It confirms that the annual rent for the first rental period under their ground lease will be $3,450,000, starting August 1, 2000, and may be adjusted as specified in the lease. All other terms of the original lease remain unchanged.

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EX-10.1 3 j0775_ex10d1.htm EX-10.1

Exhibit 10.1

 

Direct Dial:  (702) 367-2484

Facsimile:  (702) 221-6755

 

Glenn C. Christenson

Executive Vice President

Chief Financial Officer

Chief Administrative Officer

 

 

 

May 12, 2000

 

via hand delivery

 

Ms. Fern Price, Trust Officer

BANK OF AMERICA, N.A.

300 South Fourth Street, Third Floor

Las Vegas, Nevada  89101

 

Re:                               Ground Lease dated June 1, 1995, as amended (the “Lease”), between TGH&H Real Estate Trust, as successor landlord (“Landlord”), and Texas Station, Inc., as successor tenant (“Tenant”). 

 

 

Dear Ms. Price:

 

                This letter agreement will confirm that, pursuant to Section I.C.2 of the Lease, Landlord and Tenant have agreed that (a) the annual Rent (as defined in the Lease) for the first Rental Period (as defined in the Lease) shall be $3,450,000 per year, subject to adjustment pursuant to subsection (b) of that Section, and (b) the first Rental Period shall commence on August 1, 2000.  Except as expressly modified hereby, the Lease remains in full force and effect.

 

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                If the foregoing accurately sets forth Landlord’s agreement with respect to these matters, please so indicate by executing the attached copy of this letter in the space provided below and returning it to me as soon as possible.

 

 

Sincerely,

 

 

 

 

 

TEXAS STATION, INC.

 

 

 

 

 

By:

/S/  GLENN C. CHRISTENSON

 

 

Glenn C. Christenson

 

 

Senior Vice President

 

 

Treasurer

 

 

AGREED to and ACCEPTED

this _____ day of May, 2000

 

TGH&H REAL ESTATE TRUST

By:          Bank of America, N.A., as Trustee of

                the TGH&H Real Estate Trust under

                Trust Agreement dated January 8, 1997

 

                By:                                                                                         

                Name:                                                                    

                Title:                                                                                      

 

 

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bcc:         Frank J. Fertitta, III

                Blake L. Sartini

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                William W. Warner

                Richard J. Haskins

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