GLOSSARY OF SELECTED TERMS
Unless the context otherwise requires, the following terms used throughout this prospectus have the following meanings:
Caesars
refers to Caesars Entertainment Corporation, a Delaware corporation and guarantor of the lease payment obligations
under the Formation Lease Agreement, (NASDAQ: CZR), and, unless the context otherwise requires, its consolidated subsidiaries.
Caesars Entertainment Outdoor
refers to the historical operations of the following golf courses that were transferred from
CEOC to VICI Golf on the Formation Date: the Rio Secco golf course in Henderson, Nevada; the Cascata golf course in Boulder City, Nevada; the Grand Bear golf course in Saucier, Mississippi; and the Chariot Run golf course in Laconia, Indiana.
Call Right Agreements
refers to our option to acquire three properties from subsidiaries of Caesars pursuant to call right
agreements.
CEOC
refers to Caesars Entertainment Operating Company, Inc., a Delaware corporation, prior to the
Formation Date, and following the Formation Date, CEOC, LLC, a Delaware limited liability company and the tenant, together with certain of its subsidiaries, under the Formation Lease Agreements.
CPLV
or
Caesars Palace Las Vegas
refers to Caesars Palace Las Vegas facilities located on the Las Vegas
Strip, which was transferred by CEOC to CPLV Mortgage Borrower on the Formation Date.
CPLV CMBS Debt
refers to $1.55
billion of asset-level real estate mortgage financing of CPLV, incurred by CPLV Mortgage Borrower on October 6, 2017.
CPLV
Lease Agreement
refers to the lease agreement for Caesars Palace Las Vegas.
CPLV Mortgage Borrower
refers to
CPLV Property Owner LLC, a Delaware limited liability company, the special purpose bankruptcy remote entity that is the fee owner of CPLV (subject to the CPLV Lease Agreement) and that is indirectly wholly-owned by VICI PropCo.
CRC
refers to Caesars Resort Collection, LLC, a subsidiary of Caesars and guarantor of the lease payment obligations under
the HLV Lease Agreement.
Eastside Property
refers to the approximately 18.4 acres of land located in Las Vegas,
Nevada, east of Harrahs Las Vegas, which we sold to Caesars in December 2017.
Eastside Convention Center
Property
refers to a convention center that Caesars may construct on the Eastside Property (which is currently anticipated to be approximately 300,000 square feet, but which must be at least 250,000 square feet in order for the put right
or call right to be exercised), together with the Eastside Property and all buildings, fixtures and improvements located thereon and all real property rights and interests relating thereto.
Formation Date
refers to October 6, 2017, the effective date of the Plan of Reorganization.
Formation Lease Agreements
refers collectively to the CPLV Lease Agreement, the Non-CPLV Lease Agreement and the Joliet
Lease Agreement.
Formation Transactions
refers to the transactions on the Formation Date pursuant to which the
historical business of Caesars Entertainment Operating Company was separated by means of a spin-off transaction whereby the real property assets and golf course operations of Caesars Entertainment Operating Company and certain of its subsidiaries
were transferred through a series of transactions to VICI REIT and its subsidiaries.
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