Company: GLPI
Filing Date: 2025-08-15
Form Type: 424B5
Source: 0001193125-25-181872
Chunk: 70

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-15
Form: 424B5
Chunk 70
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.S. dollars, non-callable government securities, or a combination of cash in U.S. dollars and non-callable government securities, in amounts as will be                                                                                       
 sufficient, without consideration of any reinvestment of interest, to pay and discharge the entire indebtedness on the notes not delivered to the trustee for cancellation for principal, premium, if any, and accrued and unpaid interest to, but not 
 including, the date of maturity or redemption; provided that, in the event that any portion of the trust funds so deposited consist of non-callable government securities, the sufficiency of such trust funds                                         
 shall be determined based upon the opinion or the report of a nationally recognized firm of independent public accountants, investment bank or appraisal firm; provided further that, with respect to any redemption pursuant to                       
 “—Redemption—Optional Redemption”, the amount deposited shall be sufficient for purposes of the indenture to the extent that an amount is so deposited with the trustee equal to the redemption amount computed using the Adjusted                     
 Treasury Rate as of the date of such deposit with the trustee (the date of any such deposit, including any such deposit in connection with a Legal Defeasance or Covenant Defeasance described above under “—Legal Defeasance and Covenant             
 Defeasance”, a “Deposit Date”);                                                                                                                                                                                                                        |

| (2) | the Issuers have paid or caused to be paid all other sums then payable by it under the indenture; and |

| (3) | the Issuers have delivered irrevocable written instructions to the trustee under the indenture to apply the                                                                                                                                 
 deposited money toward the payment of the notes at maturity or the redemption date, as the case may be. In addition, the Issuers must deliver an officer’s certificate and an opinion of counsel to the trustee stating that all conditions 
 precedent to satisfaction and discharge have been satisfied.                                                                                                                                                                                |

Upon compliance with the foregoing, the trustee shall execute proper instrument(s) acknowledging the satisfaction and discharge of all of the Issuers’ obligations under the notes and the indenture. No Personal Liability of Directors, Officers, Employees and Stockholders No director, officer, employee, incorporator or direct or indirect partner, member or stockholder, past, present or future, of the Issuers, the Guarantor or any successor entity, as such, will have any liability for any obligations of the Issuers or the Guarantor under the notes or the indenture or for any claim based on, in respect of, or by reason of,