Common use of ADVERSE NIGC ACTION Clause in Contracts

ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA and the Project Company to get immediate approval by the NIGC of the Management Agreement and related documents, if necessary, and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 above.

Appears in 1 contract

Samples: Consent and Agreement (Lakes Entertainment Inc)

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ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA LASS and the Project Company to get immediate approval by the NIGC of the Amended Management Agreement and related documents, documents if necessary, necessary and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 above.

Appears in 1 contract

Samples: Consent and Agreement (Lakes Entertainment Inc)

ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA LASS and the Project Company to get immediate approval immediately licensed by the NIGC of the Management Agreement and related documents, if necessary, and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval hereof while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 13 above.

Appears in 1 contract

Samples: Consent and Agreement (Lakes Entertainment Inc)

ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA LASS and the Project Company to get immediate approval become immediately licensed by the NIGC of the Management Agreement and related documents, if necessary, and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval hereof while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 9 above.

Appears in 1 contract

Samples: Buyout and Release Agreement (Lakes Entertainment Inc)

ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA and the Project Company to get immediate approval by the NIGC of the Management Agreement and related documents, if necessary, and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 above. 14.

Appears in 1 contract

Samples: Consent and Agreement

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ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA and the Project Company to get immediate approval immediately licensed by the NIGC of the Management Agreement and related documents, if necessary, and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval hereof while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 13 above.

Appears in 1 contract

Samples: Consent and Agreement (Lakes Entertainment Inc)

ADVERSE NIGC ACTION. The parties acknowledge and agree that an important purpose of this Agreement is to allow LAJA and the Project Company to get immediate approval become immediately licensed by the NIGC of the Management Agreement and related documents, if necessary, and to immediately allow the Project to move forward. Should the NIGC take any action to nullify or otherwise disrupt this Agreement, then the parties shall immediately meet and negotiate in good faith to agree to such modifications as may be necessary to obtain such NIGC approval hereof while still maintaining the intents and purposes of this Agreement, with any disputes related thereto resolved by arbitration under Section 12 9 above.

Appears in 1 contract

Samples: Buyout and Release Agreement (Lakes Entertainment Inc)

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