Common use of Application of Gaming Laws Clause in Contracts

Application of Gaming Laws. (a) This Agreement and the other Loan Documents are subject to Gaming Laws and laws involving the sale and distribution of liquor (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent and the Lenders acknowledges that (i) it is subject to the jurisdiction of the Gaming Authorities or Governmental Authorities enforcing such Gaming Laws or Liquor Laws (and to be called forward by such Gaming Authorities or Governmental Authorities), in their discretion, for licensing, qualification or findings of suitability or to file or provide other information and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Documents, including with respect to the Collateral and the ownership, possession and operation of facilities subject to the jurisdiction of the Gaming Authorities, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the relevant Gaming Authorities.

Appears in 3 contracts

Samples: Possession Credit Agreement (JMBS Casino LLC), Credit Agreement (St Louis Riverboat Entertainment Inc), Credit Agreement (St Louis Riverboat Entertainment Inc)

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Application of Gaming Laws. (a) This Agreement and the other Loan Documents are Mortgage is subject to the Gaming Laws and laws involving the sale sale, distribution and distribution possession of liquor alcoholic beverages (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent Agent, Mortgagee, Lead Arranger and the Lenders acknowledges by its acceptance hereof that (i) it is subject to the jurisdiction of being called forward by the Gaming Authorities Authority or Governmental Government Authorities enforcing such Gaming Laws or the Liquor Laws (and to be called forward by such Gaming Authorities or Governmental the “Liquor Authorities), in their discretion, for licensing, qualification licensing or findings a finding of suitability or to file or provide other information information, and (ii) all rights, remedies and powers in or under this Agreement Mortgage and the other Loan Documents, including with respect to the Collateral entry into and the ownership, possession ownership and operation of facilities subject to Gaming Facilities, and the jurisdiction possession or control of the Gaming Authoritiesgaming equipment, alcoholic beverages or a gaming or liquor licensee, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the relevant Gaming requisite Government Authorities.

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

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Application of Gaming Laws. (a) This Notwithstanding anything herein to the contrary, this Agreement and the other Loan Documents any Other Second Lien Agreement are subject to Gaming Laws and laws involving the sale and distribution of liquor (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent and the Lenders acknowledges Secured Parties acknowledge that (i) it is they are subject to the jurisdiction of the Gaming Authorities or Governmental Authorities enforcing such Gaming Laws or and Liquor Laws (and to be called forward by such Gaming Authorities or Governmental Authorities), in their discretion, for licensing, qualification or findings of suitability or to file or provide other information information, and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Documentsany Other Second Lien Agreements, including with respect to the Collateral (including the pledge and delivery of the Pledged Collateral), the Mortgaged Properties and the ownershiptransportation, possession ownership and operation of gaming machines and/or facilities may be subject to the jurisdiction of the Gaming Authorities and Liquor Authorities, and may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) ), if any, are obtained from the relevant Gaming Authorities and Liquor Authorities.

Appears in 1 contract

Samples: Collateral Agreement (Caesars Acquisition Co)

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