Common use of Aruze Non-Compete Clause in Contracts

Aruze Non-Compete. Aruze covenants to EW and SAW that until the Non-Compete Termination Date and so long as Aruze is a stockholder of Wxxx (or of a successor entity to Wxxx), Aruze, Aruze Parent, and Kxxxx Xxxxx agree that (other than through Wxxx) Aruze, Aruze Parent, and Kxxxx Xxxxx shall not without SAW’s consent, directly or indirectly, engage in the development of or own, operate, lease, manage, control or invest in, act as consultant or advisor to or otherwise assist any Person that engages in (a) casino operations in Cxxxx County, Nevada, or Macau or (b) Internet gaming anywhere in the world; provided, however, that either Aruze Parent or Kxxxx Xxxxx may operate a business offering Internet gaming if the forms of gaming offered by such business are restricted to games derived from pachinko or pachi-slot machines or other games not authorized for manufacture or distribution in the State of Nevada or Macau and any of Aruze, Aruze Parent, Kxxxx Xxxxx or an entity which is at least 80% owned by Kxxxx Xxxxx or Aruze Parent (“Okada Entity”) may license content from any gaming device manufactured by Aruze, Aruze Parent or Okada Entity to a business offering Internet gaming. Nothing herein shall preclude Aruze, Aruze Parent, an Okada Entity and/or Kxxxx Xxxxx from engaging in the sale of gaming devices in the aforementioned jurisdictions.

Appears in 2 contracts

Samples: Stockholders Agreement (Wynn Stephen A), Stockholders Agreement (Wynn Resorts LTD)

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Aruze Non-Compete. Aruze covenants to EW and SAW that until the Non-Compete Termination Date and so long as Aruze is a stockholder of Wxxx Wynn (or of a successor entity to WxxxWynn), Aruze, Aruze Parent, and Kxxxx Xxxxx Xxxxx agree that (other than through WxxxWynn) Aruze, Aruze Parent, and Kxxxx Xxxxx Xxxxx shall not without SAW’s consent, directly or indirectly, engage in the development of or own, operate, lease, manage, control or invest in, act as consultant or advisor to or otherwise assist any Person that engages in (a) casino operations in Cxxxx Xxxxx County, Nevada, or Macau or (b) Internet gaming anywhere in the world; provided, however, that either Aruze Parent or Kxxxx Xxxxx Xxxxx may operate a business offering Internet gaming if the forms of gaming offered by such business are restricted to games derived from pachinko or pachi-slot machines or other games not authorized for manufacture or distribution in the State of Nevada or Macau and any of Aruze, Aruze Parent, Kxxxx Xxxxx Xxxxx or an entity which is at least 80% owned by Kxxxx Xxxxx Xxxxx or Aruze Parent (“Okada Entity”) may license content from any gaming device manufactured by Aruze, Aruze Parent or Okada Entity to a business offering Internet gaming. Nothing herein shall preclude Aruze, Aruze Parent, an Okada Entity and/or Kxxxx Xxxxx Xxxxx from engaging in the sale of gaming devices in the aforementioned jurisdictions.

Appears in 1 contract

Samples: Stockholders Agreement

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Aruze Non-Compete. Aruze covenants to EW and SAW that until the Non-Compete Termination Date and so long as Aruze is a stockholder of Wxxx Xxxx (or of a successor entity to WxxxXxxx), Aruze, Aruze Parent, and Kxxxx Xxxxx Xxxxx agree that (other than through WxxxXxxx) Aruze, Aruze Parent, and Kxxxx Xxxxx Xxxxx shall not without SAW’s consent, directly or indirectly, engage in the development of or own, operate, lease, manage, control or invest in, act as consultant or advisor to or otherwise assist any Person that engages in (a) casino operations in Cxxxx Xxxxx County, Nevada, or Macau or (b) Internet gaming anywhere in the world; provided, however, that either Aruze Parent or Kxxxx Xxxxx Xxxxx may operate a business offering Internet gaming if the forms of gaming offered by such business are restricted to games derived from pachinko or pachi-slot machines or other games not authorized for manufacture or distribution in the State of Nevada or Macau and any of Aruze, Aruze Parent, Kxxxx Xxxxx Xxxxx or an entity which is at least 80% owned by Kxxxx Xxxxx Xxxxx or Aruze Parent (“Okada Entity”) may license content from any gaming device manufactured by Aruze, Aruze Parent or Okada Entity to a business offering Internet gaming. Nothing herein shall preclude Aruze, Aruze Parent, an Okada Entity and/or Kxxxx Xxxxx Xxxxx from engaging in the sale of gaming devices in the aforementioned jurisdictions.

Appears in 1 contract

Samples: Stockholders Agreement (Wynn Resorts LTD)

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