Casino Management Agreement Sample Clauses

Casino Management Agreement. (a) The parties agree that the Company and MCE shall use commercially reasonable efforts to procure, so far as they are able to, that the Casino Management Agreement is amended as set forth in the Implementation Agreement and that the other matters set forth in annexure G of the Implementation Agreement are implemented.
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Casino Management Agreement. (a)As additional consideration for the right to lease the Leased Premises and the Improvements, either Tenant (prior to the consummation of the VICI Sale-Leaseback Transaction) or Casino Subtenant (following the consummation of the VICI Sale-Leaseback Transaction) shall implement and abide by the terms of the Casino Management Agreement that may materially affect the interest of Landlord under this Lease. The Casino Management Agreement shall not be amended in a manner which materially and adversely affects the interest of Landlord under this Lease without Landlord's and the City Council's prior written consent, which consent shall not be unreasonably withheld, Financially Conditioned or delayed. A copy of the Existing Casino Management Agreement is attached as Exhibit "H" to this Lease and made a part hereof. Any proposed amendment to the Casino Management Agreement shall be delivered to Landlord and the City Council for review and consent if required. If Landlord's interest is viewed as being materially and adversely affected by the amendment, written notice shall be given to either Tenant (prior to the consummation of the VICI Sale-Leaseback Transaction) or Casino Subtenant (following the consummation of the VICI Sale-Leaseback Transaction) within ten (10) Business Days of receipt of the proposed amendment by Landlord and the City Council. 42
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Casino Management Agreement. (a) Subject to this chapter, a casino licensee or a lessee under a casino lease may, subject to the prior approval of the Commission, enter into a casino management agreement with another person for the management by that other person of:
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Casino Management Agreement. Enter into any amendment or modification of the Management Agreement without fifteen (15) days prior written notification to the Bank, accompanied by a true and correct copy of the proposed amendment.
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Casino Management Agreement. 11 1.15. Casino Manager/Operator............................................................................11 1.16.
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Casino Management Agreement. (a) As additional consideration for the right to lease the Leased Premises and the Improvements existing at the Execution Date, Tenant shall implement and abide by the terms of the Casino Management Agreement that may materially affect the interest of Landlord under this Lease. The Casino Management Agreement shall not be amended in a manner which materially and adversely affects the interest of Landlord under this Lease without Landlord's and the City Council's prior written consent, which consent shall not be unreasonably withheld, financially conditioned or delayed. A copy of the final terms and conditions of the Casino Management Agreement, which has been reviewed by the City Council in substantially the same form as the final agreement, is attached as Exhibit "H" to this Lease and made a part hereof. Any proposed amendment to the Casino Management Agreement, shall be delivered to Landlord and the City Council for review and consent if required. If Landlord's interest is viewed as being materially and adversely affected by the amendment, written notice shall be given to Tenant within ten (10) Business Days of receipt of the proposed amendment by Landlord and the City Council.
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Casino Management Agreement. 5.1 .1 Century SA will be awarded and will sign the casino management agreement on the following terms and conditions: Period: For duration of the licence initially 10 years with a guaranteed option to renew for further ten year periods Fees: 1. 4% of gaming revenue (after VAT, but before all other taxes) up to R40 million per year, plus 2. 5% of gaming revenue (after VAT, but before all other taxes) above R40 million per year, plus 3. 7.5% of EBITDA (Earnings before interest, tax, depreciation, amortization and any non-casino management controllable items such as leases, rent or similar). 5.1.2 The percentage referred to in 1 above shall be reduced to three percent (3%) for the first twelve months of casino operation. 5.1.3 The casino department shall report directly to the Board of Directors of Bidco as well as to Century SA. 5.2
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Casino Management Agreement. (BY AND BETWEEN CCAL & CCA) & HOTEL ------------------------------------------------------------------------- MANAGEMENT AGREEMENT (BY AND BETWEEN CCAL & FKH) --------------------------------------------------- ("THE MANAGEMENT AGREEMENTS") ----------------------------- a. Amendment shall be made to the management agreements such that any and all fees identified therein shall be deemed to have been not due or payable (and therefore shall be deemed to equal 1 'zero') from the inception date of those agreements and shall remain so until no earlier than Jan 1, 2002, whereafter each of CCA (in respect of the Casino Management Agreement) and FKH (in respect of the Hotel Management Agreement) shall, commencing with respect to the financial year beginning January 1, 2002, have the right to declare the fees calculable and payable for their respective management agreements by written notification to the other parties to this agreement which notice shall, i. state from which date (the "declaration date") the respective fees shall become calculable and payable; and ii. not be given earlier than the first day of the financial year within which the declaration date falls; and iii. not be given later than 30 days after the end of the financial year within which the declaration date falls.
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Related to Casino Management Agreement

  • The Management Agreement Borrower shall use commercially reasonable efforts to cause Manager to manage the Property in accordance with the Management Agreement. Borrower shall (a) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (b) promptly notify Agent of any notice to Borrower or Manager of any default by Borrower in the performance or observance of any material terms, covenants or conditions of the Management Agreement on the part of Borrower to be performed and observed, and (c) promptly deliver to Agent a copy of all material notices received by it (including, without limitation, any notices relating to the Ground Lease, the Reciprocal Easement and any Joint Manager (as defined in the Reciprocal Easement Agreement) and, upon request by Agent, any other financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement (but excluding any immaterial general correspondence and internal discussion drafts of any such plans, reports or estimates); and (iv) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by Manager under the Management Agreement. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its obligations hereunder or under the Management Agreement, Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • INVESTMENT MANAGEMENT AGREEMENT Separate written agreements entered into (i) by the Manager and the Master Fund and (ii) by the Manager and the Company, pursuant to which the Manager provides investment management services to the Master Fund.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Services Agreement “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Management Services Agreement The term "Management Services ----------------------------- Agreement" shall mean this Management Services Agreement by and between Practice and Business Manager and any amendments hereto.

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