Casino Restrictive Covenant Sample Clauses

Casino Restrictive Covenant. The Property is subject to that certain Declaration of Covenants, Conditions and Restrictions dated as of November 30, 2022, by and between the Village 2 Casino Property Owner and Seller and recorded on December 5, 2022 as Instrument No. 20221205-0000446 in the Official Records (the “Casino Restrictive Covenant”) which prohibits the operation of a Casino within the Property. The Casino Restrictive Covenant has been provided to Buyer as part of the Property Materials. As used in this Section, “Casino” shall mean any Gaming Establishment with a Restricted License. (1) “Gaming” means to deal, operate, carry on, conduct, maintain or expose for play any Game (as defined in the NRS), gaming device, inter-casino linked system, mobile gaming system, interactive gaming system, slot machine, race book or sports pool, or any other form of gaming or gambling hereafter added to NRS Chapter 463 or any successor statutes; (2) “Establishment” means any premises wherein or whereon any Gaming is done or any other premises hereafter added to NRS 463.0148 or any successor statute; and (3) a “Restricted License” means a state gaming license for, or an operation consisting of, not more than 15 slot machines and no other game or gaming device, race book or SMRH:4867-2220-9151.17 -18- sports pool at an establishment in which the operation of slot machines is incidental to the primary business of the establishment or any other license hereafter added to NRS 463.0189 or any successor statute. Seller hereby discloses to Buyer that pursuant to the Casino Restrictive Covenant, each transferee or ground lessee of all or any portion of the “Burdened Property” thereunder (except for transferees or ground lessees acquiring such portion for purposes of occupying a single family residence thereon) must execute and record a joinder agreement in the form set forth as Exhibit C thereto, a copy of which is attached hereto as Schedule 4.9.2 (each, a “Casino Restrictive Covenant Joinder”). Pursuant to any Casino Restrictive Covenant Joinder, such transferee or ground lessee shall agree to be bound by and subject to the Casino Restrictive Covenant (including, without limitation, to all of the terms, restrictions, requirements and limitations set forth therein). At each Closing, Buyer shall execute and deliver a Casino Restrictive Covenant Joinder with respect to the Property and Village 2 Common Area Parcels which are being conveyed to Buyer at such Closing, and Seller or the Village 2 Casino Prop...
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Related to Casino Restrictive Covenant

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Definitions For purposes of this Agreement:

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Force Majeure If by reason of Force Majeure, either party hereto shall be rendered unable wholly or in part to carry out its obligations under this Agreement then such party shall give notice and full particulars of Force Majeure in writing to the other party within a reasonable time after occurrence of the event or cause relied upon, and the obligation of the party giving such notice, so far as it is affected by such Force Majeure, shall be suspended during the continuance of the inability then claimed, except as hereinafter provided, but for no longer period, and such party shall endeavor to remove or overcome such inability with all reasonable dispatch. Choice of Law The Agreement between the Vendor and TIPS/ESC Region 8 and any addenda or other additions resulting from this procurement process, however described, shall be governed by, construed and enforced in accordance with the laws of the State of Texas, regardless of any conflict of laws principles. Venue, Jurisdiction and Service of Process Any Proceeding arising out of or relating to this procurement process or any contract issued by TIPS resulting from or any contemplated transaction shall be brought in a court of competent jurisdiction in Camp County, Texas and each of the parties irrevocably submits to the exclusive jurisdiction of said court in any such proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the Proceeding shall be heard and determined only in any such court, and agrees not to bring any proceeding arising out of or relating to this procurement process or any contract resulting from or any contemplated transaction in any other court. The parties agree that either or both of them may file a copy of this paragraph with any court as written evidence of the knowing, voluntary and freely bargained for agreement between the parties irrevocably to waive any objections to venue or to convenience of forum. Process in any Proceeding referred to in the first sentence of this Section may be served on any party anywhere in the world. Venue for any dispute resolution process, other than litigation, between TIPS and the Vendor shall be located in Camp or Xxxxx County, Texas.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Waiver The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

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