Common use of Cessation of Operations Clause in Contracts

Cessation of Operations. The Borrower or any Restricted Subsidiary ceases to operate a casino (and, as applicable, hotel) at any Core Property or ceases to conduct significant gaming and hotel activities thereon for any reason whatsoever (other than the operations of an Immaterial Subsidiary and other than the temporary cessation in connection with alterations permitted hereunder or restoration following a Casualty Event); or

Cessation of Operations. The Borrower or any Restricted Subsidiary ceases to operate a casino (and, as applicable, hotel) at any Core Property or ceases to conduct significant gaming and hotel activities thereon for any reason whatsoever (other than the operations of an Immaterial Subsidiary and other than the temporary cessation in connection with alterations permitted hereunder or restoration following a Casualty Event); or

Cessation of Operations. The Borrower or any Restricted Subsidiary ceases to operate a casino (and, as applicable, hotel) at any Core Property Hotel/Casino Facility or ceases to conduct significant gaming and hotel activities thereon for any reason whatsoever (other than the operations of an Immaterial Subsidiary and other than the temporary cessation in connection with alterations permitted hereunder or restoration following a Casualty Event); or

Cessation of Operations. The Borrower or any Restricted Subsidiary ceases to operate a full-service casino (and, as applicable, hotel) at any Core Property or ceases to conduct significant gaming and hotel activities thereon at substantially the same level as conducted as of the Closing Date for any reason whatsoever (other than the operations of an Immaterial Subsidiary and other than the temporary cessation in connection with alterations permitted hereunder or restoration following a Casualty Event); or