Common use of Compliance with Applicable Laws and Rules Clause in Contracts

Compliance with Applicable Laws and Rules. The Transfer of ----------------------------------------- the interest shall not at the time of the Transfer and will not thereafter, to the reasonable satisfaction of the General Partner, violate any applicable law or governmental rule, including, without limitation, any Federal or state securities or gaming law or rule (based upon the presumption, for this purpose, that the business operations of the Partnership shall not be changed to accommodate the Transfer of a Limited Partner's interest in the Partnership).

Appears in 2 contracts

Samples: Agreement (Hollywood Park Inc/New/), Partnership Agreement (Hollywood Park Fall Operating Co)

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Compliance with Applicable Laws and Rules. The Transfer of ----------------------------------------- the interest shall not at the time of the Transfer and will not thereafter‘hereafter, to the reasonable satisfaction of the General Partner, violate any applicable law or governmental rule, including, without limitation, any Federal or state securities or gaming law or rule (based upon the presumption, for this purpose, that the business operations of the Partnership shall not be changed to accommodate the Transfer of a Limited Partner's ’s interest in the Partnership).

Appears in 1 contract

Samples: Partnership Agreement (St Louis Casino Corp)

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Compliance with Applicable Laws and Rules. The Transfer of ----------------------------------------- the interest shall not at the time of the Transfer and will not thereafter, to the reasonable satisfaction of the General Partner, violate any applicable law or governmental rule, including, without limitation, any Federal or state securities or gaming law or rule (based upon the presumption, for this purpose, that the business operations of the Partnership shall not be changed to accommodate the Transfer of a Limited Partner's interest in the Partnership).

Appears in 1 contract

Samples: Partnership Agreement (Switzerland County Development Corp)

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