Compliance with Gaming Regulations. Each Venturer agrees to fully comply with all rules and regulations governing gaming and the use of gaming devices in each and every jurisdiction in which it transacts business. Neither Venturer shall conduct its business or act in a manner that could reasonably be expected to jeopardize the other Venturer's gaming license or its ability to operate its business in any jurisdiction at any time. In the event that either Venturer does not comply with all rules and regulations governing gaming and does not correct such non-compliance in a prompt manner as requested by either the gaming regulatory authorities or by the other Venturer or acts in any manner that could reasonably be expected to jeopardize the other's gaming license, this Agreement may be terminated by the other party if, after 5 days' written notice such situation is not cured. Said termination is specifically limited to a termination of this Agreement with and only with respect to the jurisdiction(s) directly impacted by said non-compliance. This Agreement will remain in full force and effect for all non-impacted jurisdictions.
Compliance with Gaming Regulations. Notwithstanding anything to the contrary herein or in any of the other Credit Documents, the Collateral Agent, on behalf of the Secured Creditors, acknowledges and agrees that the exercise of all rights and remedies under this Agreement is subject to applicable Gaming Regulations and further acknowledges and agrees that:
Compliance with Gaming Regulations. (a) Each of the Licensed Parties, and to Buyers’ knowledge, each of the Licensed Parties’ directors, officers, key employees and Persons performing management functions similar to officers and partners, holds all permits, registrations, findings of suitability, licenses, variances, exemptions, certificates of occupancy, orders and approvals of all Governmental Entities under the Gaming Regulations necessary to conduct the business and operations of the Licensed Parties as currently conducted, each of which is in full force and effect in all material respects (the “Buyer Permits”) and no event has occurred which permits, or upon the giving of notice or passage of time or both would permit, revocation, non-renewal, modification, suspension, limitation or termination of any Buyer Permit that currently is in effect, the loss of which either, individually or in the aggregate, would not be reasonably likely to materially impair or delay the Closing. Each of the Licensed Parties, and to the knowledge of Buyers, each of the Licensed Parties’ directors, officers, key employees and Persons performing management functions similar to officers and partners, is in compliance with the terms of the Buyer Permits, except for such failures to comply, which singly or in the aggregate, would not, individually or in the aggregate, be reasonably likely to materially impair or delay the Closing. Neither Buyers nor any of their respective Licensing Affiliates have received notice of any investigation or review by any Governmental Entity under any Gaming Regulation with respect to Buyers or any of their respective Licensing Affiliates that is pending, and, to the knowledge of Buyers, no investigation or review is threatened, nor has any Governmental Entity indicated any intention to conduct the same, other than those the outcome of which would not impair or delay the Closing.
Compliance with Gaming Regulations. The Underwriters agree to use reasonable commercial efforts to provide all information related to any Offering, the investors in such Offering and such other additional information that is specifically requested by a Gaming Authority or the Company solely in order to comply with the Company’s regulatory reporting and other regulatory obligations owed to any Gaming Authority. For purposes hereof “Gaming Authority” means, collectively or individually, those national, federal, state, local and other governmental, regulatory and administrative authorities, agencies, commissions, boards, bodies and officials responsible for or involved in the regulation of gambling or gambling-related activities.
Compliance with Gaming Regulations. Secured Party acknowledges that the business operations of Gemini are regulated by the laws, rules and regulations of the State of Colorado and the Colorado Division of Gaming (hereafter collectively the “Gaming Laws”), and the rights of Secured Party with respect to the Collateral are subject in all respects to compliance with the Gaming Laws. As a result, the provisions of this Section 8 defining the rights of Secured Party in the event of Gemini’s default are qualified in their entirety and subject to such restrictions, limitations and proscriptions that may become operative by virtue of the application of the Gaming Laws to the remedies available to Secured Party by virtue of this Agreement or the Uniform Commercial Code of the State of Colorado.
