Complimentaries. Seller is not committed to any complimentary arrangement for food or beverage for any guest or client of the Business as of the Closing Date, or for any period thereafter, except in accordance with prior practices.
Complimentaries. Comply with, administer and implement Owner’s policy regarding complimentary rooms, food and beverage and other complimentary items in operating the Resort;
Complimentaries. None of the Company or any of its Subsidiaries is committed to any material complimentary arrangement for food or beverage for any of its guests or clients as of the Closing Date or for any period thereafter which has not been taken into account in determining its “current liabilities,” as determined in accordance with GAAP consistently applied and except in accordance with its prior practices.
Complimentaries. The Company is not committed to any material complimentary arrangement for food or beverage for any of its guests or clients which has not been taken into account in determining its “current liabilities,” as determined in accordance with GAAP consistently applied.
Complimentaries. IWRA is not committed to any complimentary arrangement for food or beverage for any guest or client as of the Closing Date or any period thereafter which has not been taken into account in determining its "current liabilities," as determined in accordance with generally accepted accounting principles consistent with IWRA's past practice.
Complimentaries. Landlord may desire to provide designated Hotel guests with complimentary food and beverages ("Complimentaries") at the Premises. From time to time Landlord and Tenant shall develop procedures for authorization of Complimentaries and for reimbursement by Landlord of sixty-five percent (65%) of the full retail cost for the first $500,000 of Complimentaries in any Lease Year; seventy percent (70%) of full retail cost for Complimentaries in excess of $500,000, up to $600,000, in any Lease Year; seventy-five percent (75%) of full retail cost for Complimentaries in excess of $600,000, up to $700,000, in any Lease Year; eighty percent (80%) of full retail cost for Complimentaries in excess of $700,000, up to $900,000, in any Lease Year; eighty-three percent (83%) of full retail cost for Complimentaries in excess of $900,000, up to $1,200,000, in any Lease Year and one hundred percent (100%) of full retail cost for Complimentaries in excess of $1,200,000, and Complimentaries in excess of $1,200,000 shall be included in the computation of Gross Sales. Tenant recognizes that Landlord is not responsible for the payment of gratuities on Complimentaries. Landlord agrees to pay to Tenant any gratuities with respect to Complimentaries which are charged by customers to their Hotel guest accounts as provided in Section 5.2 and 5.3 above. In addition to the foregoing, Landlord may request Tenant to provide complimentary food and beverages, in an amount not exceeding $1,000 in value in any month (on a noncumulative basis), to persons other than Hotel guests or casino patrons; Landlord shall not be obligated to reimburse Tenant for the cost of such meals, and the value of such meals shall not be included in Gross Sales. In the event Tenant desires to provide complimentary food and/or beverages to any of its guests, Tenant shall be responsible for payment of the full retail value thereof in excess of One Thousand Dollars ($1,000) per month and the same shall be included in computation of Gross Sales. However, there shall not be included in Gross Sales: the value of complimentary items furnished by Tenant as part of a meal which is included in Gross Sales; or amounts deducted from meal checks in response to customer dissatisfaction.
Complimentaries. Seller is not committed to any complimentary arrangement for food, beverage, room or other credits for any guest or client of the Business, other than as entered into in the ordinary course of business or as set forth in Section 3.19 of the Disclosure Schedule.
Complimentaries any goods or services (other than any Gaming incentive, such as match play coupons, promotional chips or other Gaming promotions) provided to customers free of charge, at a discounted rate or in the form of a rebate or credit. Such goods or services may include, for example, rooms, food and beverage, spa services and retail merchandise. Complimentaries may be provided to customers pursuant to a discretionary incentive program, targeted to either past, current or potential customers and may or may not be related to the customer’s level of past play so long as the same are provided on substantially the same basis as provided at Other Managed Resorts. Conversely, Complimentaries may be provided to customers pursuant to a nondiscretionary incentive program, such as a loyalty program, whereby the customer has earned the Complimentaries based on the customer’s level of past play. Condemnation – a taking of all or any portion of the Manager Operated Areas by any Governmental Authority by condemnation or power of eminent domain for any purpose whatsoever, and a conveyance by Tenant in lieu or under threat of such taking.
Complimentaries. (a) Manager acknowledges and agrees that Owner, Hotel Operator, or their respective designees may provide designated persons with discounted or complimentary food and beverages (the “Owner Complimentaries”) at or in connection with the Venues. Owner shall, from time to time, develop reasonable policies and procedures for the authorization, processing and administration of Owner Complimentaries. Owner may, in its sole discretion, provide Owner Complimentaries to a Hotel guest upon such guest’s checking out of the Hotel for items from the Venues already charged to such guest’s room charges, in which case the resulting deductions from Room Charges will be treated as Owner Complimentaries for all purposes of this Agreement.
(b) Subject to and in accordance with the applicable approved Annual Plan, Manager may provide complimentaries and discounts for purposes of business promotion and patron goodwill (the “Manager Complimentaries”). Except as may be otherwise approved by Owner in writing, the amount of any Manager Complimentaries shall not exceed the amount set forth for the same in the applicable approved Annual Plan, it being understood that Manager Complimentaries are recorded as an expense representing the cost of goods of the Manager Complimentaries. If the amount of Manager Complimentaries granted by Manager in any Operating Year exceeds the amount set forth in the applicable approved Annual Plan for such Operating Year, the Operating Revenue for such Operating Year shall be reduced for all purposes hereunder by the cost of goods of all Manager Complimentaries in excess of the amount set forth in the applicable approved Annual Plan. Manager Complimentaries shall not be included in Operating Revenue for any purpose hereunder. Manager Complimentaries shall be subject to Owner and/or Hotel Operator’s standard procedures and policies regarding complimentaries, as the same may exist from time to time.
(c) All Owner Complimentaries and Manager Complimentaries shall be subject to this Agreement (including without limitation in connection with the calculation of Operating Revenues) and Owner’s and/or Hotel Operator’s standard procedures and policies regarding complimentaries, as the same may exist from time to time.
Complimentaries. A. Landlord may desire to provide designated Hotel Complex guests with complimentary services, admissions, merchandise, food and/or beverages (“Complimentaries”) at the Premises. From time to time Landlord and Tenant shall develop procedures for authorization of complimentaries and for reimbursement by Landlord of Eighty Five percent (85%) of the full retail cost thereof, and the discount off the retail cost shall not be included in the computation of Gross Sales. Landlord and Tenant shall also develop procedures related to the reimbursement, and the amount thereof, as to any related gratuities. In the event Tenant desires to provide complimentary services, admissions, merchandise, food and/or beverages to any of Tenant’s guests in excess of One Hundred Thousand Dollars ($100,000.00) per Lease Year and subject to adjustment upon each Adjustment Date for any changes in the Consumer Price Index in the same manner as provided in Section 4.1A above, Tenant shall be responsible for payment of the full retail value thereof and the same shall be included in the computation of Gross Sales.
