Destruction of Chips Sample Clauses

Destruction of Chips. Pursuant to the Indiana, Mississippi and New Jersey Gaming Regulations, each Seller shall, at least thirty (30) days prior to the Closing, submit for approval of the all applicable Gaming Authorities a plan for the redemption and destruction of all chips, tokens and plaquemines at its Property (both as of the Closing Date and at the conclusion of the redemption period provided in Section 8.12(f) below). Buyer agrees to cooperate fully with the applicable Seller in effectuating the plan that is approved by the Gaming Authorities.
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Destruction of Chips. Pursuant to the State of Louisiana Gaming Regulations, the Partnership shall, at least thirty (30) days prior to Closing, submit for approval of the Louisiana State Police, Casino Gaming Division (the “Casino Gaming Division”) a plan for the redemption and destruction of all chips, tokens and plaquemines at the Hotel/Casino (both as of the Closing Date and at the conclusion of the redemption period provided in the following paragraph). Buyer agrees to cooperate fully with the Partnership in effectuating the plan that is approved by the Casino Gaming Division.
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Destruction of Chips. Upon the expiration or earlier termination of the License Agreement, Buyer will (i) cease to issue or use and will not reissue or reuse any of Seller’s gaming chips, tokens or plaquemines and (ii) be solely responsible and liable for compliance with applicable Louisiana Gaming Regulations or other Gaming Laws, including any obligation to destroy such gaming chips, tokens or plaquemines.
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Destruction of Chips. Pursuant to the State of Nevada Gaming Regulations, Coast shall, at least thirty (30) days prior to Closing, submit for approval of a plan for the redemption and destruction of all chips, tokens and plaquemines at the Barbary Coast (both as of the Closing Date and at the conclusion of the redemption period provided in Section 7.22). Xxxxxx'x agrees to cooperate fully with Coast in effectuating the plan that is approved pursuant to the State of Nevada Gaming Regulations.
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Destruction of Chips. From and after (i) the date that is one hundred eighty (180) days after the Closing Date, Purchaser shall cease to issue or use and shall not reissue or reuse any of the Company’s gaming chips, tokens or plaquemines and (ii) the Closing Date, Purchaser shall be solely responsible and liable for compliance with all applicable Gaming Laws or any applicable Order with respect to any of the Company’s gaming chips, tokens or plaquemines. During the one hundred eighty (180) period described in clause (i) of the immediately preceding sentence, Purchaser shall (a) redeem all of the Company’s gaming chips, tokens and plaquemines pursuant to a plan of redemption of discontinued chips, tokens or plaquemines approved by the Gaming Authorities, and (b) destroy all of the Company’s gaming chips, tokens and plaquemines pursuant to a plan of destruction approved by the Gaming Authorities.
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Destruction of Chips. Except as otherwise provided for in the Flamingo License Agreement and applicable Gaming Laws, as of Closing, Flamingo Buyer will (i) cease to issue or use and will not reissue or reuse any of Flamingo’s gaming chips, tokens or plaquemines and (ii) be solely responsible and liable for compliance with applicable Gaming Laws, including any obligation to destroy such gaming chips, tokens or plaquemines.
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Destruction of Chips. Pursuant to the applicable gaming Laws, the Sellers and LRGP shall, at least thirty (30) days prior to the Closing, submit for approval of the applicable Gaming Authorities a plan for the redemption and destruction of all chips and tokens (both as of the Closing Date and at the conclusion of the redemption period provided in Section 14.03). The Purchasers agree to cooperate fully with the Sellers and LRGP in effectuating the plan that is approved by the Gaming Authorities.
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Related to Destruction of Chips

  • DESTRUCTION OF PREMISES (A) If, during the term of this Lease, the Leased Premises are totally or partially destroyed by fire or the elements, so as to render the premises wholly unfit for occupancy, or make it impossible in the opinion of a licensed third party arbitrator knowledgeable in the child care business reasonably acceptable to Lessee and Lessor, for Lessee to conduct its business therein, then either Lessor or Lessee shall have the right to terminate this Lease from the date of such damage or destruction by giving written notice. The parties agree to use reasonable promptness to obtain the opinion of such licensed third party arbitrator. Upon the giving of such notice, Lessee shall immediately surrender the Leased Premises and all interest therein to Lessor, and in case of any such termination, Lessor may re-enter and repossess the Leased Premises and may dispossess all parties then in possession thereof. If not otherwise terminated, in the event the Leased Premises shall be repaired, restored, and rebuilt by Lessee with the use of insurance proceeds (which Lessor shall cooperate to make available), but otherwise at its own sole cost and expense, within one hundred eighty (180) days from the date of destruction (subject to force majuere as set forth in paragraph C hereof, then all rents payable by Lessee shall be abated during the period of repair and restoration to the extent Lessor shall be compensated by the proceeds of rents loss insurance. In no event shall Lessor be required to provide its own money for the repair or restoration of the Leased Premises other than the net proceeds of moneys received by it from any insurance policy or policies covering such loss or damages. Lessee shall be liable for repair of the Leased Premises with all reasonable speed, and the rents shall recommence on the date that the repairs are completed. Lessee shall be under no obligation to so repair during the last five (5) years of the term of the Lease, or as extended, but if Lessee shall desire to rebuild during the last 12 months of the Lease term, Lessor will make insurance proceeds available to rebuild the Leased Premises conditioned upon Lessee then exercising its next renewal option under the Lease. Lessor will make insurance proceeds available to rebuild the Leased Premises in the event Lessee rebuilds, except as stated above.

  • Destruction If the Demised Premises shall be partially damaged by any casualty insurable under Landlord's insurance policy, Landlord shall, upon receipt of the insurance proceeds, repair the same and the minimum rent shall be abated proportionately as to that portion of the Demised Premises rendered untenable. If the Demised Premises by reason of such occurrence are rendered wholly untenable or whether the Demised Premises are damaged or not, if all of the buildings which then comprise the Complex should be damaged to the extent of seventy-five percent or more of the then monetary value thereof, or seventy-five percent of the buildings or common areas of the Complex are damaged, whether or not the Demised Premises are damaged to such an extent that the Complex cannot, in the sole judgment of the Landlord, be operated as an integral unit, then or in any such event, Landlord may elect to repair the damage or may cancel this Lease by notice of cancellation within one hundred eighty (180) days after such event and thereupon this lease shall expire, and Tenant shall vacate and surrender the Demised Premises to Landlord. Tenant's liability for rent upon the termination of this lease shall cease as of the day following the event or damage. Unless this lease is terminated by Landlord, Tenant shall hold the proceeds of all insurance carried by Tenant on its property and improvements in trust for the purpose of repair and replacement. In the event Landlord elects to repair the damage any abatement of rent shall end five days after notice by Landlord to Tenant that the Demised Premises have been repaired. If any damage is caused by the negligence of Tenant or its employees, the damages shall be repaired by Landlord, upon receipt of insurance proceeds, but there shall be no abatement of rent.

  • DESTRUCTION OR DAMAGE a. If the Premises or the portion of the Building necessary for Tenant's occupancy is damaged by fire, earthquake, act of God, the elements of other casualty, Landlord shall, subject to the provisions of this Article, promptly repair the damage, if such repairs can, in Landlord's opinion, be completed within (90) ninety days. If Landlord determines that repairs can be completed within ninety (90) days, this Lease shall remain in full force and effect, except that if such damage is not the result of the negligence or willful misconduct of Tenant or Tenant's agents, employees, contractors, licensees or invitees, the Base Rent shall be abated to the extent Tenant's use of the Premises is impaired, commencing with the date of damage and continuing until completion of the repairs required of Landlord under Section 19d.

  • Loss, Theft, Destruction or Mutilation of Warrant The Company covenants that upon receipt by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.

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