Common use of Destruction of Chips Clause in Contracts

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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Harrahs Entertainment Inc), Asset Purchase Agreement (Caesars Entertainment Inc)

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Destruction of Chips. Pursuant to the Indiana, Mississippi and New Jersey Indiana 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, chips and 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) 4.18 below). Buyer EXECUTION COPY Purchaser agrees to cooperate fully with the applicable Seller in effectuating the plan that is approved by the Gaming Authorities.

Appears in 1 contract

Samples: Stock Purchase Agreement (Majestic Star Casino LLC)

Destruction of Chips. Pursuant to the Indiana, Mississippi and New Jersey Gaming Regulations, each Seller Sellers shall, at least thirty (30) days prior to the Closing, or such other period as specifically authorized by the applicable Gaming Authorities, submit for approval of the to all applicable Gaming Authorities a plan for the redemption and destruction of all chips, tokens and plaquemines at its Property the Casino (both as of the Closing Date and at the conclusion of the redemption period provided in Section 8.12(f) below6.8). Buyer agrees Buyers agree to cooperate fully with the applicable Seller Sellers in effectuating the plan that is approved by the Gaming Authorities.

Appears in 1 contract

Samples: Purchase Agreement (Isle of Capri Casinos Inc)

Destruction of Chips. Pursuant to the Indiana, Mississippi and New Jersey Indiana Gaming Regulations, each Seller shall, at least thirty (30) days prior to the Closing, or such other period as specifically authorized by the applicable Gaming Authorities, submit for approval of the to all applicable Gaming Authorities a plan for the redemption and destruction of all chips, slot tickets, 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)Property. Buyer agrees to cooperate fully with the applicable Seller in effectuating the plan that is approved by the Gaming Authorities.

Appears in 1 contract

Samples: Purchase Agreement (Ameristar Casinos Inc)

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Destruction of Chips. Pursuant to the Indiana, Mississippi and New Jersey Indiana 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, chips and 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) 4.18 below). Buyer Purchaser agrees to cooperate fully with the applicable Seller in effectuating the plan that is approved by the Gaming Authorities.

Appears in 1 contract

Samples: Stock Purchase Agreement (Trump Entertainment Resorts Funding Inc)

Destruction of Chips. Pursuant If required pursuant to the IndianaGaming Laws, Mississippi and New Jersey Gaming Regulations, each Seller shall, at least thirty (30) days prior to the Closing, or such other period as specifically authorized by the applicable Gaming Authorities, submit for approval of the to 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)Biloxi Property. Buyer agrees and Seller agree to cooperate fully with the applicable Seller each other in effectuating the plan that is approved by the Gaming Authorities.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Leucadia National Corp)

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