Common use of Duty of Return Clause in Contracts

Duty of Return. At the expiration of the Term or upon termination of the Lease, Lessee at its expense shall return each Unit to Lessor or its designee at the destination specified by Lessor, in accordance with appropriate gaming laws and regulations. Each Unit shall conform to all of the manufacturer's specifications and gaming laws and regulations with respect to normal function, capability, design and condition (less normal wear and tear).

Appears in 5 contracts

Samples: Master Lease Agreement (Showboat Marina Partnership), Master Lease Agreement (Santa Fe Gaming Corp), Master Lease Agreement (Santa Fe Gaming Corp)

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Duty of Return. At the expiration of the Term or upon termination of the Lease, Lessee at its expense shall return (or purchase) each Unit to Lessor or its designee at the destination specified by Lessor, in accordance with appropriate gaming laws and regulations. Each Unit shall conform to all of the manufacturer's specifications and gaming laws and regulations with respect to normal function, capability, design and condition (less normal wear and tear).

Appears in 1 contract

Samples: Master Capital Lease Agreement (Majestic Star Casino LLC)

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