Expenditures Required for Compliance with Law Sample Clauses

Expenditures Required for Compliance with Law. Without limiting the generality of this Article VII, if at any time during the Term of this Agreement repairs, additions, changes or corrections in the Facility of any nature shall be required by reason of any Governmental Requirements now or hereafter in force, such repairs, additions, changes or corrections shall be made at the direction of Manager and shall be paid for by Owner. Manager shall inform Owner of the existence of any Governmental Requirements which require expenditures under this Section 5.23 as soon as practicable after learning of such Governmental Requirements and the repairs, additions, changes or corrections which Manager believes are required to be made and the estimated expenditures to be incurred. If compliance with any Governmental Requirements that are the subject of this Section 5.23 will require expenditures which will make the continued operation of the Facility uneconomical to Owner, Owner shall have the right to cease operating the Facility (to the extent the cessation of Facility operations will not result in any material liability to Manager) and in connection therewith, to terminate this Agreement, which termination shall not constitute a Default by Owner hereunder. In the event Owner reopens the Facility or the Casino at a site different from the Site within three hundred sixty-five (365) days after so ceasing operations, Manager shall have the option to be reinstated and resume as Manager in accordance with the terms of this Agreement.
Sample 1
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Expenditures Required for Compliance with Law. In the event, at any time during the Term of this Agreement, repairs, additions, changes, or corrections in the F/B Premises of any nature shall be required by reason of any laws, ordinances, rules, or governmental regulations now or hereafter in force, or by order of any governmental or municipal power, department, agency, authority, or officer, Troon shall consult with City with respect to such repairs pursuant to Section 3.4 of the Management Agreement and any repairs of an emergency nature shall be handled in accordance with Section 3.4(d) of the Management Agreement.
Sample 1
Expenditures Required for Compliance with Law. Without limiting the generality of this Section 5, if at any time during the Term of this Agreement repairs, additions, changes or corrections in the Facility of any nature shall be required by reason of Governmental Requirements, such repairs, additions, changes or corrections shall be made at the direction of Manager and shall be paid for by Owner. Manager shall inform Owner of the existence of any Governmental Requirements which require expenditures under this Section 5.4 as soon as practicable after learning of such Governmental Requirements and the repairs, additions, changes or corrections which Manager believes are required to be made and the estimated expenditures to be incurred. Owner and Manager shall agree upon the work to be performed and the schedule for its implementation. Owner shall have the right to contest the validity or application of any Governmental Requirements provided that such contest does not subject Manager to risk of any material liability and does not result in the suspension or a material limitation of the operations of the Facility. *****CONFIDENTIAL TREATMENT REQUESTED*****
Sample 1
Expenditures Required for Compliance with Law. In the event that at any time during the Term of this Agreement repairs, additions, changes or corrections in the Improvements of any nature shall be required by reason of any laws, ordinances, rules or regulations now or hereafter in force, or by order of any governmental or municipal power, department, agency, authority or officer, such repairs, additions, changes or corrections shall be made at the direction of Operator, and shall be paid for by Owner. Any such repairs, additions, changes or corrections, to the extent practicable, shall be accomplished with as little hindrance to the operation of the Improvements as possible.
Sample 1
Expenditures Required for Compliance with Law. Without limiting the generality of this Article 6, if at any time during the Term of this Agreement repairs, additions, changes or corrections in the Project of any nature shall be required by reason of any Law now or hereafter in force, such repairs, additions, changes or corrections shall be made at the direction of Operator with NYRA’s approval (which shall not be unreasonably withheld or delayed) and shall be paid for as Operating Expenses or Capital Expenditure Budget items, as applicable.
Sample 1

Related to Expenditures Required for Compliance with Law

  • Compliance with Laws, Etc Comply, and cause each of its Subsidiaries to comply with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and Environmental Laws, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  • Compliance with Law (i) Neither the Assuming Institution nor any of its Subsidiaries is in violation of any statute, regulation, order, decision, judgment or decree of, or any restriction imposed by, the United States of America, any State, municipality or other political subdivision or any agency of any of the foregoing, or any court or other tribunal having jurisdiction over the Assuming Institution or any of its Subsidiaries or any assets of any such Person, or any foreign government or agency thereof having such jurisdiction, with respect to the conduct of the business of the Assuming Institution or of any of its Subsidiaries, or the ownership of the properties of the Assuming Institution or any of its Subsidiaries, which, either individually or in the aggregate with all other such violations, would materially and adversely affect the business, operations or condition (financial or otherwise) of the Assuming Institution or the ability of the Assuming Institution to perform, satisfy or observe any obligation or condition under this Agreement.

  • Compliance with Legal Requirements The grant and exercise of the Option, and any other obligations of the Company under this Agreement shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may be required. The Committee, in its sole discretion, may postpone the issuance or delivery of Shares as the Committee may consider appropriate and may require Participant to make such representations and furnish such information as it may consider appropriate in connection with the issuance or delivery of the Shares in compliance with applicable laws, rules and regulations.

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