Common use of Gaming Law Clause in Contracts

Gaming Law. (a) This Agreement and the other Loan Documents are subject to the Gaming Laws and the laws involving the sale, distribution and possession of alcoholic beverages (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent, the Lenders and participants acknowledges that (i) it is subject to being called forward by the Gaming Authorities or Governmental Authorities enforcing the Liquor Laws (each a “Liquor Authority”), in the discretion of each of them, for licensing or a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers under this Agreement and the other Loan Documents, including with respect to the entry into and ownership and operation of the Gaming Facilities, and the possession or control of gaming equipment, alcoholic beverages or a gaming or liquor license, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite Governmental Authorities. (b) Each Creditor Party agrees to cooperate with the Gaming Authority or Liquor Authority (or, in each case, to be subject to Section 11.13) in connection with the provisions of such documents or other information as may be requested by such Gaming Authority or Liquor Authority relating to any Company Party or to the Loan Documents. (c) Notwithstanding anything to the contrary herein and in the other Loan Documents, (i) any restriction on the transfer of any Equity Interests of any Loan Party that is licensed by or registered with the Mississippi Gaming Commission is not effective until such restriction has been approved by the Mississippi Gaming Commission and (ii) the pledge of any Equity Interests of any Loan Party that is licensed by or registered with the Nevada Gaming Commission is not effective until such pledge has been approved by the Nevada Gaming Commission.

Gaming Law. (a) This Agreement and the other Loan Documents are subject to the Gaming Laws and the laws involving the sale, distribution and possession of alcoholic beverages (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent, the Lenders and participants acknowledges that (i) it is subject to being called forward by the Gaming Authorities or Governmental Authorities enforcing the Liquor Laws (each a “Liquor Authority”), in the discretion of each of them, for licensing or a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers under this Agreement and the other Loan Documents, including with respect to the entry into and ownership and operation of the Gaming Facilities, and the possession or control of gaming equipment, alcoholic beverages or a gaming or liquor license, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite Governmental Authorities. (b) Each Creditor Party agrees to cooperate with the Gaming Authority or Liquor Authority (or, in each case, to be subject to Section 11.13) in connection with the provisions of such documents or other information as may be requested by such Gaming Authority or Liquor Authority relating to any Company Party or to the Loan Documents. (c) Notwithstanding anything to the contrary herein and in the other Loan Documents, (i) the pledge of, or any restriction on the transfer of of, any Equity Interests of any Loan Party that is licensed by or registered with the Mississippi Gaming Commission is not effective until such pledge or restriction has been approved by the Mississippi Gaming Commission, (ii) the pledge of any Equity Interests of any Loan Party that holds a casino license issued by the New Jersey Casino Control Commission is not effective until five Business Days after the New Jersey Casino Control Commission receives notice from the casino licensee of such pledge, unless within the five Business Day period, the New Jersey Casino Control Commission disapproves of such pledge, (iii) the pledge of any Equity Interests of any Loan Party that is licensed by or registered with the New York State Gaming Commission is not effective until such pledge has been approved by the New York State Gaming Commission and (iiiv) the pledge of any Equity Interests of any Loan Party that is licensed by or registered with the Nevada Gaming Commission is not effective until such pledge has been approved by the Nevada Gaming Commission.

Gaming Law. (a) This Agreement and the other Loan Documents are subject to the Gaming Laws and the laws involving the sale, distribution and possession of alcoholic beverages (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent, the Lenders and participants acknowledges that (i) it is subject to being called forward by the Gaming Authorities or Governmental Authorities enforcing the Liquor Laws (each a “Liquor Authority”), in the discretion of each of them, for licensing or a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers under this Agreement and the other Loan Documents, including with respect to the entry into and ownership and operation of the Gaming Facilities, and the possession or control of gaming equipment, alcoholic beverages or a gaming or liquor license, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite Governmental Authorities. (b) . Each Creditor Party agrees to cooperate with the Gaming Authority or Liquor Authority (or, in each case, to be subject to Section 11.13) in connection with the provisions of such documents or other information as may be requested by such Gaming Authority or Liquor Authority relating to any Company Party or to the Loan Documents. (c) . Notwithstanding anything to the contrary herein and in the other Loan Documents, (i) any restriction on the transfer of any Equity Interests of any Loan Party that is licensed by or registered with the Mississippi Gaming Commission is not effective until such restriction has been approved by the Mississippi Gaming Commission and (ii) the pledge of any Equity Interests of any Loan Party that is licensed by or registered with the Nevada Gaming Commission is not effective until such pledge has been approved by the Nevada Gaming Commission.

Gaming Law. (a) This Agreement and the other Loan Documents are subject to the applicable Gaming Laws and the laws involving the sale, distribution and possession of alcoholic beverages beverages, including, without limitation, beer, wine and liquor (the “Liquor Laws”). Without limiting the foregoing, each of the Administrative Agent, the Collateral Agent, the Lenders and participants acknowledges that (i) it is subject to being called forward required by the relevant Gaming Authorities or Governmental Authorities enforcing the Liquor Laws (each a “Liquor Authority”)Authorities, in the discretion of each of them, for licensing to be licensed or a finding of suitability found suitable or to file or provide other information, and (ii) all rights, remedies and powers under this Agreement and the other Loan Documents, including with respect to the entry into and ownership and operation of the Gaming Facilities, and the possession or control of gaming equipment, alcoholic beverages beverages, Gaming Approval or a gaming or liquor licenseLiquor License, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite Governmental Gaming Authorities or Liquor Authorities, as applicable. (b) Each Creditor Party agrees to cooperate with the Gaming Authority or Liquor Authority (or, in each case, to be subject to Section 11.13) in connection with the provisions of such documents or other information as may be requested by such Gaming Authority or Liquor Authority relating to any Company Borrower Party or to the Loan Documents. (c) Notwithstanding anything to the contrary herein and in the other Loan Documentsherein, (i) any restriction on the transfer of any Equity Interests of any Loan Party that is licensed by or registered with the Mississippi Gaming Commission is not effective until such restriction has been approved by the Mississippi Gaming Commission and (ii) the pledge of any Equity Interests of any Loan Party that is licensed by or registered with the Nevada Maryland Lottery and Gaming Control Commission is not effective until such pledge has been approved by the Nevada Maryland Lottery and Gaming Control Commission. Each Loan Party for which this Section 11.20(c) applies shall, at its own expense, promptly apply for and thereafter diligently pursue the requisite approval by the Maryland Lottery and Gaming Control Commission. (d) Notwithstanding anything to the contrary herein, neither this Agreement nor any of the other Loan Documents: (i) create any property right in the video lottery operation license awarded and/or issued to Borrower and/or any other license awarded and/or issued under MD Code, State Government, §9-1A-01 et seq.; (ii) accrue any monetary value to the privilege of participation in video lottery; or (iii) transfer any license issued under MD Code, State Government, §9-1A-01 et seq., including, for the avoidance of doubt, the video lottery operation license awarded and/or issued to Borrower. Notwithstanding anything to the contrary in this Agreement or any of the other Loan Documents, the participation in video lottery operations shall be conditioned solely on the continuing individual qualifications of the Person who seeks the privilege.