Gaming Laws Sample Clauses

Gaming Laws. All rights, remedies and powers in or under this Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws.

Gaming Laws. Each of the provisions of this Agreement is subject to and shall be enforced in compliance with the Gaming Laws.

Gaming Laws. The Borrower and its Subsidiaries are in material compliance with all applicable Gaming Laws.

Gaming Laws. The rights of the Holder of this Security and any owner of any beneficial interest in this Security are subject to the gaming laws, regulations and the jurisdiction and requirements of the Gaming Authorities and the further limitations and requirements set forth in the Indenture.

Gaming Laws. (a) All rights, remedies and powers in or under this Agreement and the other Loan Documents may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws. (b) The Noteholders agree to cooperate with all Gaming Authorities in connection with the provision in a timely manner of such documents or other information as may be requested by such Gaming Authorities relating to the Loan or Loan Documents. (c) The Noteholders acknowledge and agree that if Borrower receives a notice from any applicable New Jersey Gaming Authority that any Noteholder is a disqualified holder (and such Noteholder is notified by the Borrower in writing of such disqualification), Borrower shall, following any available appeal of such determination by such Gaming Authority (unless the rules of the applicable New Jersey Gaming Authority do not permit such Noteholder to retain its Note pending appeal of such determination) have the right to (i) cause such disqualified holder to transfer and assign, without recourse, all of its interests, rights and obligations in its Note or (ii) in the event that (A) such Borrower is unable to cause such Noteholder to so assign such Note after using its best efforts to cause such an assignment and (B) no Default or Event of Default has occurred and is continuing, prepay such disqualified holder’s Note. Notice to such disqualified holder shall be given ten (10) days prior to the required date of assignment or prepayment, as the case may be, and shall be accompanied by evidence demonstrating that such transfer or prepayment is required pursuant to applicable New Jersey Gaming Laws. If reasonably requested by any such disqualified Noteholder, the Borrower will use commercially reasonable efforts to cooperate with any such Noteholder that is seeking to appeal such determination and to afford such Note holder an opportunity to participate in any proceedings relating thereto. Notwithstanding anything herein to the contrary, any prepayment of a Note shall be at a price that, unless otherwise directed by the applicable New Jersey Gaming Authority, shall be equal to the sum of the principal amount of such Note and interest to the date such Noteholder or holder became a disqualified holder (plus any fees and other amounts accrued for the account of such disqualified Noteholder to the date such Noteholder became a disqualified holder). (d) If during the existence of an Event of Default hereunder or any of ...

Gaming Laws. (a) Notwithstanding anything to the contrary in this Agreement or any other Credit Document, this Agreement and the other Credit Documents are subject to the Gaming Laws and the laws involving the sale, distribution and possession of alcoholic beverages and/or tobacco, as applicable (the “Liquor Laws”). Without limiting the foregoing, Administrative Agent, each other Agent, each Lender and each participant acknowledges that (i) it is the subject of being called forward by any Gaming Authority or any Governmental Authority enforcing the Liquor Laws (the “Liquor Authority”), in each of their discretion, 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 Credit Documents, including with respect to Pledged Collateral and 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) Notwithstanding anything to the contrary in this Agreement or any other Credit Document, Administrative Agent, each other Agent, each Lender and each participant agrees to cooperate with each Gaming Authority and each Liquor Authority (and, in each case, to be subject to Section 2.11) in connection with the administration of their regulatory jurisdiction over Borrower and the other Credit Parties, including, without limitation, the provision of such documents or other information as may be requested by any such Gaming Authorities and/or Liquor Authorities relating to Administrative Agent, any other Agent, any of the Lenders or participants, Borrower and its Subsidiaries or to the Credit Documents. (c) Notwithstanding anything to the contrary in this Agreement or any other Credit Document, to the extent any provision of this Agreement or any other Credit Document excludes any assets from the scope of the Pledged Collateral, or from any requirement to take any action to make effective or perfect any security interest in favor of Collateral Agent or any other Secured Party in the Pledged Collateral, the representations, warranties and covenants made by Borrower or any Restricted Subsidiary in this Agr...

Gaming Laws. Each Borrower is in compliance with all applicable Gaming Laws except for such non-compliance that would not constitute a Material Adverse Effect.

Gaming Laws. (a) Each Credit Party agrees that, upon the occurrence of and during the continuance of an Event of Default and at the Administrative Agent's request, it will, and will cause each of its Subsidiaries to, cooperate with the Administrative Agent and the Required Lenders with respect to the filing of their applications for approval of, and shall use commercially reasonable efforts to take all other and further actions required by the Administrative Agent or the Required Lenders to assist the Administrative Agent and the Required Lenders with obtaining, any and all such Gaming Licenses and such other approvals or consents of the Gaming Authorities and any other Governmental Authorities with jurisdiction, as are necessary for the Administrative Agent to operate the businesses of the Borrower or its Subsidiaries or to acquire an interest in any Person holding any such Gaming License pursuant to the Gaming Laws. To enforce the provisions of this Section 7.03, where permitted by relevant Gaming Laws, the Administrative Agent (subject to applicable instructions, if any, from the Required Lenders), is empowered to request the appointment of a receiver from any court of competent jurisdiction. Such receiver shall be instructed to seek from the applicable Gaming Authority and any other Governmental Authorities with jurisdiction, authorization pursuant to the Gaming Laws to continue the operation of the businesses of the Borrower and its Subsidiaries under all necessary Gaming Licenses for the purpose of seeking a bona fide purchaser of the businesses of the Borrower and its Subsidiaries. Each Credit Party hereby agrees to authorize, and to cause each of its Subsidiaries to authorize, such an authorization pursuant to the Gaming Laws to continue the operation of the businesses of the Borrower and its Subsidiaries upon the request of the receiver so appointed and, if such Credit Party, or any such Subsidiary, shall refuse to authorize the transfer, its approval may be required by the court. Upon the occurrence and continuance of an Event of Default, each Credit Party shall further use, and shall cause its Subsidiaries to use, commercially reasonable efforts to assist in obtaining approval of the applicable Gaming Authority and any other Governmental Authorities with jurisdiction, if required, for any action or transactions contemplated by this Agreement or the Credit Documents, including but not limited to, the preparation, execution, and filing with the applicable Gami...

Gaming Laws. Licensor and its affiliates are required to adhere to strict laws and regulations regarding business relationships. If at any time Licensor determines, in its sole discretion, that a business relationship with Licensee, could violate any statutes and regulations regarding prohibited relationships with gaming companies, or if Licensor s determines in good faith that it would be in its best interest to terminate its relationship with Licensee in order to protect any of its privileged gaming licenses, Licensor may immediately terminate this Agreement with no liability to Licensee. If this Agreement meets a threshold mandated by Licensor’s compliance policies, Licensee agrees to complete and submit to Licensor a “Business Information Form”, and to undergo a background investigation to comply with Licensor compliance policies.

Gaming Laws. If the Company becomes the holding company of a New Jersey casino licensee, this Indenture and the Notes will be subject to the Casino Control Act of the State of New Jersey and the rules and regulations promulgated thereunder.