Common use of Gaming Laws and Regulations Clause in Contracts

Gaming Laws and Regulations. Each Issuer acknowledges that, to the --------------------------- extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of remedies hereunder may be subject to the Colorado Limited Gaming Act and the regulations promulgated pursuant to each such law, all as amended from time to time. The parties hereto further acknowledge that the Gaming License held by the Issuers is not part of the collateral of this Assignment and that, under the above described legislation and rules promulgated thereunder, the Trustee may be precluded from or otherwise limited in taking possession of or in selling the collateral of this Assignment under the Defaults and Remedies provisions of this Assignment. The parties hereto also acknowledge that due to various legal restrictions, including, without limitation, licensing of operators of gaming facilities and prior approval of the sale or disposition of assets of a licensed gaming operation, the sale of collateral may be denied by Gaming Authorities or delayed pending approval of Gaming Authorities.

Gaming Laws and Regulations. Each Issuer The Company acknowledges that, to the --------------------------- extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of remedies hereunder may be subject to the Colorado Limited Gaming Act and the regulations promulgated pursuant to each such law, all as amended from time to time. The parties hereto further acknowledge that the Gaming License held by the Issuers Company is not part of the collateral of this Assignment and that, under the above described legislation and rules promulgated thereunder, the Trustee may be precluded from or otherwise limited in taking possession of or in selling the collateral of this Assignment under the Defaults rights and Remedies remedies provisions of this AssignmentAssignment and the other Transaction Documents. The parties hereto also acknowledge that due to various legal restrictions, including, including without limitation, limitation licensing of operators of gaming facilities and prior approval of the sale or disposition of assets of a licensed gaming operation, the sale of collateral may be denied by Gaming Authorities or delayed pending approval of Gaming Authorities.

Gaming Laws and Regulations. Each Issuer The Company acknowledges that, to the --------------------------- extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of remedies hereunder may be subject to the Colorado Limited Gaming Act and the regulations promulgated pursuant to each such law, all as amended from time to time. The parties hereto further acknowledge that the Gaming License held by the Issuers Company is not part of the collateral of this Assignment and that, under the above described legislation and rules promulgated thereunder, the Trustee Lender may be precluded from or otherwise limited in taking possession of or in selling the collateral of this Assignment under the Defaults rights and Remedies remedies provisions of this AssignmentHyatt Gaming Collateral Assignment and the other Transaction Documents. The parties hereto also acknowledge that due to various legal restrictions, including, without limitation, licensing of operators of gaming facilities and prior approval of the sale or disposition of assets of a licensed gaming operation, the sale of collateral may be denied by Gaming Authorities or delayed pending approval of Gaming Authorities.

Gaming Laws and Regulations. Each Issuer The Company acknowledges that, to the --------------------------- extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of remedies hereunder may be subject to the Colorado Limited Gaming Act and the regulations promulgated pursuant to each such law, all as amended from time to time. The parties hereto further acknowledge that the Gaming License held by the Issuers Company is not part of the collateral of this Assignment and that, under the above described legislation and rules promulgated thereunder, the Trustee may be precluded from or otherwise limited in taking possession of or in selling the collateral of this Assignment under the Defaults rights and Remedies remedies provisions of this AssignmentAssignment and the other Transaction Documents. The parties hereto also acknowledge that due to various legal restrictions, including, without limitation, licensing of operators of gaming facilities and prior approval of the sale or disposition of assets of a licensed gaming operation, the sale of collateral may be denied by Gaming Authorities or delayed pending approval of Gaming Authorities.