Common use of Gaming License Requirements Clause in Contracts

Gaming License Requirements. To the extent required by Gaming Laws, the Trustee will provide any applicable Gaming Authority upon its or the Company’s request with: (1) copies of all notices, reports and other written communications which the Trustee gives to Holders of Debt Securities; (2) a list of Holders of Debt Securities of each series promptly after the original issuance of such Debt Securities, eight months and two months prior to the expiration date of each then-current Gaming License held by the Company or its Subsidiaries, and upon demand; (3) notice of any Event of Default under this Indenture or of any Default, any acceleration of the indebtedness evidenced or secured hereby, the institution of any legal actions or proceedings before any court or governmental authority in respect of this Indenture and any rescission, annulment or waiver in respect of an Event of Default; (4) notice of the removal or resignation of the Trustee within five Business Days thereof; (5) notice of any transfer or assignment of rights under this Indenture (but no transfers or assignments of the Debt Securities) within five Business Days thereof; and (6) a copy of any amendment to the Debt Securities of any series or this Indenture within five Business Days of the effectiveness thereof. The notice specified in clause (3) above shall be in writing and, except as set forth below, shall be given within five Business Days after the Trustee has transmitted the notice required by Section 7.02. In the case of any notice in respect of any Event of Default, such Notice shall be accompanied by a copy of any notice from the Holders of the Debt Securities of the applicable series, or a representative thereof or the Trustee, to the Company and, if accompanied by any such notice to the Company, shall be given simultaneously with the giving of any such notice to the Company. In the case of any legal actions or proceedings, such notice shall be accompanied by a copy of the complaint or other initial pleading or document. The Trustee shall in accordance with the limitations set forth herein cooperate with any applicable Gaming Authority in order to provide such Gaming Authority with information and documentation relevant to compliance with clause (3) above and as otherwise required by any applicable Gaming Laws. The Company will advise the Trustee in writing of the expiration date of any then-current Gaming License held by the Company or its Subsidiaries at least nine months prior to the expiration thereof and the Trustee until so advised may assume that such Gaming License has not expired.

Appears in 3 contracts

Samples: Indenture (Ramparts, Inc.), Indenture (MGM Mirage), Indenture (MRG Vegas Portal, Inc.)

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Gaming License Requirements. To the extent required by Gaming Laws, the Trustee will provide any applicable Gaming Authority upon its or the Company’s request with: (1) copies of all notices, reports and other written communications which the Trustee gives to Holders holders of Debt SecuritiesNotes; (2) a list of Holders holders of Debt Securities of each series Notes promptly after the original issuance of such Debt Securitiesthe Notes, eight months and two months prior to the expiration date of each then-current Gaming License held by the Company or its Subsidiaries, and upon demand; (3) notice of any Event of Default under this Indenture or of any Default, any acceleration of the indebtedness evidenced or secured hereby, the institution of any legal actions or proceedings before any court or governmental authority in respect of this Indenture and any rescission, annulment or waiver in respect of an Event of Default; (4) notice of the removal or resignation of the Trustee within five Business Days thereof; (5) notice of any transfer or assignment of rights under this Indenture (but no transfers or assignments of the Debt SecuritiesNotes) within five Business Days thereof; and (6) a copy of any amendment to the Debt Securities of any series Notes or this Indenture within five Business Days of the effectiveness thereof. The notice specified in clause (3) above shall be in writing and, except as set forth below, shall be given within five Business Days after the Trustee has transmitted the notice required by Section 7.026.2. In the case of any notice in respect of any Event of Default, such Notice shall be accompanied by a copy of any notice from the Holders holders of the Debt Securities of the applicable seriesNotes, or a representative thereof or the Trustee, to the Company and, if accompanied by any such notice to the Company, shall be given simultaneously with the giving of any such notice to the Company. In the case of any legal actions or proceedings, such notice shall be accompanied by a copy of the complaint or other initial pleading or document. The Trustee shall in accordance with the limitations set forth herein cooperate with any applicable Gaming Authority in order to provide such Gaming Authority with information and documentation relevant to compliance with clause (3) above and as otherwise required by any applicable Gaming Laws. The Company will advise the Trustee in writing of the expiration date of any then-current Gaming License held by the Company or its Subsidiaries at least nine months prior to the expiration thereof and the Trustee until so advised may assume that such Gaming License has not expired.

Appears in 2 contracts

Samples: Indenture (MGM Mirage), Indenture (MGM Mirage)

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Gaming License Requirements. To the extent required by Gaming Laws, the The Trustee will provide any applicable Gaming Authority upon its or the Company’s request with: (1) copies of all notices, reports and other written communications which the Trustee gives to Holders of Debt SecuritiesHolders; (2) a list of Holders of Debt Securities of each series promptly after the original issuance of such Debt Securities, the Securities and a list of Holders eight months and two months prior to the expiration date of each then-current Gaming License held by the Company or its Subsidiaries, and upon demand; (3) notice of any Event of Default under this Indenture or of any Default, any acceleration of the indebtedness Indebtedness evidenced or secured hereby, the institution of any legal actions or proceedings before any court or governmental authority in respect of this Indenture or the Collateral Documents, the entering into or taking possession of any property constituting the Collateral and any rescission, annulment or waiver in respect of an Event of Default; (4) notice of the removal or resignation of the Trustee within five Business Days thereof; (5) notice of any transfer or assignment of rights under this Indenture (but no transfers or assignments of the Debt Securities) or the Collateral Documents within five Business Days thereof; and (6) a copy of any amendment to the Debt Securities of any series or Securities, this Indenture or the Collateral Documents within five Business Days of the effectiveness thereof. The notice specified in clause (3) above shall be in writing and, except as set forth below, shall be given within five Business Days after the Trustee has transmitted the notice required by Section 7.028.5. In the case of any notice in respect of any Event of Default, such Notice notice shall be accompanied by a copy of any notice from the Holders of the Debt Securities of the applicable seriesHolders, or a representative thereof or the Trustee, to the Company defaulting Person and, if accompanied by any such notice to the Companydefaulting Person, shall be given simultaneously with the giving of any such notice to the Companydefaulting Person. In the case of any legal actions or proceedings, such notice shall be accompanied by a copy of the complaint or other initial pleading or document. The Trustee shall in accordance with the limitations set forth herein cooperate with any applicable Gaming Authority in order to provide such Gaming Authority with information and documentation relevant to compliance with clause (3) above and as otherwise required by any applicable Gaming Lawsgaming law. The Company Issuers will advise the Trustee in writing of the expiration date of any then-current Gaming License held by the Company or its Subsidiaries Partnership at least nine months prior to the expiration thereof and the Trustee until so advised may assume that such Gaming License has not expired.

Appears in 2 contracts

Samples: Indenture (Trump Communications LLC), Indenture (Trump Atlantic City Funding Iii Inc)

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