Gaming Licenses. The Parties agree that this Agreement and all other agreements contemplated herein shall be executed only after receipt of all required approvals and authorizations, if any, by all applicable Gaming Authorities. Tenant, at its expense, during the Term shall take such commercially reasonable actions as may be reasonably required to obtain and maintain such required approvals or authorizations from the applicable Governmental Authorities to make effective this Agreement as and if required by Applicable Law and permit Tenant to make the payments required to be made to Manager under this Agreement and all related agreements; provided that Manager, at Manager’s expense, during the Term shall maintain such license(s) or qualification(s) applicable to Manager as may be required by applicable Gaming Authorities. Manager shall have the right, at its expense, to participate in all phases of the approval or authorization process. The Parties shall cooperate in all such undertakings or dealings with Gaming Authorities, and Tenant shall provide reasonable notice to Manager (and, if Landlord is requested to attend, to Landlord) prior to all meetings with any Gaming Authority for such purpose. Each of Manager and Tenant covenants and agrees to use its best efforts to obtain and maintain all Approvals (other than such license(s) or qualification(s) applicable to the other Party) required to approve Manager to Operate the Managed Facility and this Agreement.
Gaming Licenses. All licenses, permits, approvals or other authority required from the Gaming Commission to permit Lakes Consulting to enter into any of the Transaction Documents to which it is a party and perform its respective obligations thereunder have been granted.
Gaming Licenses. All licenses, permits, approvals or other authority required from the Gaming Commission to permit Lakes to enter into this Agreement and perform its obligations under this Agreement have been granted.
Gaming Licenses. The description of gaming licenses contained on Schedule 2 attached hereto shall be added to Exhibit D to the Master Lease.
Gaming Licenses. If (a) Licensee or any Sublicensee is denied or otherwise unable to obtain any necessary approval from any government regulating gaming authority (“Gaming Authorities”), or (b) any Gaming Authority prevails in any suit or proceeding against Licensee or any Sublicensee, and if the result of the foregoing clause (a) or (b) has or would have an adverse effect on Licensee or its Sublicensee (all of the foregoing such events, a “Denial”), Licensor may terminate this Agreement with respect to Licensee or such Sublicensee in connection with the Resort or other business activity that is subject to the Denial in the jurisdiction to which such Denial applies, by written notice to Licensee; provided, however, that Licensor shall have no such termination right if Licensor is primarily responsible for such Denial. Licensee and its Sublicensees shall promptly, and in all events within any time limit established by law, regulation, or such Gaming Authority, furnish each Gaming Authority any information rightfully requested by such Gaming Authority and shall otherwise reasonably cooperate with all Gaming Authorities. Licensee represents to Licensor that neither Licensee nor, to Licensee’s knowledge, any intended Sublicensee, is unwilling to file any necessary applications to obtain whatever approvals may be required of such persons or entities in connection with this Agreement. To Licensee’s knowledge, neither Licensee nor any intended Sublicensee has ever engaged in any conduct or practices that any of the foregoing persons or entities should reasonably believe would cause such person or entity to receive a Denial.
Gaming Licenses. Any and all Gaming Licenses shall have been obtained, which Gaming Licenses shall have been granted without the imposition of limitations, restrictions or conditions materially adverse to CEC, CAC or Growth Partners, and such Gaming Licenses shall be in full force and effect.
Gaming Licenses. The list of Gaming Licenses set forth on Schedule 1 annexed to the Lease is hereby amended such that the Gaming Licenses bearing Unique IDs 458 and 121 relating to the Southern Indiana Facility are hereby deleted from said Schedule 1.
Gaming Licenses. (a) Each of the Company and the Buyer shall use their best efforts, by the earlier of (i) five (5) Business Days or (ii) the amount of time prescribed by each Gaming Authority, to make any filings with or notifications to any Gaming Authority as may be required by any Gaming Authority applicable to the Company and the Buyer’s Gaming Licenses applicable to the Company the Buyer or the Contemplated Transactions. Each of the Company and the Buyer shall use their best efforts to (i) provide or cause to be provided as promptly as reasonably practicable to any Gaming Authority information and documents requested by any such Governmental Authority as necessary, proper or advisable to seek to continue the operation of their respective Gaming Licenses and to permit consummation of the Contemplated Transactions, (ii) thereafter to respond as promptly as practicable to any request for additional information or documentary material that may be made by any Gaming Authority applicable to the continued use of the Company and the Buyer’s respective Gaming Licenses, and the Contemplated Transactions and (iii) use their reasonable best efforts to take such actions as are necessary or advisable to obtain prompt approval of the consummation of the Contemplated Transactions by any Gaming Authority, and (iii) to prevent the entry of, and to have vacated, lifted, reversed or overturned, any Order by any Gaming Authority that would revoke, rescind, limit, condition, or impair any of the Gaming Licenses held by the Company and the Buyer or would otherwise prevent, prohibit, restrict or delay the consummation of the Contemplated Transactions.
(b) Each of the Company and the Buyer will consult with the other before making any filing or responding to any inquiry from a Gaming Authority. The Buyer, after consulting with the Company, shall make all decisions, lead all discussions, negotiations and other proceedings, and coordinate all activities with respect to any requests that may be made by, or any actions, consents, undertakings, approvals, or waivers that may be sought by, any Gaming Authority. The Company agrees to take such reasonable actions as are deemed prudent by the Buyer to secure needed approvals from any Gaming Authority and to prevent the imposition by any Gaming Authority of any undertaking, condition, consent decree, rescission, revocation, operational restriction, or limitation of any Gaming License or other action by any Gaming Authority that, if effected, would rea...
Gaming Licenses. (a) Schedule L contains a true, correct and complete list of all Gaming Licenses for the Properties, and the holder thereof, and each is in full force and effect and has not been amended or otherwise modified, rescinded, revoked or assigned.
(b) Each Borrower and each of their respective Affiliates are in compliance in all material respects with all such Gaming Licenses to the extent the same is applicable thereto.
(c) No event (including, without limitation, any violation of any Gaming Law) has occurred which would be reasonably likely to lead to the revocation or termination of any such Gaming License or the imposition of any material restriction thereon.
(d) Borrower has no reason to believe that any of the Casino Lessee Borrowers will not be able to maintain in effect all Gaming Licenses necessary for the lawful conduct of its business or operations wherever now conducted and as planned to be conducted, including the operation of the Casino Components, pursuant to all applicable Legal Requirements.
(e) Each Casino Lessee Borrower possesses all Gaming Licenses which are material to the conduct of its business and the use, occupation and operation of the Property.
(f) Each Casino Lessee Borrower and each of its Affiliates, their respective directors, members, managers, officers, key personnel and all Persons holding a five percent (5%) or greater equity or economic interest directly or indirectly in each Casino Lessee Borrower is in compliance in all material respects with all such Gaming Licenses.
(g) The prior consent of Gaming Authorities is not required in connection with any Assignment, Participation or other transfer of the Loan by Lender.
(h) Neither the execution, delivery or performance of any of the Loan Documents (nor the Securitization or any participations in the Loan) will, except as provided in Regulation 8.130 of the Regulations of the Nevada Gaming Commission and State Gaming Control Board with respect to renewals, changes or modifications to the Loan Documents subsequent to the Closing Date: (i) require the consent of any Gaming Authority not heretofore obtained or (ii) allow or result in the imposition of any material penalty under, or the revocation or termination of, any Gaming License or any material impairment of the rights of the holder of any Gaming License.
Gaming Licenses. Any material Gaming License is revoked, suspended, expired (without previous or concurrent renewal) or lost for more than 30 days other than as a result of any Asset Disposition made in accordance with Section 7.05 or any voluntary relinquishment that is, in the reasonable judgment of the Borrower, both desirable in the conduct of the business of the Borrower and its Subsidiaries and not disadvantageous to the Lenders in any material respect, and such revocation, suspension, expiration or loss could reasonably be expected to have a Material Adverse Effect.
