Common use of Gaming Redemption Clause in Contracts

Gaming Redemption. Notwithstanding any other provision of this Indenture, if any Gaming Authority requires that a Holder or beneficial owner of Notes must be licensed, qualified or found suitable under any applicable gaming law and such Holder or beneficial owner fails to apply for a license, qualification or a finding of suitability within 30 days after being requested to do so by the Gaming Authority (or such 1esser period that may be required by such Gaming Authority), or if such Holder or such beneficial owner is not so licensed, qualified or found suitable, the Company shall have the right, at its option, (i) to require such Holder or beneficial owner to dispose of such Holders or beneficial owner’s Notes within 30 days of receipt of such notice of such finding by the applicable Gaming Authority or such earlier date as may be ordered by such Gaming Authority or (ii) to redeem the Notes of such Holder or beneficial owner at a redemption price equal to the lesser of (A) the principal amount thereof or (B) the price at which such Holder or beneficial owner acquired such Notes (in the case of (A) or (B), together with accrued and unpaid interest and Liquidated Damages, if any, thereon to the earlier of the date of redemption or such earlier date as may be required by such Gaming Authority or the date of the finding of unsuitability by such Gaming Authority, which may be less than 30 days following the notice of redemption, if so ordered by such Gaming Authority), or (C) such other amount as may be required by applicable law or by order of any Gaming Authority. The Holder or beneficial owner of Notes applying for a license, qualification or a finding of suitability with any Gaming Authority must pay all costs of the licensure or investigation for such qualification or finding of suitability. The Company shall not be required to pay or reimburse any Holder or beneficial owner of Notes who is required to apply for such license, qualification or a finding of suitability for the costs of the licensure or investigation for such qualification or finding of suitability.

Gaming Redemption. Notwithstanding any other provision the provisions of this Indenturesubparagraph (a) of Paragraph 5 above, if any Gaming Authority requires that a Holder or beneficial owner of Notes must be licensed, qualified or found suitable under any applicable gaming law and such Holder or beneficial owner fails to apply for a license, qualification or a finding of suitability within 30 days after being requested to do so by the such Gaming Authority (or such 1esser lesser period that may be required by such Gaming Authority), or if such Holder or such beneficial owner is notified by such Gaming Authority that such Holder or beneficial owner shall not be so licensed, qualified or found suitable, the Company shall have the right, at its option, (i) to require such Holder or beneficial owner to dispose of such Holders Holder's or beneficial owner’s 's Notes within 30 days of receipt of such notice of such finding by the applicable Gaming Authority (or such earlier date lesser period as may be ordered required by such Gaming Authority) of (a) the termination of the period described above for such Holder or beneficial owner to apply for a license, qualification or finding or suitability or (b) receipt of the notice from such Gaming Authority that such Holder or beneficial owner shall not be licensed, qualified or found suitable by such Gaming Authority or (ii) to redeem the Notes of such Holder or beneficial owner at a redemption price equal to the lesser of (A) the principal amount thereof or (B) the price at which such Holder or beneficial owner acquired such Notes (in the case of (A) or (B)Notes, together with with, in either case, accrued and unpaid interest Interest and Liquidated Damages, if any, thereon to the earlier of the date of redemption or such earlier date as may be required by such Gaming Authority or the date of the finding of unsuitability by such Gaming Authority, which may be less than 30 days following the notice of redemption, if so ordered by such Gaming Authority), or (C) such other amount as may be required by applicable law or by order of any Gaming Authority. The Holder or beneficial owner of Notes applying for a license, qualification or a finding of suitability with any Gaming Authority must pay all costs of the licensure or investigation for such qualification or finding of suitability. The Company shall not be required to pay or reimburse any Holder or beneficial owner of Notes who is required to apply for such license, qualification or a finding of suitability for the costs of the licensure or investigation for such qualification or finding of suitability.

Gaming Redemption. Notwithstanding any other provision of this the Indenture, if any Gaming Authority requires that a Holder or beneficial owner of Notes must be licensed, qualified or found suitable under any applicable gaming law and such Holder or beneficial owner fails to apply for a license, qualification or a finding of suitability within 30 days after being requested to do so by the Gaming Authority (or such 1esser period that may be required by such Gaming Authority), or if such Holder or such beneficial owner is not so licensed, qualified or found suitable, the Company shall have the right, at its option, (i) to require such Holder or beneficial owner to dispose of such Holders or beneficial owner’s Notes within 30 days of receipt of such notice of such finding by the applicable Gaming Authority or such earlier date as may be ordered by such Gaming Authority or (ii) to redeem the Notes of such Holder or beneficial owner at a redemption price equal to the lesser of (A) the principal amount thereof or (B) the price at which such Holder or beneficial owner acquired such Notes (in the case of (A) or (B), together with accrued and unpaid interest and Liquidated Damages, if any, thereon to the earlier of the date of redemption or such earlier date as may be required by such Gaming Authority or the date of the finding of unsuitability by such Gaming Authority, which may be less than 30 days following the notice of redemption, if so ordered by such Gaming Authority), or (C) such other amount as may be required by applicable law or by order of any Gaming Authority. The Holder or beneficial owner of Notes applying for a license, qualification or a finding of suitability with any Gaming Authority must pay all costs of the licensure or investigation for such qualification or finding of suitability. The Company shall not be required to pay or reimburse any Holder or beneficial owner of Notes who is required to apply for such license, qualification or a finding of suitability for the costs of the licensure or investigation for such qualification or finding of suitability.

Gaming Redemption. (a) Notwithstanding any other provision provisions of this IndentureArticle 3, if any Gaming Authority requires that in which the Partnership, either of its partners or any of their respective Affiliates as of the date of this Indenture conducts or, in the future conducts, directly or indirectly through a subsidiary or joint venture, gaming notifies a Holder or beneficial owner of the Notes that the Holder or beneficial owner must be licensed, qualified or found suitable under any applicable gaming law and such the Holder or beneficial owner fails to does not apply for a that license, qualification or a finding of suitability within 30 days after being requested to do so by the such Gaming Authority (or such 1esser lesser period that may be required by such Gaming Authority), ) or if such Holder or such beneficial owner is will not be so licensed, qualified or found suitablesuitable under applicable gaming law, the Company shall Issuers have the right, at its their option, (i) to require such Holder or beneficial owner to dispose of such Holders Holder’s or beneficial owner’s Notes within 30 days of receipt of such notice of such finding by the applicable Gaming Authority (or such earlier date as may be ordered required by such the applicable Gaming Authority), of (A) the termination of the 30-day period or any shorter period as may be required by a Gaming Authority, in each case as described above, for the Holder or beneficial owner to apply for a license, qualification or finding of suitability or (B) the receipt of notice from the Gaming Authority that the Holder or beneficial owner will not be licensed, qualified or found suitable or (ii) to redeem call for redemption of the Notes of such Holder or beneficial owner at a redemption price equal to (A) the lesser of (A1) 100% of the principal amount thereof or thereof, (B2) the price at which such Holder or beneficial owner acquired such the Notes (in the case of (A) or (B), together with accrued and unpaid interest and Liquidated Damages, if any, thereon to the earlier of the date of redemption or such earlier date as may be required by such Gaming Authority or the date of the finding of unsuitability by such Gaming Authority, which may be less than 30 days following the notice of redemption, if so ordered by such Gaming Authority), or (C) such other amount as may be required by applicable law or by order of any Gaming Authority. The Holder or beneficial owner of Notes applying for a license, qualification or a finding of suitability with any Gaming Authority must pay all costs of the licensure or investigation for such qualification or finding of suitability. The Company shall not be required to pay or reimburse any Holder or beneficial owner of Notes who is required to apply for such license, qualification or a finding of suitability for the costs of the licensure or investigation for such qualification or finding of suitability.and

Gaming Redemption. Notwithstanding any other provision of this Indenture, if (a) If any Gaming Authority in any jurisdiction in which the Enterprise or any of its Subsidiaries conducts gaming requires that a Holder or beneficial owner Beneficial Owner of the Notes must be licensedobtain a license, qualified qualification or found suitable finding of suitability under any applicable gaming law Gaming Laws and such the Holder or beneficial owner fails to Beneficial Owner does not apply for a license, qualification or a finding of suitability within 30 days after being requested to do so by the such Gaming Authority (or such 1esser lesser period that may be required by such Gaming Authority), ) or if such Holder or such beneficial owner is shall not so be licensed, qualified or found suitable, then the Company shall have the rightEnterprise, at its option, may (i) to require such Holder or beneficial owner Beneficial Owner to dispose of such Holders Holder or beneficial owner’s Beneficial Owner's Notes within 30 days of receipt of such notice of such finding by the applicable Gaming Authority days, or such any earlier date as may be ordered required by such the Gaming Authority, of (A) the termination of the 30-day period described above for the Holder or Beneficial Owner to apply for a license, qualification or finding of suitability, or (B) the receipt of the notice from the Gaming Authority that the Holder or beneficial owner shall not be licensed, qualified or found suitable or (ii) to redeem the Notes of such Holder or beneficial owner Beneficial Owner at a redemption price equal to the lesser least of (A) 100% of the principal amount thereof or (B) the price at which such Holder or beneficial owner Beneficial Owner acquired such Notes the Notes, and (in C) the case fair market value of (A) or (B)the Notes, together with with, in either case, accrued and unpaid interest and Liquidated Damages, if any, thereon to the earlier of the date of redemption or such earlier date as may be required by such Gaming Authority or the date of the finding of unsuitability by such Gaming Authority, which may be less than 30 days following the notice of redemption, redemption if so ordered by such Gaming Authority), or (C) such other amount as may be required by applicable law or by order of any Gaming Authority. The Holder or beneficial owner of Notes applying for a license, qualification or a finding of suitability with any Gaming Authority must pay all costs of the licensure or investigation for such qualification or finding of suitability. The Company shall not be required to pay or reimburse any Holder or beneficial owner of Notes who is required to apply for such license, qualification or a finding of suitability for the costs of the licensure or investigation for such qualification or finding of suitability.

Gaming Redemption. (a) Notwithstanding any other provision provisions of this IndentureArticle 3, if any Gaming Authority requires that in which the Partnership, either of its partners or any of their respective Affiliates as of the date of this Indenture conducts or, in the future conducts, directly or indirectly through a subsidiary or joint venture, gaming notifies a Holder or beneficial owner of the Notes that the Holder or beneficial owner must be licensed, qualified or found suitable under any applicable gaming law and such the Holder or beneficial owner fails to does not apply for a that license, qualification or a finding of suitability within 30 days after being requested to do so by the such Gaming Authority (or such 1esser lesser period that may be required by such Gaming Authority), ) or if such Holder or such beneficial owner is will not be so licensed, qualified or found suitablesuitable under applicable gaming law, the Company shall Issuers have the right, at its their option, (i) to require such Holder or beneficial owner to dispose of such Holders Holder’s or beneficial owner’s Notes within 30 days of receipt of such notice of such finding by the applicable Gaming Authority (or such earlier date as may be ordered required by such the applicable Gaming Authority), of (A) the termination of the 30-day period or any shorter period as may be required by a Gaming Authority, in each case as described above, for the Holder or beneficial owner to apply for a license, qualification or finding of suitability or (B) the receipt of notice from the Gaming Authority that the Holder or beneficial owner will not be licensed, qualified or found suitable or (ii) to redeem call for redemption of the Notes of such Holder or beneficial owner at a redemption price equal to (A) the lesser of (A1) 100% of the principal amount thereof or thereof, (B2) the price at which such Holder or beneficial owner acquired such the Notes and (in 3) the case fair market value of (A) or (B)the Notes, together with accrued and unpaid interest and Liquidated Damagesinterest, if any, thereon to the earlier of the date of redemption or such earlier date as may be required by such the Gaming Authority or the date of the finding of unsuitability that such Holder will not be licensed or qualified or found suitable by such Gaming Authority, which may be less than 30 days following the notice of redemption, if so ordered by such Gaming Authority), Authority or (CB) such other amount redemption price as may shall be required ordered by applicable law or by order of any the Gaming Authority. The Holder or beneficial owner of Notes applying for a license, qualification or a finding of suitability with any Gaming Authority must pay all costs of the licensure or investigation for such qualification or finding of suitability. The Company shall not be required to pay or reimburse any Holder or beneficial owner of Notes who is required to apply for such license, qualification or a finding of suitability for the costs of the licensure or investigation for such qualification or finding of suitability.