Common use of Involuntary Termination Due to Changes in Legal Requirements Clause in Contracts

Involuntary Termination Due to Changes in Legal Requirements. It is the understanding and intention of the parties that the development, construction and operation of the Enterprise shall conform to and comply with all Legal Requirements. If during the term of this Agreement, the Enterprise or any material aspect of Gaming at the Gaming Site is determined by the Congress of the United States, Department of the Interior of the United States of America, the NIGC, or the judgment of a court of competent jurisdiction (after expiration of the time within which appeals must be filed or completion of appeals, if any) to be unlawful under federal law, the obligations of the parties hereto shall cease and the Agreements shall be of no further force and effect as of the date of such determination; subject, however, to the following provisions as to damages:

Appears in 7 contracts

Samples: Management Agreement (Lakes Gaming Inc), Development Agreement (Lakes Entertainment Inc), Management Agreement (Lakes Gaming Inc)

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Involuntary Termination Due to Changes in Legal Requirements. It is the understanding and intention of the parties that the development, construction and operation of the Enterprise Facility shall conform to and comply with all Legal Requirements. If during the term of this Agreement, the Enterprise Facility or any material aspect of Gaming at the Gaming Site is determined by the Congress of the United States, the Department of the Interior of the United States of America, the NIGC, NIGC or the final judgment of a court of competent jurisdiction (after expiration of the time within which appeals must be filed or completion of appeals, if any) to be unlawful under federal law, the obligations of the parties hereto shall cease cease, and the Agreements this Agreement shall be of no further force and effect as of the date of such determinationeffect; subject, however, to the following provisions as to damagesprovided that:

Appears in 1 contract

Samples: Development and Construction (Trump Indiana Inc)

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