Common use of Loss of Gaming Licenses Clause in Contracts

Loss of Gaming Licenses. The occurrence of a License Revocation by any Gaming Authority in a jurisdiction in which Borrower or any of its Subsidiaries owns or operates a Gaming Facility; provided that such License Revocation continues for at least fifteen (15) consecutive days; or

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

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Loss of Gaming Licenses. The occurrence of a License Revocation by any Gaming Authority in a jurisdiction in which Borrower or any of its Subsidiaries owns or operates a Gaming Facilitythat continues for thirty (30) consecutive days; provided that such License Revocation continues affects Gaming operations and the Gaming operations that have been so affected account for at least fifteen percent or more of the consolidated gross revenues (15calculated in accordance with GAAP) consecutive daysof the Borrower related to Gaming operations during the twelve month period ended on the last day of the most recently ended calendar month; or

Appears in 1 contract

Samples: Term Loan Credit Agreement (Galaxy Gaming, Inc.)

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Loss of Gaming Licenses. The occurrence of a License Revocation by any Gaming Authority in a jurisdiction in which Borrower Company or any of its Subsidiaries owns or operates a Gaming FacilityFacility (other than with respect to Pompano Park); provided that such -------- License Revocation continues for at least fifteen (15) consecutive days; oror 8.14

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

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