Common use of Managers and Officers Clause in Contracts

Managers and Officers. The election of an individual to serve as a manager, officer or any other capacity with the Company is subject to any qualifications or approvals required under any Gaming Laws. For purposes of this Agreement, an individual shall be qualified to serve as a manager, officer or any other capacity, for so long as that individual is determined to be, and continues to be, qualified and suitable by all Gaming Authorities and under all applicable Gaming Laws. In the event that individual does not continue to be qualified and suitable, that individual shall be disqualified and shall cease to be a manager, officer or in any other capacity with the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Nevada Property 1 LLC), Limited Liability Company Agreement (American Casino & Entertainment Properties LLC), Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)

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Managers and Officers. The election or appointment of an individual to serve as a managermanager or officer of, officer or in any other capacity with with, the Company is subject to any qualifications or approvals required under any Gaming LawsApprovals. For purposes of this Agreement, an individual shall be qualified to serve as a manager, officer or in any other capacity, for so long as that individual is determined to be, and continues to be, qualified and deemed suitable by all Gaming Authorities and under all applicable Gaming Laws. In the event that any such individual does not continue to be so qualified and suitable, that individual shall be disqualified and shall cease to be a manager, officer or serve in any such other capacity with the Company.

Appears in 1 contract

Samples: Operating Agreement (MGM Mirage)

Managers and Officers. The election of an individual to serve as a manager, manager or officer or any other capacity with of the Company is subject to any qualifications or approvals required under any Gaming Lawsgaming laws . For purposes of this Agreement, an individual shall be qualified to serve as a manager, manager or officer or any other capacity, for so long as that individual is determined to be, and continues to be, qualified and suitable by all Gaming Authorities gaming authorities having jurisdiction over the Company, manager or officer and under all applicable Gaming Lawsgaming laws. In the event that individual does not continue to be qualified and suitable, that individual shall be disqualified and shall cease to be a manager, manager or officer or in any other capacity with of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)

Managers and Officers. The election of an individual to serve as a managermanager or officer of, officer or in any other capacity with with, the Company is subject to any qualifications or approvals required under any Gaming Laws. For purposes of this Agreement, an individual shall be qualified to serve as a manager, officer or in any other capacity, for so long as that individual is determined to be, and continues to be, qualified and deemed suitable by all Gaming Authorities and under all applicable Gaming Laws. In the event that any such individual does not continue to be so qualified and suitable, that individual shall be disqualified and shall cease to be a manager, officer or serve in any such other capacity with the Company.

Appears in 1 contract

Samples: Operating Agreement (MGM Mirage)

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Managers and Officers. The election of an individual to serve as a manager, officer or any other capacity with the Company is subject to any qualifications or approvals required under any Gaming Laws. For purposes of this Agreement, an individual shall be qualified to serve as a manager, officer or any other capacity, for so long as that individual is determined to be, and continues to be, qualified and suitable by all Gaming Authorities and under all applicable Gaming Laws. In the event that individual does not continue to be qualified and suitable, that individual shall be disqualified and shall cease to be a manager, officer or in any other capacity with the CompanyCompany in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Management Agreement (Nevada Property 1 LLC)

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