Common use of Negotiations for a New Compact Clause in Contracts

Negotiations for a New Compact. No sooner than eighteen (18) months before the termination date of this Compact set forth in section 11.2.1, either party may request the other party to enter into negotiations to extend the term of this Compact or to enter into a new Class III Gaming compact. If the parties have not agreed to extend the term of this Compact or have not entered into a new compact by the termination date in section 11.2.1, this Compact shall automatically be extended for one (1) calendar year.

Appears in 1 contract

Samples: Tribal State Compact

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Negotiations for a New Compact. No sooner than eighteen (18) months before the termination date of this Compact set forth in section 11.2.114.2, either party may request the other party to enter into negotiations to extend the term of this Compact or to enter into a new Class III Gaming compact. If the parties have not agreed to extend the term of this Compact or have not entered into a new compact by the termination date in section 11.2.114.2, this Compact shall automatically be extended for one (1) calendar year. If the parties are engaged in negotiations that both parties agree in writing are proceeding towards conclusion of a new or amended compact, this Compact shall automatically be extended for an additional two (2) years.

Appears in 1 contract

Samples: Tribal State Compact

Negotiations for a New Compact. No sooner than eighteen (18) months before the termination date of this Compact set forth in section 11.2.114.2.1, either party may request the other party to enter into negotiations to extend the term of this Compact or to enter into a new Class III Gaming compact. If the parties have not agreed to extend the term of this Compact or have not entered into a new compact by the termination date in section 11.2.114.2.1, this Compact shall automatically be extended for one (1) calendar year. If the parties are engaged in negotiations that both parties agree in writing is proceeding towards conclusion of a new or amended compact, this Compact shall automatically extend for an additional two (2) years.

Appears in 1 contract

Samples: Tribal State Gaming Compact

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Negotiations for a New Compact. No sooner than eighteen (18) months before the termination date of this Compact set forth in section 11.2.114.2, either party may request the other party to enter into negotiations to extend the term of this Compact or to enter into a new Class III Gaming compact. If the parties have not agreed to extend the term of this Compact or have not entered into a new compact by the termination date in section 11.2.114.2, this Compact shall automatically be extended for one (1) calendar year. If the parties are engaged in negotiations that both parties agree in writing is proceeding towards conclusion of a new or amended compact, this Compact shall automatically be extended for an additional two (2) years.

Appears in 1 contract

Samples: Tribal State Compact

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