No Management Contract Sample Clauses

No Management Contract. Neither this Agreement nor the other Loan Documents, taken individually or as a whole, constitute “management contracts” or “management agreements” within the meaning of Section 12 of IGRA, or deprive Borrower of the sole proprietary interest and responsibility of the conduct of gaming activity at Mohegan Sun.
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No Management Contract. Neither this Agreement nor the other Loan Documents, taken individually or as a whole, constitute “management contracts” or “management agreements” within the meaning of Section 12 of IGRA.
Sample 1Sample 2
No Management Contract. 50 4.6 Title to and Location of Property ................................... 50 4.7
Sample 1
No Management Contract. (a) None of the Loan Documents to which the Borrower, its Subsidiaries and the Tribe is a party, taken individually or as a whole, constitutes a “management contract” or “management agreement” within the meaning of 25 U.S.C. § 2711, or deprives the Tribe of the sole proprietary interest and responsibility of the conduct of gaming.
Sample 1
No Management Contract. To the best knowledge of the Borrower, based upon the advice of its counsel, neither this Agreement nor the other Loan Documents, taken individually or as a whole, constitute "management contracts" or "management agreements" within the meaning of Section 12 of IGRA, or deprive the Tribe or the Borrower of the sole proprietary interest and responsibility of the conduct of gaming activity at Existing Casino Operations.
Sample 1
No Management Contract. Neither this Agreement nor the other Loan Documents, taken individually or as a whole, constitute (a) "management contracts" or "management agreements" within the meaning of IGRA or the regulations promulgated thereunder, (b) deprive Borrower of the sole proprietary interest and responsibility of the conduct of gaming activity at the Thunder Valley Casino, or (c) constitute encumbrances on Indian lands within the meaning of 25 U.S.C. § 81. To the extent that the Loan Documents are considered to be "collateral documents" to the Management Agreement under IGRA and the regulations promulgated thereunder, all required approvals of the Loan Documents under IGRA have been obtained.
Sample 1
No Management Contract. Upon its effectiveness, neither this Agreement nor the Note, taken individually or as a whole, constitutes a “management contract” or “management agreement” or “collateral agreement” within the meaning of IGRA, or deprives the Tribe of the sole proprietary interest and responsibility of the conduct of gaming activity.
Sample 1
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No Management Contract. Notwithstanding any other possible construction of any provision(s) contained herein, the parties acknowledge and agree that: (a) this agreement does not provide for the management of all or any part of the facilities within the meaning of IGRA by any person other than the Tribe or a third party manager; (b) this agreement does not deprive the Tribe of the sole proprietary interest and responsibility for the conduct of the facilities within the meaning of IGRA; (c) District will not exercise any remedy or otherwise take action under this agreement in a manner that would constitute management of all or any part of the facilities within the meaning of IGRA; and (d) District will not exercise any remedy or otherwise take any action under this agreement that would deprive the Tribe of the sole proprietary interest and responsibility for the conduct of the facilities within the meaning of IGRA.
Sample 1

Related to No Management Contract

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"):

  • No Employment Contract Nothing contained in this Agreement shall confer upon the Optionee any right with respect to continuance of employment by the Company, nor limit or affect in any manner the right of the Company to terminate the employment or adjust the compensation of the Optionee.

  • The Management Agreement Borrower shall use commercially reasonable efforts to cause Manager to manage the Property in accordance with the Management Agreement. Borrower shall (a) diligently perform and observe all of the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (b) promptly notify Agent of any notice to Borrower or Manager of any default by Borrower in the performance or observance of any material terms, covenants or conditions of the Management Agreement on the part of Borrower to be performed and observed, and (c) promptly deliver to Agent a copy of all material notices received by it (including, without limitation, any notices relating to the Ground Lease, the Reciprocal Easement and any Joint Manager (as defined in the Reciprocal Easement Agreement) and, upon request by Agent, any other financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement (but excluding any immaterial general correspondence and internal discussion drafts of any such plans, reports or estimates); and (iv) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by Manager under the Management Agreement. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Agent’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its obligations hereunder or under the Management Agreement, Agent shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • No Contracts There are no oral or written licenses, sublicenses or other agreements to use, access or otherwise related to any of the Purchased Assets, including the Purchased Intellectual Property.

  • Employment Contracts Neither the Seller nor any Seller Subsidiary is a party to any Contracts for employment, severance, consulting or other similar agreements with any employees, consultants, officers or directors of the Seller or any of the Seller Subsidiaries, except as set forth on Section 2.10(h) of the Seller Disclosure Schedule. Neither the Seller nor any Seller Subsidiary is a party to any collective bargaining agreements.

  • No Relationships with Customers and Suppliers No relationship, direct or indirect, exists between or among the Company on the one hand, and the directors, officers, 5% or greater stockholders, customers or suppliers of the Company or any of the Company’s affiliates on the other hand, which is required to be described in the Disclosure Package and the Prospectus or a document incorporated by reference therein and which is not so described.

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