Operating Standard. Tenant shall cause the Facility to be Operated (as defined in the MLSA) in a Non-Discriminatory (as defined in the MLSA) manner, in accordance with the Operating Standard (as defined in the MLSA) and subject to Manager’s Standard of Care (as defined in the MLSA) (in each case as and to the extent required under the MLSA, including as provided in Section 2.1.1, Section 2.1.2, Section 2.1.3, Section 2.1.4, Section 2.3.1, and Section 2.3.2 of the MLSA, but subject to Section 5.9.1 of the MLSA), in each case except to the extent failure to do so does not result in a material adverse effect on Landlord or on the Facility. For avoidance of doubt, the provisions of this Section 7.5 and Section 16.1(f) hereof shall continue to apply even if the Facility is being managed pursuant to a Replacement Management Agreement.
Operating Standard. Tenant shall, throughout the Term, cause each Facility to be operated, managed, used, maintained and repaired in all material respects in accordance with the Applicable Standards, as applicable to such Facility, in each case except to the extent the failure to do so does not result in, and would not reasonably be expected to have, a material adverse effect on the applicable Landlord with respect to such Facility or the applicable Facility.
Operating Standard. See Exhibit 1.
Operating Standard. Licensee’s use of such information is allowed by this licensing agreement.
Operating Standard. Operator shall perform the Services to the level of competency and quality presently maintained by other operators providing similar services to similar facilities as contemplated herein, and Operator shall adhere to all Applicable Laws, rules, regulations, and standards, including ethical standards, and GAAP applicable to the performance of the Services (“Operating Standard”). All fees (other than the Base Fee and Incentive fee (as defined below)) received by Operator in the performance of the Services hereunder shall be for Owner’s sole benefit and shall be accounted for as Hotel items.
Operating Standard. Tenant agrees to diligently and efficiently operate the Development directly or through an approved Casino Manager/Operator in a manner generally consistent with the operation of first-class casinos and related amenities by leaders in the industry, and in compliance with this Lease, the Casino Operating Contract and the Casino Management Agreement.
Operating Standard. (a) If the Facility is not subject to a Permitted Facility Sublease pursuant to Section 22.3(v), then Tenant shall cause the Facility to be Operated (as defined in the MLSA) in a Non-Discriminatory (as defined in the MLSA) manner, in accordance with the Operating Standard (as defined in the MLSA) and subject to Manager’s Standard of Care (as defined in the MLSA) (in each case as and to the extent required under the MLSA, including as provided in Section 2.1.1, Section 2.1.2, Section 2.1.3, Section 2.1.4, Section 2.3.1, and Section 2.3.2 of the MLSA, but subject to Section 5.9.1 of the MLSA), in each case except to the extent failure to do so does not result in a material adverse effect on Landlord (taken as a whole with “Landlord” as defined under the Non-CPLV Lease) or on the Facility (taken as a whole with the Non-CPLV Facilities). For avoidance of doubt, the provisions of this Section 7.5 and Section 16.1(f) hereof shall continue to apply even if the Facility is being managed pursuant to a Replacement Management Agreement.
Operating Standard. During the Marketing Period, Borrower shall pay all Operating Expenses and manage and operate or cause to be managed and operated the Mall in accordance with the Management Agreement and the Operating Standard, including but not limited to the continued leasing of the Mall in accordance with the provisions of the Management Agreement.
Operating Standard. If the Mall is not otherwise kept open and operating in accordance with the Operating Standard during the Marketing Period.
Operating Standard. 17 3.2 MAINTENANCE...........................................................................................17 (a) BY OWNER........................................................................................17 (b) BY OPERATOR.....................................................................................18 (c) STRUCTURAL DEFECTS..............................................................................18 (d) LIENS...........................................................................................19 (e) SURRENDER.......................................................................................19 (f) INSPECTION BY OWNER AND XXXXX...................................................................19 (g) COLLECTION OF ASSESSMENTS DUE UNDER POA COVENANTS...............................................19 3.3
