Common use of Other Properties Clause in Contracts

Other Properties. 1. The casinos and the equipment and utensils used for gaming business shall locate at all the real estate under the ownership of the Subconcessionaire. No encumbrance shall be created over such casinos, equipment and utensils, except for those permitted by the government. 2. Notwithstanding that the permission specified in the preceding paragraph is given, the Subconcessionaire shall cause the casinos and the equipment and utensils used for gaming business, including the equipment and utensils used outside the casinos, not to be under any encumbrance upon the termination of this Subconcession Contract. 3. The casinos shall not locate at the real estate where use and income are created under lease contracts of any nature or under any other kinds of contracts which do not grant the full ownership of the real estate to the Subconcessionaires, even though such contracts are non-typical contracts, unless permission of the government is obtained. Conditions may be specified in such permission, namely to allow the transfer of ownership of the casinos to the Macau SAR. In particular, it can be provided that the independent units where the casinos are located shall be acquired by the Subconcessionaire at least 180 days prior to the term referred to in Clause 43(1), unless the subconcession is withdrawn prior to such date and in that case, such units shall be acquired by the Subconcessionaire in the shortest time possible. 4. After obtaining the due permission, the Subconcessionaire shall submit to the government copies of the contracts specified in the preceding paragraph and all amendments to and alternations of such contracts, notwithstanding that such amendments and alternations may have retrospective effect. 5. The Subconcessionaire shall locate all of its casinos in the buildings or complex under the system of unit ownership in building property even though such buildings or complex constitute one economic and functional unit, so that the casinos constitute one or more independent units which can be identified and whose area can be defined precisely. 6. For the applicability of the provisions of the preceding paragraph, the Subconcessionaire shall promptly submit to the government the property registration certificate regarding the creation of the unit ownership in building property, which shall set forth the description of all independent units and attach a plan confirming and defining the relevant area. 7. The Subconcessionaire shall register any amendments to the proof of the creation of the unit ownership in building property and promptly submit the relevant property registration certificate to the government through the Finance Services Bureau. 8. The Subconcessionaire shall also submit to the government the rules and regulations of the condominium of the unit ownership in building property for prior approval.

Other Properties. 1. The casinos and the equipment and utensils used for gaming business shall locate be located at all the real estate under the ownership of the SubconcessionaireConcessionaire. No encumbrance shall be created over such casinos, equipment and utensils, except for those permitted by the government. 2. Notwithstanding that the permission specified in the preceding paragraph is given, the Subconcessionaire Concessionaire shall cause the casinos and the equipment and utensils used for gaming business, including the equipment and utensils used [used] outside the casinos, not to be under any encumbrance upon the termination of this Subconcession Concession Contract. 3. The casinos shall not locate be located at the real estate where use and income are created under lease contracts of any nature or under any other kinds of contracts which do not grant the full ownership [of the real estate estate] to the SubconcessionairesConcessionaires, even though such contracts are non-typical contracts, unless permission of the government is obtained. Conditions In particular, conditions may be specified in such permission, namely to allow the transfer of ownership of the casinos to the Macau SAR. In particular, it can be provided permission providing that the independent units where the casinos are located shall be acquired by the Subconcessionaire Concessionaire at least 180 days prior to the term referred date as specified in Article 43.1 to in Clause 43(1)allow the transfer of ownership of the casinos to the Macau SAR, unless the subconcession concession is withdrawn revoked prior to such date and in that case, such units shall be acquired by the Subconcessionaire Concessionaire in the shortest time possible. 4. After obtaining the due permission, the Subconcessionaire Concessionaire shall submit to the government copies of the contracts specified in the preceding paragraph and all amendments to and alternations of such contracts, notwithstanding that such amendments and alternations may have retrospective effect. 5. The Subconcessionaire Concessionaire shall locate all of its casinos in the buildings or complex under the system of unit ownership in building property even though such buildings or complex constitute one economic and functional unit, so that the casinos constitute one or more independent units which can be identified and whose area can be defined precisely. 6. For the applicability of the provisions of the preceding paragraph, the Subconcessionaire Concessionaire shall promptly submit to the government the property registration certificate regarding the creation of the unit ownership in building property, which shall set forth the description of all independent units and attach a plan confirming and defining the relevant area. 7. The Subconcessionaire Concessionaire shall register any amendments to the proof of the creation of the unit ownership in building property and promptly submit the relevant property registration certificate to the government through the Finance Services Bureau. 8. The Subconcessionaire Concessionaire shall also submit to the government the rules and regulations of the condominium of the unit ownership in building property for prior approval.