PREMIUM SEATING LICENSES Sample Clauses

PREMIUM SEATING LICENSES. The Operator shall enter into all Premium Seating Licenses on behalf of Gateway. The Operator acknowledges that the legal title to Premium Seating Licenses and the Premium Seating Revenues shall remain with Gateway at all times subject to the Premium Seating Intercreditor Agreement and if the Premium Seating Intercreditor Agreement is no longer in effect, then subject to Gateway's obligations to the Operator hereunder. Gateway shall have the power and authority to pledge and grant only the security interest in the Premium Seating Licenses and Premium Seating Revenues pursuant to the Premium Seating Intercreditor Agreement and Gateway shall not make any other assignment or pledge of Premium Seating Licenses or the Premium Seating Revenue of any kind whatsoever. The Operator shall not assign the Premium Seating Licenses to any Person other than a permitted assignee pursuant to Section 22.1 hereof. Upon a lawful termination of this Agreement, the Operator or any permitted assignee shall assign all the Premium Seating Licenses to Gateway and thereafter shall have no interest in the Premium Seating Licenses or the Premium Seating Revenues pursuant to this Agreement. Notwithstanding the foregoing, all Premium Seating Revenues shall be subject to the terms of the Premium Seating Intercreditor Agreement and the rights set forth in Section 6.2 hereof.
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PREMIUM SEATING LICENSES. The Operator shall enter into all Premium Seating Licenses on behalf of Gateway. The Operator acknowledges that the legal title to Premium Seating Licenses and the Premium Seating Revenues shall remain with Gateway at all times subject to the pledge of the Premium Seating Revenues and the right to collect and enforce the collection of the Premium Seating Revenues under the Premium Seating Licenses to the Stadium Trustee and the Operator pursuant to the Stadium Indenture and hereunder, and if the Stadium Indenture is no longer in effect, then subject to Gateway's obligations to the Operator hereunder. Gateway shall have the power and authority to pledge and grant only the security interest in the Premium Seating Licenses and Premium Seating Revenues pursuant to the Stadium Indenture and to the Operator as provided herein. Gateway shall not make any other assignment or pledge of Premium Seating Licenses or the Premium Seating Revenue of any kind whatsoever. The Operator shall not assign the Premium Seating Licenses to any Person other than a permitted assignee pursuant to Section 22.1 hereof. Upon a lawful termination of this Agreement, the Operator or any permitted assignee shall assign all the Premium Seating Licenses to Gateway and thereafter shall have no interest in the Premium Seating Licenses or the Premium Seating Revenues pursuant to this Agreement. The Operator and Gateway shall not make or permit to occur any amendment or modification to this Agreement or the form of Premium Seating License attached as Exhibit C to the Stadium Indenture which materially and adversely affects the Trustee or the Trustee's rights to the Premium Seating Revenues, or in any way increases the amount or alters the conditions of the County's obligations under the County Guaranty (as defined in the Stadium Indenture), without the prior written consent of the Trustee and the County, including, but not limited to, the timing and terms of payment of Premium Seating Revenues under the Premium Seating Licenses and hereunder, provided, however, that no consent of the Trustee or the County to a change in the amount payable by holders of the Premium Seating Licenses shall be required so long as the amount charged thereunder in each Premium Seating Year, in the aggregate, is not less than 125% of the principal of and interest on the Stadium Bonds due and payable in each such Premium Seating Year. Gateway, the County and the Trustee agree that the consent of the Trustee and the Coun...
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Related to PREMIUM SEATING LICENSES

  • Outbound Licenses Part 2.7(d) of the Disclosure Schedule accurately identifies each Contract pursuant to which any Person has been granted any license under, or otherwise has received or acquired any right (whether or not currently exercisable) or interest in, any Seller IP. The Seller is not bound by, and no Seller IP is subject to, any Contract containing any covenant or other provision that in any way limits or restricts the ability of the Seller to use, exploit, assert, or enforce any Seller IP anywhere in the world.

  • Permits, Licenses, Etc Each of the Borrower and its Subsidiaries possesses all permits, licenses, patents, patent rights or licenses, trademarks, trademark rights, trade names rights, and copyrights which are material to the conduct of its business. Each of the Borrower and its Subsidiaries manages and operates its business in accordance with all applicable Legal Requirements except where the failure to so manage or operate could not reasonably be expected to result in a Material Adverse Change; provided that this Section 4.14 does not apply with respect to Environmental Permits.

  • Inbound Licenses Except as disclosed on the Schedule, Borrower is not a party to, nor is bound by, any license or other agreement that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property.

  • State Business Licenses The Servicer or the Certificateholder shall prepare and instruct the Trust to file each state business license (and any renewal thereof) required to be filed under applicable state law without further consent or instruction from the Instructing Party (as defined in the Trust Agreement), including a Sales Finance Company Application (and any renewal thereof) with the Pennsylvania Department of Banking, Licensing Division, and a Financial Regulation Application (and any renewal thereof) with the Maryland Department of Labor, Licensing and Regulation.

  • Software Licenses Seller has all necessary licenses to use all material third-party software used in Seller's business, and Seller's use of third-party software does not infringe the rights of any Person.

  • Licenses, etc any license, authorisation, consent or approval at any time necessary to enable any Security Party to comply with its obligations under the Security Documents or the Underlying Documents is revoked or withheld or modified or is otherwise not granted or fails to remain in full force and effect or if any exchange control or other law or regulation shall exist which would make any transaction under the Security Documents or the Underlying Documents or the continuation thereof, unlawful or would prevent the performance by any Security Party of any term of any of the Security Documents or the Underlying Documents; or

  • Research Licenses The Parties shall, and do hereby grant to each other all required licenses (on a non-exclusive, non-sublicenseable, royalty-free, for research and development purposes only basis) in respect of an individual Party’s Intellectual Property necessary for the other Party to conduct the activities contemplated hereunder this Agreement.

  • Insurance Licenses Any one or more Insurance Licenses of the Company or any of its Subsidiaries shall be suspended, limited or terminated or shall not be renewed, or any other action shall be taken by any Governmental Authority, and such suspension, limitation, termination, non-renewal or action, either individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect; or

  • Permits, Licenses Copies of any permits, licenses, or other similar documents in Seller’s possession relating to the use, occupancy or operation of the Property; and

  • Governmental Licenses and Permits (a) Excluding Environmental Permits (which are covered solely in Section 3.11), and except as has not had and would not reasonably be expected to result in material liability to the Business, the Sellers hold all governmental qualifications, registrations, filings, privileges, franchises, licenses, permits, approvals or authorizations that are required for the operation of the Transferred Assets or the Business as conducted by the Sellers (collectively, “Material Permits”).

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