Proceeds of Business Interruption Insurance. The net proceeds of the Business Interruption Insurance maintained in accordance with Section 14.1 (after the application of any deductible) shall be deposited in the Operating Account and used by Manager in the same manner as funds generated from the Operation of the Managed Facility are used by Manager in accordance with this Agreement, including the payment of Operating Expenses, the Centralized Services Charges and Managed Facility Personnel Costs and all other Operating Expenses as provided in Section 14.1.
Appears in 9 contracts
Samples: Management and Lease Support Agreement (Vici Properties Inc.), Management and Lease Support Agreement (Vici Properties Inc.), Management and Lease Support Agreement (CAESARS ENTERTAINMENT Corp)
Proceeds of Business Interruption Insurance. The net proceeds of the Business Interruption Insurance maintained in accordance with Section 14.1 (after the application of any deductible) shall be deposited in the Operating Account and used by Manager in the same manner as funds generated from the Operation of the Managed Facility Facilities are used by Manager in accordance with this Agreement, including the payment of Operating Expenses, Management Fees, the Centralized Services Charges and Managed Facility Facilities Personnel Costs and all other Operating Expenses as provided in Section 14.1.
Appears in 4 contracts
Samples: Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co)
Proceeds of Business Interruption Insurance. The net proceeds of the any Business Interruption Insurance maintained in accordance with Section 14.1 claim (after the application of any deductible) shall be deposited in the Operating Account and used by Manager in the same manner as funds generated from the Operation of the Managed Facility Manager Operated Areas are used by Manager in accordance with this Agreement, including the payment of Operating Expenses, the Centralized Operating Fees, Shared Services Charges and Managed Facility Operating Personnel Costs and all other Operating Expenses as provided in Section 14.1Reimbursable Expenses.
Appears in 2 contracts
Samples: Management Agreement, Hotel and Casino Management Agreement (Harrahs Entertainment Inc)
Proceeds of Business Interruption Insurance. The net proceeds of the Business Interruption Insurance maintained in accordance with Section 14.1 14.1.1 (after the application of any deductible) shall be deposited in the Operating Account and used by Manager in the same manner as funds generated from the Operation of the Managed Facility Facilities are used by Manager in accordance with this Agreement, including the payment of Operating ExpensesExpenses (other than the Management Fee), the Centralized Services Charges and Managed Facility Facilities Personnel Costs and all other Operating Expenses as provided in Section 14.114.1.1.
Appears in 2 contracts
Samples: Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co)
Proceeds of Business Interruption Insurance. The net proceeds of the any Business Interruption Insurance maintained in accordance with Section 14.1 claim (after the application of any deductible) shall be deposited in the Operating Account and used by Manager in the same manner as funds generated from the Operation of the Managed Facility Manager Operated Areas are used by Manager in accordance with this Agreement, including the payment of Operating Expenses, the Operating Fees, the License Fees, Centralized Services Charges and Managed Facility Operating Personnel Costs and all other Operating Expenses as provided in Section 14.1Reimbursable Expenses.
Appears in 1 contract
Samples: Hotel and Casino Management Agreement (Caesars Acquisition Co)
Proceeds of Business Interruption Insurance. The net proceeds of the Business Interruption Insurance maintained in accordance with Section 14.1 (after the application of any deductible) shall be deposited in the Operating Account and used by Manager in the same manner as funds generated from the Operation of the Managed Facility Facilities are used by Manager in accordance with this Agreement, including the payment of Operating Expenses, the Centralized Services Charges and Managed Facility Facilities Personnel Costs and all other Operating Expenses as provided in Section 14.1.
Appears in 1 contract
