Pursuant to N. J.S.A. 5:12-82d(7) and (10) and N.J.S.A. 5:12-105f, the New Jersey Casino Control Commission (the “Casino Control Commission”) shall have the right of prior approval with regard to the transfer of shares of stock, securities and other interests of the Company other than a transfer prior to the granting of a license by the Casino Control Commission to the Company. To this end, at any time following the receipt of a license by the Company from the Casino Control Commission, pursuant to N.J.S.A. 5:12-105(a), the sale, assignment, transfer, pledge or other disposition of any share of stock, security or other interest of the Company shall be effective five business days after the Casino Control Commission receives notice from the Company of such sale, assignment, transfer, pledge or other disposition, in the form required by regulation, unless within such five business day period, the commission disapproves of such sale, assignment, transfer, pledge or other disposition, in which case the transfer will be ineffective.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Revel Entertainment Group, LLC), Limited Liability Company Agreement (Revel Entertainment Group, LLC), Limited Liability Company Agreement (Revel Entertainment Group, LLC)
