Common use of Termination of Gaming Clause in Contracts

Termination of Gaming. Manager shall have the option, at its sole discretion, at any time within a sixty (60) day period following the cessation of Gaming on the Property for any reason to notify the Tribe in writing that it is terminating this Agreement, in which case Manager shall retain any rights Manager may have to undistributed Management Fees pursuant to Section 6 of this Agreement and rights to repayments of amounts owed to it. If Manager does not elect to so terminate this Agreement, it may take whatever action it deems necessary or appropriate to reduce expenses during such cessation of Gaming.

Appears in 1 contract

Samples: Management Agreement (Mohegan Tribal Gaming Authority)

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Termination of Gaming. The Manager shall have the option, at its sole discretion, option at any time within a sixty (60) 60 calendar day period following the cessation of Gaming on the Property for any due to change in law, act of god or similar reason to notify the Tribe Company in writing that it is terminating operations under this Agreement, in which case the Manager shall retain any rights Manager it may have to undistributed any accrued and unpaid Management Fees pursuant to Fee due under Section 6 2.3 or the reimbursement of this Agreement any amounts advanced by the Manager under Sections 3.15, 3.20 or 5.2 and rights to repayments of amounts owed to itit under any Loans. If the Manager does not elect to so terminate this Agreement, it may take whatever action it deems may be necessary or appropriate to reduce expenses during such cessation termination of Gaming.

Appears in 1 contract

Samples: Management Agreement (Rotate Black Inc)

Termination of Gaming. Manager shall have the option, at its sole discretion, option at any time within a sixty (60) day period following the cessation of Gaming on the Property for any reason to notify the Tribe Enterprise in writing that it is terminating operations under this Agreement, in which case Manager shall retain any rights Manager may have to undistributed Management Fees Net Revenues pursuant to Section 6 5 of this Agreement and rights to repayments of amounts owed to it. If Manager does not elect to so terminate this Agreement, it may take whatever action it deems may be necessary or appropriate to reduce expenses during such cessation termination of Gaming.

Appears in 1 contract

Samples: Gaming Facility Management Agreement (Trump Indiana Inc)

Termination of Gaming. Manager shall have the option, at its sole discretion, option at any time within a sixty (60) day period following the cessation of Gaming on the Property for any reason to notify the Tribe in writing that it is terminating operations under this Agreement, in which case Manager shall retain any rights Manager may have to undistributed Management Fees pursuant to Section 6 of this Agreement and rights to repayments of amounts owed to it. If Manager does not elect to so terminate this Agreement, it may take whatever action it deems may be necessary or appropriate to reduce expenses during such cessation termination of Gaming.

Appears in 1 contract

Samples: Management Agreement (Station Casinos Inc)

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Termination of Gaming. Manager shall have the option, at its sole discretion, at any time within a sixty (60) day period following the cessation of Gaming on the Property for any reason to notify the Tribe Authority in writing that it is terminating this Agreement, in which case Manager shall retain any rights Manager may have to undistributed Management Fees pursuant to Section 6 of this Agreement and rights to repayments of amounts owed to it. If Manager does not elect to so terminate this Agreement, it may take whatever action it deems necessary or appropriate to reduce expenses during such cessation of Gaming.

Appears in 1 contract

Samples: Management Agreement (Mohegan Tribal Gaming Authority)

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