Common use of Upon a Licensing Event Clause in Contracts

Upon a Licensing Event. Manager shall have the right, in its discretion, to terminate this Agreement upon no less than ninety (90) days’ nor more than twelve (12) months’ written notice of termination to Owner following a Licensing Event which is not cured within the period required by the applicable Gaming Authorities. No termination fee or penalty shall be payable by Owner upon a termination of this Agreement pursuant to this Section 16.2.6.

Appears in 4 contracts

Samples: Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co), Management Agreement (Caesars Acquisition Co)

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