Use and Standard of Operation Sample Clauses

Use and Standard of Operation. (a) Owner hereby grants to Hyatt Gaming the sole and exclusive right to manage and operate the Casino pursuant to the terms of this Agreement and Hyatt Gaming agrees that, except to the extent excused as hereinafter provided, Hyatt Gaming will, as the agent of Owner, operate the Casino during the Term in conformity with the First Class Casino Standard and in a businesslike and efficient manner consistent with the First Class Casino Standard; and Hyatt Gaming shall use the Casino solely for the operation of a casino business conforming to the First Class Casino Standard and for other activities which are customary and usual in connection with such an operation. Except as otherwise specifically limited under this Agreement, Hyatt Gaming, as sole and exclusive agent of Owner, shall (subject to compliance with the provisions of Section 6.2 hereof) control the operation of the Casino in its discretion including, without limitation, the right and power to negotiate and enter into such reasonable contracts (including, without limitation, collective bargaining agreements or labor contracts) in the name and at the expense of Owner as may be reasonably necessary or advisable in connection with the operation of the Casino; subject, however, to Owner"s right to approve contracts with a Hyatt Gaming Affiliate or contracts (or series of related contracts, excluding purchase orders) (other than HC national contracts and other than employee-related contracts or contracts reasonably required in cases of emergency or casualty) with a value in excess of Fifty Thousand Dollars ($50,000) (increased (but not decreased) annually at the beginning of each Fiscal Year by the percentage increase in the CPI from the CPI as of December 31, 1999) or with a term of greater than one year (excluding employee related matters) and the right to determine the terms of admittance, charges for rooms, charges for entertainment, food and beverages, the nature of the games and gaming devices, hours of operation and credit policies utilized in the Casino, labor policies (including wage rates, the hiring and discharging of employees, and the installation of employee retirement or other benefit plans), and all phases of promotion and publicity relating to the Casino. For purposes of this Section 3.1(a):
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Use and Standard of Operation. (a) Except to the extent excused as hereinafter provided, Tenant shall use the Premises solely for the operation of a gaming casino (the "Business") in accordance with all applicable rules and regulations of the Nevada Gaming Authorities utilizing the name "The Resort at Summxxxxx" xx a non-exclusive basis or such other name as may be mutually agreed by Landlord and Tenant and shall operate the Business in a first-class high quality manner (the "Operating Standard"). Except as otherwise specifically set forth in this Lease, Tenant shall have absolute control and discretion in the operation of the Business including, without limitation, the right to determine the terms of admittance and labor policies (including wage rates, and the hiring and discharging of employees.
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Use and Standard of Operation 
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Related to Use and Standard of Operation

  • Conduct of Operations The Board of Directors and the General Partner shall use commercially reasonable efforts to conduct the business of the Partnership and its Affiliates in a manner that does not require a holder of Common Units to file a tax return in any jurisdiction with which the holder has no contact other than through ownership of Common Units.

  • Co-operation 1. The Parties shall take all appropriate and necessary measures to ensure fulfilment of the obligations and objectives arising out of this programme agreement.

  • Continuity of Operations (1) Engage in any business activities substantially different than those in which Borrower is presently engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

  • Statement of Operations d. Statement of Changes in Net Assets.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Control of Operations Without in any way limiting any party’s rights or obligations under this Agreement, the parties understand and agree that (a) nothing contained in this Agreement shall give Parent or the Company, directly or indirectly, the right to control or direct the other party’s operations prior to the Effective Time and (b) prior to the Effective Time, each of the Company and Parent shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.

  • Hours of Operation Tenant will carry on its business diligently and continuously in the Premises and will keep the Premises open for business not less than sixteen (16) consecutive hours each day seven (7) days per week, including holidays. Director or his/her representative may, from time to time, change such required hours of operation, in which event, Tenant will remain open during such revised hours. Similarly, Tenant may, from time to time, request to revise its hours of operation. Such change must be approved by Director or his/her representative, in writing, prior to its occurrence. Tenant may not, at any time, vacate or abandon the Premises.

  • Oil and Gas Operations (a) All wxxxx included in the Oil and Gas Interests of the Company have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all respects with applicable oil and gas leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Company; and

  • Definition of Operating Expenses (a) Subject to the exclusions and provisions hereinafter contained, the term "

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