Yacht Club Sample Clauses

Yacht Club. Yacht Club warrants that: (1) For so long as Cotton Club is not in default under this Agreement, Cotton Club shall and may peaceably possess and enjoy all of the benefits of this Agreement for the initial term, and for any option term(s), without any interruption or disturbance, and Yacht Club will defend Cotton Club in the peaceful and quiet enjoyment of said benefits and rights granted herein against all persons (excluding requirements imposed on Cotton Club by any governmental regulatory agency or entity). (2) The lease between Yacht Club and the City of Greenville, Mississippi, dated October 6, 1987, is in full force and effect, Yacht Club is not in default of any terms or conditions therein, and Yacht Club shall continue to observe and perform each and every term and condition of that lease. Yacht Club shall not do or permit any act, condition or thing to occur that would or may constitute a default under that lease. Yacht Club shall do all things at its sole expense to extend the term of that lease to equal the term of this Agreement, including any option terms pursuant to Section 6 above. (3) The agreement between Yacht Club and International Gaming Management, Inc. has terminated and is void, neither International Gaming Management, Inc. nor any other persons or entity has any rights, claim or interest in, under or to any agreement with Yacht Club for dockage of a vessel similar to Cotton Club’s and Yacht Club is fully empowered to grant, convey and allow Cotton Club to use the dockage space which is the subject of this Agreement. (4) Yacht Club shall cooperate with Cotton Club in permitting Cotton Club, together with its patrons, customers, employees, agents and others authorized to board its vessel, to have safe and convenient ingress to and egress from that vessel and Yacht Club shall neither interfere, nor permit any interference, with such ingress and egress. This provision is subject to the related provisions of Section 32 below. (5) Yacht Club is a duly-authorized and existing corporation, qualified to do business in the State of Mississippi, with full right and authority to enter into this Agreement, and each person signing on behalf of Yacht Club is authorized to do so.
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