Examples of Aladdin Parties in a sentence
Thereafter, pursuant to the terms hereof, the Site will be prepared by the Aladdin Parties with certain Infrastructure Improvements and related work all as specified in the Site Work Plans (collectively, the "Site Work") so as to then permit the development and construction of the Bazaar Improvements by Bazaar Company and the Aladdin Improvements by the Aladdin Parties.
The Aladdin Parties and Bazaar Company have mutually agreed upon the Construction Schedule attached hereto, although they anticipate that the Construction Schedule will be periodically revised and updated.
Notwithstanding anything to the contrary contained in this Agreement, in no event shall Bazaar Company be obligated to spend more than Thirty Six Million Dollars ($36,000,000) attributable to the design and construction of the Common Parking Area, and any excess costs shall be paid by the Aladdin Parties.
A Permitted Transferee shall not be considered a single Concerned Party with the Aladdin Parties.
Aladdin Parties" shall mean, collectively, Aladdin Gaming and Holdings, each of which shall be jointly and severally liable for the obligations and responsibilities of the other hereunder.
Following the issuance of all Permits, including those identified on Schedule 2, as are required to perform the Demolition Work, the Aladdin Parties, at their sole cost and expense, shall commence the Demolition Work and shall complete same in accordance with the Construction Schedule.
The Aladdin Parties and Bazaar Company may collaterally assign its rights hereunder to lenders in connection with construction financing.
The Aladdin Parties, at their sole cost and expense, shall prepare or cause to be prepared and shall provide Bazaar Company with copies of all revised Site Work Plans as soon as prepared by the Project Architect/Engineer and in no event on less than a monthly basis after the date of this Agreement until the completion of the Site Work.
The Site currently has certain improvements, including portions of the Aladdin Hotel and Casino, from which asbestos must be removed or abated or which will be demolished, razed and removed (collectively, the "Demolition Work") by the Aladdin Parties pursuant to the terms of this Agreement and as shown on Exhibit "C" hereto.
Except as otherwise provided herein (in particular, with respect to the determination of the First Scheduled Opening Date), any material changes to the Construction Schedule must be approved by both the Aladdin Parties and Bazaar Company, in their reasonable discretion.