Bazaar Company definition
Examples of Bazaar Company in a sentence
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.
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.
This Agreement shall terminate on July 31, 1998, if Bazaar Company shall have failed to obtain its construction financing by that date, or on such date as all covenants and obligations of the parties hereunder have been performed, unless sooner terminated by the written consent of all parties hereto.
The development, construction and operation of the Redeveloped Aladdin shall be conducted in accordance with and subject to the provisions and requirements of that certain Construction, Operation and Reciprocal Easement Agreement to be entered into concurrently herewith by and among Aladdin Gaming, Aladdin Music, and Bazaar Company, among others (the "REA").
Bazaar Company acknowledges that such standards are not intended to be a guaranty of the economic performance of the Aladdin Hotel and Casino and no party shall have any liability under this Agreement with respect to such economic performance.
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.
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.
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.
Assuming all of the work described in clauses (i) and (ii) has been completed in accordance with the requirements of the Design/Build Contract, Bazaar Company shall pay the Reimbursement Obligation immediately upon its first draw under its construction financing.