Biloxi Property definition

Biloxi Property the Casino Magic Biloxi hotel and river-boat casino, located in Biloxi, Mississippi.
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Biloxi Property means (a) the hotel and casino (including the New Hotel Tower) located at the Real Property owned or leased by the Company or Seller in Biloxi, Mississippi, (b) any Real Property leased or owned by Seller or the Company or any of their respective Affiliates that is used or held for use primarily in connection with the Business, including the property subject to the Ground Leases, (c) the land and related rights owned by Jamland, LLC, a Company Subsidiary, and (d) any fixtures at all such property described in clauses (a), (b) and (c) above and owned by Seller, the Company, a Company Subsidiary or any of their respective Affiliates.
Sample 1
Biloxi Property means certain real property located in the City of Biloxi, Second Judicial District of Harrison County, State of Mississippi, transferred by JECA to thx Xxxxxxy as its initial Contribution.
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Examples of Biloxi Property in a sentence

  • Buyer and its Affiliates acknowledge that, in entering into this Agreement, they have relied solely on their own investigation of the Biloxi Property and the Company and on the representations and warranties expressly set forth in Article IV, subject to the limitations and restrictions specified herein.

  • Buyer will honor the terms and rates of all reservations (in accordance with their terms) made prior to the Closing at the Biloxi Property by guests or customers, including advance reservation cash deposits to the extent reflected in Closing Date Working Capital and not made in violation of this Agreement (including Section 4.07), for rooms or services confirmed by Seller for dates on or after the Closing Date in the ordinary course of business of the Business located at the Biloxi Property.

  • Buyer will honor all room allocation agreements and banquet facility and service agreements which have been granted to groups, persons or other customers that (a) have been entered into as of the Signing Date or (b) are entered into in the ordinary course of business of operating and supporting the Business located at the Biloxi Property, at the rates and terms provided in such agreements.

  • Buyer or its Representatives to the extent it so desires have examined and inspected the Biloxi Property prior to the execution of this Agreement, and subject to the provisions of this Article XI and otherwise in this Agreement, Buyer agrees to accept the Biloxi Property in an “AS IS, WHERE IS” condition as of the Closing.

  • Buyer or its Representatives to the extent it so desires shall have examined and inspected the Biloxi Property prior to the execution of this Agreement, and subject to the provisions of this Article XI and otherwise in this Agreement, Buyer agrees to accept the Biloxi Property in an “AS IS, WHERE IS” condition as of the Closing.

  • Buyer acknowledges and agrees that neither the Company nor Seller owns the collection of rock and roll memorabilia located at the Biloxi Property that are owned by Hard Rock Cafe International (STP), Inc.

  • Without limiting the covenants and agreements contained in Section 6.01, prior to the Closing, (i) Buyer shall not directly or indirectly control, supervise, direct or interfere with, or attempt to control, supervise, direct or interfere with, the operation of the Business at the Biloxi Property and (ii) the operations and affairs of the Biloxi Property shall be the sole responsibility of the Company and its Affiliates and shall be under the Company’s sole and complete control.

  • After the Closing, Buyer shall be solely responsible and liable for compliance with applicable Gaming Laws and regulations of Gaming Authorities with respect to operation and support of the Business located at the Biloxi Property subsequent to Closing, including any obligation to destroy such gaming chips, tokens and tickets.

  • Since December 31, 2004 there has been no development or event that has had or could reasonably be expected to have a Material Adverse Effect, other than the property damage to and effects on the operating results of the Biloxi Property, the New Orleans Property and the Lake Xxxxxxx Property, in each case, resulting from Hurricane Xxxxxxx and/or Hurricane Xxxx.

  • Except as set forth on Schedule 4.19(b), neither Seller nor any Affiliate of Seller (other than the Company) has any interest in or right to use (i) any assets used in the Business, (ii) any assets owned or leased by the Company or (iii) any physical assets located at the Biloxi Property in excess of an aggregate value of $10,000.


More Definitions of Biloxi Property

Biloxi Property means (i) the hotel and casino located at the real estate owned or leased by the Company or Seller in Biloxi, Mississippi, (ii) any property leased or owned by Seller or the Company or any of their respective Affiliates that is used or held for use primarily in connection with the business conducted at such hotel and casino, including the property subject to the Biloxi Leases and the Additional Real Property and (iii) any fixtures at all such Biloxi Property described in clauses (i) and (ii) above and owned by Seller, the Company or any of their respective Affiliates.
Sample 1

Related to Biloxi Property

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • New property means (i) the assessed value, after final

  • Hotel Property means a Property on which there is located an operating hotel.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

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  • Release Property has the meaning set forth in Section 2.5.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Residential property means improved property that:-

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.