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.
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.
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.
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.
Buyer will honor all room allocation agreements and banquet facility and service agreements which have been granted to groups, persons or other customers that (i) have been entered into as of the Signing Date, or (ii) 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 agrees and acknowledges that in addition to owning and operating the Biloxi Property, Seller and/or Affiliates of Seller operate certain other hotel and casino properties and own certain other assets that are not located at, and not used exclusively for the operation of the business located at, the Biloxi Property.
If required pursuant to the Gaming Laws, Seller shall, at least thirty (30) days prior to the Closing, or such other period as specifically authorized by the applicable Gaming Authorities, submit for approval to all applicable Gaming Authorities a plan for the redemption and destruction of all chips, tokens and plaquemines at the Biloxi Property.
The following items are not permitted on City of Biloxi Property: propane heaters, sparklers, bird seed, confetti, confetti cans, confetti guns, confetti shooters, streamer shooters streamer cannons, streamer guns, glitter, gum, rice, dark colored flower petals, or bio-degradable rice.
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.
The following items are not permitted on City of Biloxi Property: beer kegs, decals/stickers, propane heaters, sparklers, bird seed, confetti, confetti cans, confetti guns, confetti shooters, streamer shooters streamer cannons, streamer guns, glitter, gum, rice, dark colored flower petals, or bio- degradable rice.