Casino Assets definition
Examples of Casino Assets in a sentence
Except as set forth in Schedule 6(b), all tangible personal property included in the Riverboat Casino Assets are suitable for the purposes for which they are used, in good working condition, reasonable wear and tear excepted, and are free from any known defects.
Other than Gaming Licenses listed on Schedule 6(i), no other Gaming License or other governmental permit, license, registration, certificate of occupancy, approval and other governmental authorization is required for the complete operation of the Riverboat Casino Assets as currently operated.
A copy of the motion adopted by Harbour East Community Council on realignment of boundaries; a memo to Mr. Kerr, Chair BWAC and the Chair, enclosing the map identifying the boundaries and letter Ms. Manzer, Chairman, Dartmouth Lakes Advisory Board wrote to the HECC were provided in the agenda package.
Except as otherwise provided herein, as of the Execution Date and as of the Closing Date with respect to the Casino Assets, and as of the Hotel Closing Date with respect to the Hotel Assets, Seller is not in default or in violation of any law or regulation, except for such defaults or violations which will not have a material adverse effect on the Assets or the operation of the Casino or Hotel operations.
As of the Execution Date and as of the Closing Date (except for the Principal Loan and the Subordinated Debt), the Seller has not entered into any other contract to assign, sell, mortgage, or encumber all or part of the Casino Assets.
The Casino Assets will be at Closing Date, and the Hotel Assets will be on the Hotel Closing Date, in good operating condition, except for normal wear and tear.
Neither Seller nor any of its officers, directors, representatives, or employees have had any dealings with any broker or finder or incurred any liability for any brokerage fees, brokerage commissions, or finder's fees as to this Agreement or the sale of the Casino Assets or Hotel Assets.
The Company has and on the Closing Date will have (in each case, subject to liens and claims to be discharged upon the issuance of the Confirmation Order) good and lawful title to and possession of the Riverboat Casino Assets, free and clear of all claims and interests of creditors of the Company (to the maximum extent permitted under Section 1141(c) of the Bankruptcy Code), other than the Company Liabilities.
In the event that the Riverboat Casino suffers damage which does not constitute a total loss or constructive total loss, Buyer may, at its sole option, elect to purchase the Closing Shares, in which case any insurance proceeds payable with respect to such accident shall be used by Buyer to repair and/or replace the Riverboat Casino and other affected Riverboat Casino Assets.
At the Closing Date and Hotel Closing Date respectively, the Seller shall deliver to Purchaser all documents (including all Required Approvals (as such term is defined in Section 8.2(c) hereof) from third parties) necessary to convey title to or assign Seller's interests in the Casino Assets and the Hotel Assets, respectively.