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.
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.
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.
Except for the slot machines and other assets listed in Schedule 1.4, none of the Casino Assets or Hotel Assets present on the Execution Date will be removed, sold, or disposed of before the respective closing dates, except in ordinary course of business.
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.
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.
The determination of which bidder has submitted the highest and/or best offer for the Closing Shares and/or the Riverboat Casino Assets, as applicable, at the Auction shall be made by the Committee in its sole discretion after consultation with the Bondholders, Seller and the Company, subject to the final determination by the Court at the Sale Hearing.
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.