Desert Passage definition

Desert Passage means a high-end themed entertainment shopping mall with a gross leasable area of approximately 450,000 square feet.
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Desert Passage is defined in clause (b) of the fourth recital of the Credit Agreement.
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Desert Passage shall have the meaning set forth in the Preliminary Statements.
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Examples of Desert Passage in a sentence

  • See “Management's Discussion and Analysis of Financial Condition and Results of Operations – Results of Operations – Comparison of Year Ended December 31, 2003 to Year Ended December 31, 2002.” In July 2003, we reached an agreement in which we agreed to end litigation and resolve standing disputes concerning the development and subsequent bankruptcy of the hotel and casino adjacent to our Desert Passage project.

  • This allowance for loss reflected the negative impact of the September 2001 terrorist attacks on tourism, upon which Hollywood & Highland and Desert Passage depend for a significant portion of their visitors.

  • The manpower service provider shall be solely responsible for the redressal of grievances or resolution of disputes relating to person deployed.

  • In January 2003, we sold Paseo Colorado, a 565,000-square-foot, mixed-use re-development in Pasadena, California, for approximately $113.5 million of gross proceeds.In the fourth quarter of 2001, we recorded an allowance for loss related to Hollywood & Highland and Desert Passage, a 475,000 square-foot hotel and casino complex in Las Vegas, Nevada, of approximately $239.4 million.

  • In addition, Desert Passage was impacted by the September 2001 filing of a Chapter 11 reorganization by the unaffiliated owners of the Aladdin Hotel and Casino, which is adjacent to Desert Passage and upon which Desert Passage further depends for a significant portion of its visitors.

  • The gain on sale of Desert Passage was approximately $26.5 million.

  • For the year ended September 29, 2001, an impairment charge of $10,045,000 was incurred on the Company's restaurant operations at Desert Passage, the retail complex at the Aladdin Resort & Casino in Las Vegas, Nevada, to reduce the operations' assets to their estimated fair values (see Note 2).

  • Purpose of the Assignment The purpose of the assignment is to estimate the market value of the +/- 4.75 acres of land allocated to the 1,000-room hotel and casino and the market value of the +/- 12.42 acres of land allocated to the Desert Passage Shopping Center.

  • Four restaurants are within the Venetian Casino Resort as well as four food court concepts; one restaurant is within Desert Passage which adjoins the Aladdin Casino Resortalong with six food court concepts; and one restaurant within the Forum Shops at Caesar's Shopping Center.

  • The +/- 4.75-acre parcel is to be improved with a roughly 1,000-room hotel and casino with roughly 50,000 square feet of casino space, while the +/- 12.42-acre parcel will be improved with a +/- 450,000 square foot shopping center and parking garage (the Desert Passage).


More Definitions of Desert Passage

Desert Passage is defined in CLAUSE (B) of the FOURTH RECITAL of the Credit Agreement.
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Desert Passage is defined in clause (b) of the fourth recital.
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Desert Passage means the pending project by Aladdin Bazaar to develop, construct and operate the Desert Passage, as described in the Offering Memorandum of the Issuers dated February 18, 1998, relating to the Units.
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Related to Desert Passage

  • Existing Contamination means any Contamination present on, or under, the Site as of the execution date of this Contract.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Tree means any object of natural growth.

  • Watertight means capable of preventing the passage of water through the structure in any direction under a head of water for which the surrounding structure is designed.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Underground mining means all methods of mining other than surface mining.

  • Real estate transaction or "transaction" means an actual or prospective transaction involving a purchase, sale, option, or exchange of any interest in real property or a business opportunity, or a lease or rental of real property. For purposes of this chapter, a prospective transaction does not exist until a written offer has been signed by at least one of the parties.