Dominion Agreement definition
Examples of Dominion Agreement in a sentence
Lakes further acknowledges and agrees that transfers from the Project Dominion Account to Project Accounts under Section 2.8(b) of the Management Contract and payment of the Minimum Guaranteed Monthly Payment shall be timely made notwithstanding any provision of this Dominion Agreement (except as otherwise provided under Section 5.2 hereof).
After a Band Event of Default and the giving of such notice, payments shall be made in accordance with Section 4.19.6 above and, to the extent not inconsistent with that subsection, the Dominion Agreement, prior to payments of any remaining Net Revenues to the Band.
Water delivered under the Dominion Agreement shall not be assignable to any other Member.
The Lakes Working Capital Advance Note shall be a Limited Recourse obligation of the Band and shall be secured by the Dominion Agreement and the Lakes Security Agreement.
The Band's right to payment of the Monthly Distribution Payments until termination shall be absolute and not subject to setoff or recoupment by Manager or Lakes, except as specifically provided in this Agreement, the Development Agreement, or the Dominion Agreement.
The parties agree and expressly warrant that neither the Management Agreement nor any exhibit thereto is a mortgage or lease and, consequently, does not convey any present interest whatsoever in the Facility or the Gaming Site, nor any proprietary interest in the Enterprise itself; except, with regard to the Dominion Account, the security interest created by the Dominion Agreement and, with regard to the Furnishings and Equipment, the security interest created by the Lakes Security Agreement.
All remaining Net Revenues (the "Monthly Distribution Payment") shall be distributed to the Band, prior to a Band Event of Default and such notice as Manager may be required to give before exercising rights under the Dominion Agreement, at the same time the Management Fee is paid.
Great Lakes shall promptly execute and deliver subordination agreements pertaining to the Dominion Agreement, the Lakes FF&E, the Other FF&E and any other collateral of Great Lakes at or related to the Facility with regard to any Bank Lender or Equipment Lender, which agreements shall contain provisions reasonably acceptable to Great Lakes and such lenders.
Great Lakes shall promptly execute and deliver subordination agreements pertaining to the Dominion Agreement and the Lakes Security Agreement with regard to any such manager, lender or lessor, which agreements shall contain provisions reasonably acceptable to Great Lakes and the manager, lenders or lessors.
All sums on deposit in or payable or withdrawable from the Cash Collateral Dominion Agreement shall cash collateralize the Term Loans and shall not be used by the Borrower for any other purpose.