Gaming Property definition

Gaming Property of any Person shall mean those properties and assets of such Person which relate to such Person's casino or hotel casino businesses and operations.
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Gaming Property or “Gaming Properties” means one or more of the foregoing: (a)(i) the D▇▇▇▇▇▇ ▇▇ Casino, (ii) the E▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, (iii) the D▇▇▇▇▇▇ ▇▇ Worth Casino, and (iv) the A▇▇▇▇▇ Belle Casino, in each case, so long as it is owned by a Borrower or a Restricted Subsidiary; and (b) any other gaming facility or gaming operation owned and controlled or to be owned and controlled after the Closing Date by a Borrower or a Restricted Subsidiary and that contains, or that based upon a plan approved by such Borrower’s Managers will contain upon the completion of the construction or development thereof, an aggregate of at least 500 slot machines or other gaming devices, provided, in each case, that the property and assets (other than Excluded Assets) of such Gaming Property constitute Collateral.
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Gaming Property means each property described on Schedule G-2.
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Examples of Gaming Property in a sentence

  • Fail, within ten days following the opening of each such account into which Gaming Property is to be deposited, to execute and deliver to the Administrative Agent Deposit Account Agreements granting Liens in each deposit, checking, brokerage or other similar account of Borrower which is opened following the Closing Date with any bank, savings association, financial institution or similar financial intermediary in which Cash or Cash Equivalents will be deposited.

  • The provisions of this Section shall not be construed to require exhaustion by the Creditors of any remedies against the Gaming Property prior to having recourse, in the proper case, against Borrower and Non-Gaming Property.

  • Borrower has furnished to the Lenders the opening balance sheet of the Borrower with respect to the Gaming Property as of the Closing Date.

  • Not convey into trust with the federal government of the United States of America, to be held for the benefit of Borrower or any of its Affiliates, any Gaming Property of Borrower other than interests in real property.

  • Not create, incur, assume or suffer to exist any Recourse Obligation which is not permitted by Section 6.8, or any Lien or other encumbrance upon Gaming Property which is not permitted by Section 6.7.

  • The Gaming Property includes all real, mixed and personal property which is operationally integral to the on-reservation gaming activities of Borrower.

  • As of the Closing Date, Schedule 4.10 sets forth a legal description of all Real Property owned by Borrower or held by the United States government in trust for the benefit of Borrower which is Gaming Property, which legal description is accurate and complete in all material respects.

  • Use any Gaming Property for a purpose which is not related to the business of Borrower or specifically contemplated hereby, expend any funds which are Gaming Property for any purpose which does not directly or indirectly benefit Borrower, or make any Capital Expenditure using funds of Borrower or other Gaming Property except to add to, further improve, maintain, repair, restore or refurbish the Thunder Valley Casino.

  • If, for a period of 5 consecutive Business Days, any Governmental Authority terminates, suspends, amends, revokes, repeals or fails to renew any law, license, franchise, registration, qualification, finding of suitability or other approval or authorization required to enable any Borrower or any of its Restricted Subsidiaries to own, operate, or otherwise conduct or manage its gaming businesses, including at any Gaming Property.

  • In any event, in any action or proceeding to enforce the Loan Documents, the Creditors agree that they shall, to the extent then permitted by applicable Law, take commercially practicable steps to enforce any claim for damages awarded to the Creditors by any court, tribunal, arbitrator or other decision maker against the Gaming Property prior to taking general recourse to Borrower and the Non-Gaming Property.


More Definitions of Gaming Property

Gaming Property means a right to participate in a game of chance regulated under AS 5.15, including without limitation a right to participate that is represented by a pull-tab, bingo card, or raffle or lottery ticket.
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Gaming Property. “Loan Documents”, “Maximum Revolver Amount”, “Permitted Dispositions”, “Restricted Subsidiaries”, “Subordination of Mortgage” and “Subordination of Preferred Fleet Mortgage” in their respective entirety from such Section and inserting in lieu thereof, respectively, the following:
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Gaming Property means any and all now owned or hereafter acquired real, mixed and personal Property of Borrower which is reflected on the balance sheet described in Section 4.7 or any subsequent balance sheet hereafter delivered by Borrower to the Administrative Agent or the Lenders in connection herewith. "Gaming Property" in any event includes without limitation (i) the Thunder Valley Casino, (ii) all gaming revenues of Borrower, including those of the Thunder Valley Casino, (iii) all other revenues of Borrower associated with the Thunder Valley Casino or related entertainment, golf, resort, lodging, food, beverage or similar operations, and (iv) all tangible Property located within the area described on Schedule 4.10 (all such Property being presumed, as amongst the parties hereto, to be Gaming Property).
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Gaming Property or “Gaming Properties” means one or more of the foregoing: (a)(i) the D▇▇▇▇▇▇ ▇▇ Casino, (ii) the E▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, (iii) the D▇▇▇▇▇▇ ▇▇ Worth Casino, (iv) the A▇▇▇▇▇ Belle Casino and (v) the Kansas Star Casino, in each case, so long as it is owned by a Borrower or a Restricted Subsidiary; and (b) any other gaming facility or gaming operation owned and controlled or to be owned and controlled after the Closing Date by a Borrower or a Restricted Subsidiary and that contains, or that based upon a plan approved by such Borrower’s Managers will contain upon the completion of the construction or development thereof, an aggregate of at least 500 slot machines or other gaming devices, provided, in each case, that the property and assets (other than Excluded Assets) of such Gaming Property constitute Collateral. LEGAL_US_W # 66916028.9
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Related to Gaming Property

  • Gaming Equipment means any and all gaming devices, gaming device parts inventory and other related gaming equipment and supplies used in connection with the operation of a casino, including (without limitation), slot machines, gaming tables, cards, dice, chips, tokens, player tracking systems, cashless wagering systems, electronic betting systems, mobile gaming systems and associated equipment which are located at the Casino Components, owned or leased by Operating Company or Mortgage Borrower and used or useable exclusively in the present or future operation of slot machines and live games at the Casino Component, together with all improvements and/or additions thereto.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Gaming Facility means any gaming establishment, facility and other property or assets ancillary or related thereto or used in connection therewith, including, without limitation, any casinos, hotels, resorts, theaters, parking facilities, timeshare operations, retail shops, restaurants, other buildings, land, golf courses and other recreation and entertainment facilities, marinas, vessels and related equipment.

  • Gaming License means any license, permit, franchise or other authorization from any governmental authority required on the date of this Indenture or at any time thereafter to own, lease, operate or otherwise conduct the gaming business of the Company and its Subsidiaries, including all licenses granted under Gaming Laws and other Legal Requirements.