Gaming Subsidiary definition
Examples of Gaming Subsidiary in a sentence
In the event that Gaming Co. or a Gaming Subsidiary fails to pay any insurance charges when due and payable, whether at the request of the party entitled to payment or upon demand by Hilton or a Retained Business Subsidiary, Hilton or a Retained Business Subsidiary may (but shall not be required to) pay such Insurance Charges for and on behalf of Gaming Co. or a Gaming Subsidiary and thereafter Gaming Co. shall forthwith reimburse Hilton or such Retained Business Subsidiary for such payment.
Neither Engine Gaming nor any Engine Gaming Subsidiary is required to be registered as an “investment company” under the U.S. Investment Company Act of 1940, as amended.
None of Engine Gaming or any Engine Gaming Subsidiary has not sought protection under any applicable bankruptcy or insolvency legislation.
In the event that Hilton or a Retained Business Subsidiary fails to pay any Insurance Charges when due and payable, whether at the request of the party entitled to payment or upon demand by Park Place or a Gaming Subsidiary, Park Place or a Gaming Subsidiary may (but shall not be required to) pay such Insurance Charges for and on behalf of Hilton or a Retained Business Subsidiary and thereafter Hilton shall forthwith reimburse Park Place or such Gaming Subsidiary for such payment.
In the event that Park Place or a Gaming Subsidiary fails to pay any insurance charges when due and payable, whether at the request of the party entitled to payment or upon demand by Hilton or a Retained Business Subsidiary, Hilton or a Retained Business Subsidiary may (but shall not be required to) pay such Insurance Charges for and on behalf of Park Place or a Gaming Subsidiary and thereafter Park Place shall forthwith reimburse Hilton or such Retained Business Subsidiary for such payment.
Park Place shall also be entitled, in perpetuity, to control the assertion or waiver of all Privileges in connection with Privileged Information which relates solely to the subject matter of any claims constituting Gaming Group Liabilities, now pending or which may be asserted in the future, in any lawsuits or other proceedings initiated against or by Park Place or a Gaming Subsidiary, whether or not the Privileged Information is in the possession of or under the control of Hilton or Park Place.
In the event that Hilton or a Retained Business Subsidiary fails to pay any Insurance Charges when due and payable, whether at the request of the party entitled to payment or upon demand by Gaming Co. or a Gaming Subsidiary, Gaming Co. or a Gaming Subsidiary may (but shall not be required to) pay such Insurance Charges for and on behalf of Hilton or a Retained Business Subsidiary and thereafter Hilton shall forthwith reimburse Gaming Co. or such Gaming Subsidiary for such payment.
No act or proceeding has been taken by or against Engine Gaming or any Engine Gaming Subsidiary in connection with the dissolution, liquidation, winding up, bankruptcy or reorganization of Engine Gaming or Engine Gaming Subsidiaries, as applicable, or for the appointment of a trustee, receiver, manager or other administrator of Engine Gaming or any Engine Gaming Subsidiary, as applicable, or any of their properties or assets nor, to the Knowledge of Engine Gaming, is any such act or proceeding threatened.
All of the outstanding shares of capital stock of the Gaming Subsidiary are validly issued, fully paid and nonassessable and, except as set forth in SCHEDULE 5.2(B), are owned by Comdata of record and beneficially free from all Encumbrances of any kind.
Except as set forth on SCHEDULE 5.11(C), and except for Permitted Encumbrances, there are no agreements or other documents governing or affecting the occupancy or tenancy of any of the Gaming Business Leased Real Property by Comdata or the Gaming Subsidiary or by any Person other than Comdata or the Gaming Subsidiary.