Grand Distribution definition
Grand Distribution means the separation of Grand's Mississippi business (which includes the Grand Casino Biloxi, Grand Casino Gulfport and Grand Casino Tunica properties) from its non-Mississippi business. Grand's non-Mississippi business is comprised primarily of the management of two Indian-owned casinos, an interest in the development of the Polo Plaza in Las Vegas, up to $33 million in cash and certain other assets and liabilities. Specifically, the Grand distribution consists of (i) the transfer of all of the assets and liabilities of Grand's non-Mississippi business to Lakes and (ii) the distribution of all of the outstanding shares of Lakes to the holders of Grand common stock, all substantially on the terms described in the Offering Memorandum and in the documentation for the Transactions as currently in effect on December 14, 1998 (without regard to any material amendment, supplement or waiver thereto that is (A) entered into after December 14, 1998 and (B) not contemplated in the Offering Memorandum).
Examples of Grand Distribution in a sentence
UMB Bank, n.a, UMB Distribution Services, LLC, Grand Distribution Services, LLC and UMB Fund Services, Inc.
UMB Bank, n.a, UMB Distribution Services, LLC, Grand Distribution Services, LLC and UMB Fund Service, Inc.
CUSTODIAN NOT YOUR ADVISOR UMB Bank, n.a, UMB Distribution Services, LLC, Grand Distribution Services, LLC and UMB Fund Service, Inc.