Lakes Group definition

Lakes Group. The meaning specified in the Tax Allocation and Indemnity Agreement.
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Lakes Group means Lakes and each other corporation that was a Pre-Distribution Member and, immediately after the Distribution, will be a member of the Affiliated Group in which Lakes is the common parent.
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Lakes Group means Lakes and any Person in which Lakes will own, directly or indirectly, any interest as of the Company Distribution.
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Examples of Lakes Group in a sentence

  • Each member of the Lakes Group shall have been released from all obligations relating to (x) the Company Notes, including the release of the capital stock of each member of the Lakes Group from the obligations and Encumbrances under the Subsidiaries Notes Pledge and (y) the Revolving Credit Facility.

  • Company and each member of the Lakes Group shall use their reasonable best efforts to have the Surviving Corporation and its Subsidiaries be released from any and all liabilities or obligations under or relating to the Indian Gaming and Debt Agreements and Lakes Agreements.

  • If, pursuant to a Final Determination, all or any part of an Income Tax deduction for severance pay is disallowed to any Post-Distribution Company Member, then, to the extent permitted by applicable law, the appropriate member of the Lakes Group shall claim such deduction.

  • If any member of the Post-Distribution Company Group or the Lakes Group, as the case may be, unreasonably fails to provide any information requested pursuant to Section 2, Section 8 or this Section 9, then the requesting party shall have the right to engage an independent certified public accountant of its choice to gather such information.

  • To the extent that any portion of the Stratosphere Tax Benefits allocated to the Lakes Group is realized or received at any time by Company or any other Post-Distribution Company Member that is not entitled to the economic benefit of such portion, then Company shall pay to Lakes the amount of such portion; provided, however, that if the Escrow under Section 4 has not been funded to the full extent provided in Section 4, such payment shall be paid into such Escrow.

  • Company shall make available to Lakes sufficient data to facilitate a determination of the desirability of the transfer to the Lakes Group of any payroll Tax experience and/or any favorable unemployment compensation Tax experience rating of Company.

  • The Recitals hereto, to the extent that they relate to the Great Lakes Group or such Buyer individually, are true and correct in all material respects.

  • The Company Disclosure Schedule lists all of the material liabilities of Company and its Mississippi Subsidiaries (as defined in the Company Distribution Agreement) that arise out of, or are specifically associated with, either the Lakes Business or any member of the Lakes Group.

  • No fractional shares of Lakes common stock are issued in connection with the Merger, and any fractional share was rounded to the nearest whole share.The Merger Agreement specifies the procedure for determining the pre-Merger values of Sartini Gaming and the Lakes Group.

  • Calculation of Value of Merger ConsiderationUnder the Merger Agreement, the number of shares of the Company’s common stock issued in connection with the acquisition of Sartini Gaming in the Merger reflect the pre-Merger value of Sartini Gaming relative to the pre-Merger value of the Lakes Group, which are calculated in accordance with formulas set forth in the Merger Agreement, as described below.


More Definitions of Lakes Group

Lakes Group means Lakes Shipping Company, Inc., Xxxxx X. Xxxxxx and members of his immediate family and Xxxx X. Xxxxxxxxx and members of his immediate family.
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Lakes Group means Lakes and any Person in which Lakes will own, directly or indirectly, any interest as of the Company Distribution. "LOUISIANA GAMING LAWS" shall mean the Louisiana Riverboat Economic Development and Gaming Control Act and the rules and regulations promulgated thereunder. "LOUISIANA INDIAN MANAGEMENT CONTRACTS" shall mean the Amended and Restated Management & Construction Agreement by and between the Coushatta Tribe of Louisiana and Grand Casinos of Louisiana, Inc.--Coushatta, dated February 25, 1992 and the Amended and Restated Management & Construction Agreement by and between the Tunica-Biloxi Tribe of Louisiana and Grand Casino of Louisiana, Inc.--Tunica-Biloxi, dated November 1, 1992. "MATERIAL ADVERSE EFFECT" shall mean, with respect to a Person, any change, occurrence or effect that is or is reasonably likely to be materially adverse to the assets, business, results of operations or condition (financial or otherwise) of such Person and its Subsidiaries, taken as a whole; PROVIDED, HOWEVER, that with respect to (a) the Gaming Co. Business, a "Material Adverse Effect" shall mean a Material Adverse Effect with respect to Gaming Co. and its Subsidiaries, after giving effect to the Hilton Distribution and the other transactions contemplated by the Hilton Distribution Agreement and (b) with respect to the Company Retained Business, a "Material Adverse Effect" shall mean a Material Adverse Effect with respect to Company and its Subsidiaries, after giving effect to the Company Distribution and the other transactions contemplated by the Company Distribution Agreement, but taking into account any contingent liabilities of Company with respect to liabilities assumed by the Lakes Group. "MBCA" shall mean the Minnesota Business Corporation Act, as amended from time to time. "MERGER" shall have the meaning set forth in the Recitals. 7
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Related to Lakes Group

  • DBS Group means any of DBS’s subsidiaries, DBS’s holding company and any subsidiaries of DBS’s holding company;

  • Parkway means the area between a sidewalk and the curb or traffic lane. It may be planted or unplanted, and with or without pedestrian egress.

  • Western means the Board of Trustees of Western Michigan University and the administrative agents of said Board.

  • LLC means Limited Liability Company.

  • Advisory Group has the meaning set forth in Section 9.14(c).

  • Public street means a public right-of-way, including a public highway, public avenue, public boulevard, public parkway, public road, public lane, public alley, public viaduct, public subway, public tunnel, public bridge, public byway, other public transportation easement, or other public way.

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Crosswalk means that part of a roadway at an intersection included within the connections of the

  • Group the Company and its subsidiaries

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • LP means the aggregate quantity of Lost Production during such Month (expressed in MWh) and

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • First Nation means the ___________ First Nation, being a band named in the schedule to the Act;

  • Campus means any place where the college conducts or sponsors educational, public service, or research activities.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Lake means a natural or man-made impoundment of water with more than one acre of water surface area at the high water level.

  • Spring means a source of water where an aquifer comes in contact with the ground surface.

  • CT under the column "LN FEATURE," indicating that the Mortgage Loan is secured by a second or vacation residence; and

  • GP means Gottbetter & Partners, LLP.

  • Gas company means any person distributing gas within the corporate limits or authorized and proposing to so engage.