Examples of Louisiana Gaming Regulations in a sentence
Pursuant to the State of Louisiana Gaming Regulations, the Partnership shall, at least thirty (30) days prior to Closing, submit for approval of the Louisiana State Police, Casino Gaming Division (the “Casino Gaming Division”) a plan for the redemption and destruction of all chips, tokens and plaquemines at the Hotel/Casino (both as of the Closing Date and at the conclusion of the redemption period provided in the following paragraph).
Pursuant to the State of Louisiana Gaming Regulations and as approved and directed by the Casino Gaming Division, Sellers shall, for a period of not less than one hundred twenty (120) days after the Closing, redeem for cash all of the Partnership’s gaming chips, tokens and plaquemines issued prior to the Closing.
R.S. 27:275 et seq., Mortgagee is hereby authorized and empowered to file a petition to foreclose this Mortgage in which LGCB is named a nominal defendant and in which Mortgagee requests the appointment of a receiver as contemplated by and in accordance with the provisions of the cited statutes and applicable Louisiana Gaming Regulations.
Upon the expiration or earlier termination of the License Agreement, Buyer will (i) cease to issue or use and will not reissue or reuse any of Seller’s gaming chips, tokens or plaquemines and (ii) be solely responsible and liable for compliance with applicable Louisiana Gaming Regulations or other Gaming Laws, including any obligation to destroy such gaming chips, tokens or plaquemines.
R.S. 27:275 et seq., Mortgagee is hereby authorized and empowered to file a petition to foreclose this Mortgage in which the LGCB is named a nominal defendant and in which Mortgagee requests the appointment of a receiver as contemplated by and in accordance with the provisions of the cited statutes and applicable Louisiana Gaming Regulations.
This Mortgage and the exercise of the remedies hereunder are and shall remain subject to Louisiana Gaming Regulations.
This Mortgage and the exercise of the remedies hereunder are and shall remain subject to the Louisiana Gaming Regulations.
Debtor and Secured Party further acknowledge that the riverboat gaming license held by Debtor is not part of the Collateral and that, under the Louisiana Gaming Regulations, Secured Party may be precluded from or otherwise limited in taking possession of or selling the Collateral pursuant to the remedies provisions of this Agreement.
Debtor and Secured Party --------------------------- acknowledge that, to the extent required under applicable law, the consummation of the transactions contemplated hereby and the exercise of remedies hereunder may be subject to the Louisiana Riverboat Economic Development and Gaming Control Act, La. R.S. 27:41 et seq., the Louisiana Gaming Control Law, La. R.S. 27:1 et seq., and the rules and regulations thereunder, all as amended from time to time (collectively, the "Louisiana Gaming Regulations").