NBA Franchise definition

NBA Franchise means the NBA franchise known as the "Denver Nuggets" and all rights of Nuggets Sub and Ascent Sports pursuant to the agreements with the NBA related thereto.
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NBA Franchise. The right of the Borrower under the NBA Charter, as a member of the NBA, to operate a professional basketball team. NBA Partnership Agreement. That certain NBA Market Extension Partnership Agreement dated as of October 25, 1990, and restated as of April 23, 1991, among the NBA franchises. NBA Play Stoppage. A work stoppage or strike by NBA players, or a "lock-out" or similar event preventing NBA players from engaging in NBA games, or the cancellation of at least eight (8) Boston Celtics regular season NBA games as a result of any of the foregoing events. An NBA Play Stoppage shall be deemed to continue until the recommencement of NBA games after a suspension thereof, so long as no further games are canceled.
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NBA Franchise is defined in Section 8.2.
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Examples of NBA Franchise in a sentence

  • CERTAIN NEGATIVE COVENANTS OF THE BORROWER 32 8.1. Restrictions on Indebtedness 32 8.2. Restrictions on Liens 33 8.3. Restrictions on Investments 34 8.4. Merger, Consolidation; Subsidiaries 35 8.5. Employee Benefit Plans 35 8.6. Debt Service Coverage 35 8.7. Distributions 36 8.8. Changes in NBA Franchise 36 8.9. NBA Franchise Valuation 36 8A.

  • Manager shall consult with Owner with respect to the economic effect and feasibility of entering into any Long-Term Agreement with an NBA Franchise.

  • Nuggets Sub is, on the Closing Date, the owner of, and has good and marketable title to, the NBA Franchise, and the NBA Franchise is in material compliance with all of the rules and regulations of, and is in good standing with, the NBA, and all agreements related thereto.

  • All of the obligations of the Borrower under this Agreement will be secured by a first perfected security interest in all tangible and intangible assets, now owned or hereafter acquired by Borrower, including but not limited to a security interest in the NBA Franchise and a leasehold mortgage of the lease between the Borrower and the New Boston Garden Corporation.

  • Manager shall advise Owner if Manager receives a written proposal from an NBA Franchise not held by Manager or an Affiliate of Manager.

  • The Borrower will not permit or agree to (a) any termination of the NBA Franchise, (b) any assignment, transfer, or other disposition by the Borrower of any right or interest of the Borrower in the NBA Franchise other than in connection with events relating to the NBA which affect all NBA teams equally, or (c) any move or relocation of the home site of the NBA Franchise from the premises subject to the Lease.

  • ATTEST BCB FINANCIAL SERVICES CORPORATION -------------------------------- --------------------------------------- Secretary ▇▇▇▇▇▇ ▇.

  • On or before November 30, 1998, the Borrower shall have delivered to the Lender a valuation of the NBA Franchise prepared by a valuation firm acceptable to Lender and showing a value of at least $120,000,000.

  • Manager agrees that after the Revised Initial Term, if no Long-Term Agreement has been entered into with an entity holding an NBA Franchise, Manager may not thereafter condition its review and approval of a Long-Term Agreement on an opportunity of Manager to participate in ownership of the NBA Franchise.

  • Nuggets Sub is , on the Closing Date, the owner of, and have good and marketable title to, the NBA Franchise, and the NBA Franchise is in compliance with all of the rules and regulations of, and is in good standing with, the NBA, and all agreements related thereto.


More Definitions of NBA Franchise

NBA Franchise means and includes membership in and all associated rights, privileges and powers granted by the NBA to the Team, and its successors and assigns, to operate a basketball team and conduct Home Games as a member of the NBA.
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