Progressive Liabilities definition
Progressive Liabilities means, with respect to each Specified Purchased Entity, the sum of (a) the face amounts of the progressive slot machine meters with an in house progressive jackpot feature (if such slot machines are not removed by the vendor at or before the Closing) at the Casino owned, directly or indirectly, by such Specified Purchased Entity and (b) the face amounts of the meters for the table games with an in house progressive jackpot feature at such Casino.
Progressive Liabilities means the liability of an applicable Company, determined in accordance with GAAP, in respect of slot machines and table games with an in-house progressive jackpot feature at the Casinos as of the Closing Date.
Progressive Liabilities means, collectively, the face amounts reflected on (i) Seller’s progressive slot machine meters as of the Transfer Time (if not removed by the vendor at or prior to the Transfer Time); and (ii) the meters for Seller’s table games which possess an in-house progressive jackpot feature as of the Transfer Time.
Examples of Progressive Liabilities in a sentence
On the Closing Date, Seller shall deliver a final accounting of the Progressive Liabilities outstanding as of the Time of Possession, to be reviewed by Buyer within two (2) business days following receipt.
More Definitions of Progressive Liabilities
Progressive Liabilities means, with respect to each Specified Purchased Entity, the sum of (a) the face amounts of the progressive slot machine meters with an in house progressive