Examples of Resort Hotel and Casino in a sentence
Operator under this Agreement, and the “Managers” under the Crystals Retail Management Agreement and the “Managers” under the Resort Hotel and Casino Management Agreement shall further ensure that designation of Other Personnel shall not cause any undue delay in the performance of such Other Personnel’s performance of their duties, increased cost or expense or other prejudice to the operation of the Condo-Hotel.
The Managers under this Agreement, and the “Operator” under the Vdara Condo-Hotel Management Agreement and the “Managers” under the Resort Hotel and Casino Management Agreement, shall further ensure that designation of Other Personnel shall not cause any undue delay in the performance of such Other Personnel’s performance of their duties, or increased cost or expense or other prejudice to the operation of the Crystals Component.
In the event that the Condo-Hotel shall have negative EBITDAM during any Operating Year, then such calculated negative amounts shall be deducted from the calculation of EBITDAM (as defined in the Hotel and Casino Management Agreement) for the Resort Hotel and Casino in calculating the Incentive Management Fee (as defined in the Hotel and Casino Management Agreement) for the Resort Hotel and Casino.
Redd Family Trust U/T/D 9/22/92, Redd 1996 Trust U/T/D 10/14/96, and Arvada Ranch Properties, LLC, Resorts LLC purchased Si Redd’s Oasis Resort Hotel and Casino for $31.7 million.The Agreement provides for the net income (loss) of Resorts LLC to be allocated to members in proportion to their respective interest in Resorts LLC.
The Parties acknowledge and agree that a termination of the Resort Hotel and Casino Management Agreement for any reason shall result in the immediate termination of this Agreement, without further action of the Parties, which termination shall be effective on, at and as of on the effective date of the termination of the Resort Hotel and Casino Management Agreement.
Owner or an Affiliate thereof shall enter into an agreement with Mandalay Resort Group, a Nevada corporation, relating to the shared use of aircraft for Gaming customers and such other non-executive uses in connection with the operation of the Resort Hotel and Casino Operator substantially in the form attached hereto as Exhibit D (the “Aircraft Time Share Agreement”).
Owner acknowledges and agrees that various pre-opening activities for the Resort Hotel and Casino Operator have commenced as of the Effective Date and are continuing, and will continue to ensure that the Resort Hotel and Casino is ready to accept guests by the Resort Hotel and Casino Opening Date.
If following the Resort Hotel and Casino Opening Date, there are outstanding Pre-Opening Expenses which have not been paid, the Managers shall be entitled to withdraw such amounts (plus interest thereon if such Pre-Opening Expenses were paid by a Manager) from the Operating Account.
Resort Hotel and Casino Operator agrees that it will collect any applicable LET associated with the sale of food, beverage, merchandise or entertainment from the casino and will pay the same to the taxing authority on a timely basis, or if not permitted to pay the same directly, shall remit the LET due to Owner no later than the tenth (10th) day of the month following the month in which the taxable sales occurred.
The Operating Agreement terminates on February 18, 2027.On May 31, 2001, Resorts, LLC a Nevada limited-liability company, was formed pursuant to an operating agreement (“Agreement”) by RBG, as the sole member, for the purpose of acquiring the assets of Si Redd’s Oasis Resort Hotel and Casino in Mesquite, Nevada.