Casino Management Agreement Sample Clauses

Casino Management Agreement. (a) The parties agree that the Company and MCE shall use commercially reasonable efforts to procure, so far as they are able to, that the Casino Management Agreement is amended as set forth in the Implementation Agreement and that the other matters set forth in annexure G of the Implementation Agreement are implemented.
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Casino Management Agreement. (a) As additional consideration for the right to lease the Leased Premises and the Improvements, either Tenant (prior to the consummation of the VICI Sale-Leaseback Transaction) or Casino Subtenant (following the consummation of the VICI Sale-Leaseback Transaction) shall implement and abide by the terms of the Casino Management Agreement that may materially affect the interest of Landlord under this Lease. The Casino Management Agreement shall not be amended in a manner which materially and adversely affects the interest of Landlord under this Lease without Landlord's and the City Council's prior written consent, which consent shall not be unreasonably withheld, Financially Conditioned or delayed. A copy of the Existing Casino Management Agreement is attached as Exhibit "H" to this Lease and made a part hereof. Any proposed amendment to the Casino Management Agreement shall be delivered to Landlord and the City Council for review and consent if required. If Landlord's interest is viewed as being materially and adversely affected by the amendment, written notice shall be given to either Tenant (prior to the consummation of the VICI Sale-Leaseback Transaction) or Casino Subtenant (following the consummation of the VICI Sale-Leaseback Transaction) within ten (10) Business Days of receipt of the proposed amendment by Landlord and the City Council.
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Casino Management Agreement. Enter into any amendment or modification of the Management Agreement without fifteen (15) days prior written notification to the Bank, accompanied by a true and correct copy of the proposed amendment.
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Casino Management Agreement. (a) Subject to this chapter, a casino licensee or a lessee under a casino lease may, subject to the prior approval of the Commission, enter into a casino management agreement with another person for the management by that other person of:
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Casino Management Agreement. 5.1 .1 Century SA will be awarded and will sign the casino management agreement on the following terms and conditions: Period: For duration of the licence initially 10 years with a guaranteed option to renew for further ten year periods Fees: 1. 4% of gaming revenue (after VAT, but before all other taxes) up to R40 million per year, plus 2. 5% of gaming revenue (after VAT, but before all other taxes) above R40 million per year, plus 3. 7.5% of EBITDA (Earnings before interest, tax, depreciation, amortization and any non-casino management controllable items such as leases, rent or similar). 5.1.2 The percentage referred to in 1 above shall be reduced to three percent (3%) for the first twelve months of casino operation. 5.1.3 The casino department shall report directly to the Board of Directors of Bidco as well as to Century SA. 5.2
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Casino Management Agreement. 11 1.15. Casino Manager/Operator............................................................................11 1.16.
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Casino Management Agreement. (a) As additional consideration for the right to lease the Leased Premises and the Improvements existing at the Execution Date, Tenant shall implement and abide by the terms of the Casino Management Agreement that may materially affect the interest of Landlord under this Lease. The Casino Management Agreement shall not be amended in a manner which materially and adversely affects the interest of Landlord under this Lease without Landlord's and the City Council's prior written consent, which consent shall not be unreasonably withheld, financially conditioned or delayed. A copy of the final terms and conditions of the Casino Management Agreement, which has been reviewed by the City Council in substantially the same form as the final agreement, is attached as Exhibit "H" to this Lease and made a part hereof. Any proposed amendment to the Casino Management Agreement, shall be delivered to Landlord and the City Council for review and consent if required. If Landlord's interest is viewed as being materially and adversely affected by the amendment, written notice shall be given to Tenant within ten (10) Business Days of receipt of the proposed amendment by Landlord and the City Council.
Sample 1
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Casino Management Agreement. (BY AND BETWEEN CCAL & CCA) & HOTEL ------------------------------------------------------------------------- MANAGEMENT AGREEMENT (BY AND BETWEEN CCAL & FKH) --------------------------------------------------- ("THE MANAGEMENT AGREEMENTS") ----------------------------- a. Amendment shall be made to the management agreements such that any and all fees identified therein shall be deemed to have been not due or payable (and therefore shall be deemed to equal 1 'zero') from the inception date of those agreements and shall remain so until no earlier than Jan 1, 2002, whereafter each of CCA (in respect of the Casino Management Agreement) and FKH (in respect of the Hotel Management Agreement) shall, commencing with respect to the financial year beginning January 1, 2002, have the right to declare the fees calculable and payable for their respective management agreements by written notification to the other parties to this agreement which notice shall, i. state from which date (the "declaration date") the respective fees shall become calculable and payable; and ii. not be given earlier than the first day of the financial year within which the declaration date falls; and iii. not be given later than 30 days after the end of the financial year within which the declaration date falls.
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Related to Casino Management Agreement

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • MANAGEMENT AGREEMENT AND FRANCHISE AGREEMENT At or prior to the Closing, Seller shall terminate the Existing Management Agreement and the Existing Franchise Agreement, and Seller shall be solely responsible for all claims and liabilities arising thereunder on, prior to or following the Closing Date. As a condition to Closing, Buyer shall enter into the New Management Agreement and the New Franchise Agreement, effective as of the Closing Date, containing terms and conditions acceptable to Buyer (including, without limitation, such terms and conditions as may be required to accommodate Buyer’s and/or Buyer’s Affiliates’ REIT structure). Seller shall be responsible for paying all costs related to the termination of the Existing Management Agreement. Buyer shall be responsible for paying all reasonable and actual costs of the Franchisor related to the assignment or termination, as applicable, of the Existing Franchise Agreement. Seller shall use best efforts to promptly provide all information required by the Franchisor in connection with the New Franchise Agreement, and Seller and Buyer shall diligently pursue obtaining the same. As a condition to Buyer’s and Seller’s obligation to close under this Contract, Buyer and Manager shall agree, on or before the expiration of the Review Period, on the form and substance of the New Management Agreement.

  • Management Agreement The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • AGREEMENT MANAGEMENT A. Contractor may change Project Manager but the Energy Commission reserves the right to approve any substitution of the Project Manager.

  • FRAMEWORK AGREEMENT MANAGEMENT The Parties shall manage this Framework Agreement in accordance with Schedule 14 (Framework Management).

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Services Agreement “Services Agreement” shall mean any present or future agreements, either written or oral, between Covered Entity and Business Associate under which Business Associate provides services to Covered Entity which involve the use or disclosure of Protected Health Information. The Services Agreement is amended by and incorporates the terms of this BA Agreement.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Management Services Agreement The term "Management Services ----------------------------- Agreement" shall mean this Management Services Agreement by and between Practice and Business Manager and any amendments hereto.

  • Existing Management and Franchise Agreements Seller has furnished to Buyer true and complete copies of the Existing Management Agreement and the Existing Franchise Agreement, which constitutes the entire agreement of the parties thereto with respect to the subject matter thereof and which have not been amended or supplemented in any respect. There are no other management agreements, franchise agreements, license agreements or similar agreements for the operation or management of the Hotel or relating to the Brand, to which Seller is a party or which are binding upon the Property, except for the Existing Management Agreement and the Existing Franchise Agreement. The Improvements comply with, and the Hotel is being operated in accordance with, all requirements of such Existing Management Agreement and the Existing Franchise Agreement and all other requirements of the Existing Manager and the Franchisor, including all “brand standard” requirements of the Existing Manager and the Franchisor. The Existing Management Agreement and the Existing Franchise Agreement are in full force and effect, and shall remain in full force and effect until the termination of the Existing Management Agreement and the Existing Franchise Agreement at Closing, as provided in Article V hereof. No default has occurred and is continuing under the Existing Management Agreement or the Existing Franchise Agreement, and no circumstances exist which, with the giving of notice, the lapse of time or both, would constitute such a default.

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