CCR Services Sample Clauses
CCR Services. With respect to CCR, the term of this Agreement: (A) with respect to the CCR General Management Services, shall commence as of the Effective Date and shall continue until this Agreement is terminated in accordance with Section 4.3, Section 6, Section 7 or Sections 9.3 or 9.4 of this Agreement; and (B) with respect to Development Services for any Eligible Operation prior to the time it is pursued by an Eligible NewCo, shall commence at such time as such Eligible Operation is accepted by the Management Committee of CCR in accordance with the procedures set forth in the Operating Agreement and shall continue until the earlier of the date of formation of the applicable Eligible NewCo (and, at such time, shall be transitioned from being performed for CCR to being performed for such Eligible NewCo pursuant to Section 2.4 above) or the date this Agreement is terminated in accordance with Section 4.3, Section 6, Section 7 or Sections 9.3 or 9.4 of this Agreement.
CCR Services. Manager shall, at CCR’s expense, perform those General Management Services as may be applicable to CCR or as may be necessary or appropriate to enable CCR to effectively and efficiently conduct CCR’s business of being a holding company with respect to the Casino Operations including, without limitation (the “CCR General Management Services”):
(i) Manager shall prepare an Annual Operating Budget and a Long-Term Budget (collectively, for any and all Casino Operations, and together with any Pre-Opening Budget, Construction Budget and Development Budget, the “Budgets”) in consultation with, and subject to the approval of, the Managers (as defined in the Operating Agreement) of the Management Committee of CCR designated by OCM AcquisitionCo, LLC (the “Oaktree Managers”), and revise and update such Budgets in consultation with, and subject to the approval of, the Oaktree Managers.
(ii) Other than as such action may involve a manager or equityholder of Manager or a direct family member of a manager or equityholder of Manager (which, in each case, shall require the prior written consent of the Oaktree Managers before Manager may proceed; provided, that, those related party transactions set forth on Schedule 3.25 of the CUPA shall not require such prior written consent so long as the terms of such related party transactions do not change in any material respect; provided, further, that the promotion of a direct family member of a manager or equityholder of Manager from a position set forth on Schedule 3.25 of the CUPA to a position substantially identical in title and function to a then-existing non-Senior Officer position of CCR or an Owner, at a salary commensurate with what would be paid to such non-Senior Officer if not such a direct family member, shall not require such prior written consent so long as such promotion is justified based on past performance as reasonably determined by Manager), Manager shall arrange for the employment, payment, supervision and discharge of employees of CCR, subject to the Section 5.5 and 5.8 of the Operating Agreement and in accordance with CCR-approved policies adopted, revised and updated by the Management Committee of CCR from time to time.
(iii) Other than as such action may involve payments to Manager or an Affiliate, manager, officer or equityholder of Manager or an Affiliate or direct family member of a manager, officer or equityholder of Manager (which, in each case, shall require the prior written consent of the Oaktree...