Common use of Cross-Termination Clause in Contracts

Cross-Termination. 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.

Appears in 2 contracts

Sources: Retail Management Agreement, Retail Management Agreement (CityCenter Holdings, LLC)

Cross-Termination. 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 and the Crystals Retail Management 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.

Appears in 2 contracts

Sources: Operations Management Agreement, Condo Hotel Operations Management Agreement (CityCenter Holdings, LLC)