Common use of Disclosure Amendments Clause in Contracts

Disclosure Amendments. MPM agrees that whenever there is within the meaning of 25 CFR Part 502 and Part 537, et. seq.: (i) any material change in the information disclosed pursuant to this Section 13, (ii) any change in the person or entity responsible for the management contract, (iii) any change in a person who is a director of a corporation that is a party to the management contract; (iv) any change in the ten (10) persons or entities who have the greatest direct or indirect financial interest in the management contract; or (v) any change in any other person or entity with a direct or indirect financial interest in the management contract otherwise designated by the NIGC, it shall notify MBPI of such change not later than thirty (30) days following the change or within ten (10) days after it becomes aware of such change, whichever is later. In the event a material change in the information disclosed pursuant to this Section 13.4 requires MPM to submit additional background information to the NIGC, MPM shall do so in sufficient time to permit the NIGC to complete its background investigation by the time the individual is to assume management responsibility for or the management contractor is to begin managing the gaming operation, and within ten (10) days of any proposed change in financial interest. All of the warranties and agreements contained in this Section 13 shall apply to any person or entity that would be listed in this Section 13 as a result of such changes.

Appears in 2 contracts

Samples: Management Agreement, Management Agreement (Station Casinos Corp.)

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Disclosure Amendments. MPM Manager agrees that whenever there is within the meaning of 25 CFR Part 502 and Part 537, et. seq.: (i) any material change in the information disclosed pursuant to this Section 13, 15; (ii) any change in the person or entity responsible for the management contract, ; (iii) any change in a person who is a director of a corporation that is a party to the management contract; (iv) any change in the ten (10) persons entity or entities who have the greatest direct or indirect person with a financial interest in the management contract; or (v) any change in any other person or entity with a direct or indirect financial interest in the management contract otherwise designated by the NIGC, it Manager shall notify MBPI the Tribe and the NIGC of such change not later than thirty ten (3010) business days following the change or within ten (10) business days after it becomes aware of such change, whichever is later. In accordance with 25 C.F.R. § 537.2, Manager shall submit to the event a material NIGC the background information required in 25 C.F.R. § 537.1 within ten (10) business days of any such proposed change in the information disclosed pursuant to this Section 13.4 requires MPM to submit additional background information to the NIGC, MPM shall do so financial interest and in sufficient time to permit the NIGC to complete its background investigation by the time the individual is to assume management responsibility for for, or the management contractor is to begin managing managing, the gaming operation, and within ten (10) days of any proposed change in financial interest. All of the warranties and agreements contained in this Section 13 15 shall apply to any person or entity that who would be listed in this Section 13 as a result fall under any of such the aforementioned changes.

Appears in 2 contracts

Samples: Management Agreement (Mohegan Tribal Gaming Authority), Management Agreement (Mohegan Tribal Gaming Authority)

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