Common use of Effect of Permitted Transfer Clause in Contracts

Effect of Permitted Transfer. Consent to any particular Transfer shall not be deemed to be consent to any other Transfer or a waiver of the requirement that consent be obtained in the case of any other Transfer. Upon any Transfer by Tenant or Manager permitted under this ARTICLE VIII or consented to by the other Party, the transferor shall be relieved of all liabilities and obligations under this Agreement accruing from and after the effective date of such Transfer.

Appears in 2 contracts

Samples: Hotel and Casino Management Agreement, Hotel and Casino Management Agreement (Harrahs Entertainment Inc)

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Effect of Permitted Transfer. Consent A consent to any particular Transfer shall not be deemed to be a consent to any other Transfer or a waiver of the requirement that consent be obtained in the case of any other Transfer. Upon any Transfer by Tenant Owner or Manager (whether permitted under this ARTICLE VIII Section 11.4 or consented to by the other Party), the transferor shall be relieved of all liabilities and obligations under this Agreement accruing from and after the effective date of such Transfer. No such Transfer shall relieve the transferor from its liabilities or obligations under this Agreement accruing prior to the effective date of the Transfer.

Appears in 1 contract

Samples: Resort Management Agreement (Pinnacle Entertainment Inc.)

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Effect of Permitted Transfer. Consent A consent to any particular Transfer shall not be deemed to be a consent to any other Transfer or a waiver of the requirement that consent be obtained in the case of any other Transfer. Upon any Transfer by Tenant Owner or Manager permitted under this ARTICLE VIII XI or consented to by the other Party, the transferor shall be relieved of all liabilities and obligations under this Agreement accruing from and after the effective date of such Transfer.

Appears in 1 contract

Samples: Hotel and Casino Management Agreement (Caesars Acquisition Co)

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