Gaming Approval Clause Samples

Gaming Approval. This Assignment is governed by the Nevada Gaming Control Act and shall not be effective for any purpose whatsoever until approved by the Nevada Gaming Commission.

Gaming Approval. The Borrower shall have provided the Lender with evidence reasonably satisfactory to the Lender that the Borrower and its Subsidiaries have received all necessary approvals, if any, for the Loan Documents from the Gaming Authorities.

Gaming Approval. Buyer shall have obtained MGC approval in accordance with Section 4 and IRGC approval of the SIG Agreement and the ▇▇▇▇ Casino Agreement in accordance with the terms of those Agreements.

Gaming Approval. Notwithstanding anything to the contrary herein or in any of the other Loan Documents, the parties hereto acknowledge and agree that: (a) To the extent that the approval of a Gaming Authority is required under applicable Gaming Laws for the pledge of any of the Collateral consisting of Equity Interests to be effective, the pledge of such Equity Interests will not be effective without such approval; provided, that upon receipt of such approval, such pledge shall become immediately effective without any act or action of any party; provided, further, that until receipt of such approval, physical delivery of certificates representing such pledged Equity Interests shall not be required. (b) The physical location of all certificates evidencing the Pledged Collateral shall at all times remain within the territory of the State of Nevada (or, as applicable under the law of another state, in such state) and each such certificate shall be made available for inspection by agents of any Gaming Authority upon request.

Gaming Approval. With respect to a Person, a license or finding of suitability required by a Gaming Authority under the Gaming Laws in order for such Person to hold an equity interest in the Company or actively engage in the management of the Company. Gaming Authorities. Those federal, state, local and other governmental, regulatory and administrative authorities, agencies, boards and officials responsible for or involved in the regulation of gaming or gaming activities or the sale of liquor in any jurisdiction, within the State of Nevada specifically, the Nevada Gaming Authorities, and within the State of Louisiana, the Louisiana Gaming Control Board.

Gaming Approval. With respect to a Person, a license or finding of suitability required by a Gaming Authority under the Gaming Laws in order for such Person to hold an equity interest in the Company or actively engage in the management of the Company. Gaming Authorities. Those federal, state, local and other governmental, regulatory and administrative authorities, agencies, boards and officials responsible for or involved in the regulation of gaming or gaming activities or the sale of liquor in any jurisdiction and, within the State of Nevada specifically, the Nevada Gaming Authorities.

Gaming Approval. The Borrower shall have obtained all regulatory approvals and consents to the execution and delivery of the Loan Agreement and the other Loan Documents required to be obtained by the Borrower from the State of Maryland Lottery & Gaming Control Agency.

Gaming Approval. The Landcadia Parties shall use commercially reasonable efforts to (i) obtain from, make or give to any Governmental Authorities all Gaming Approvals, (ii) make all necessary filing, and thereafter make any other required submissions with respect to this Agreement and the transactions contemplated hereby, as required under applicable Gaming Laws, and (iii) comply with the terms and conditions of all Gaming Approvals. The Landcadia Parties and their Representatives and Affiliates shall use commercially reasonable efforts to (x) file, as promptly as is reasonably practicable, all required initial applications and documents in connection with obtaining the Gaming Approvals from the applicable Gaming Regulatory Authorities, and (y) act diligently and promptly to pursue such Gaming Approvals in connection with the making of all filings and submissions required hereby.

Gaming Approval. (A) This Pledge Agreement shall not be effective until it is approved by the Nevada Gaming Commission; (B) Notwithstanding approval by the Nevada Gaming Commission pursuant to subparagraph (A) above, other approvals may be required before certain transactions relating to this Pledge Agreement may occur, including, but not limited to, the following: (i) Any re-registration or action similar to re-registration of the Pledged Shares must be approved in advance by the State Gaming Control Board in accordance with NRS 463.5 10 and Section 8A.040 of the Regulations; (ii) Any foreclosure, sale, transfer, or other disposition of the Pledged Shares must be approved in advance by the Commission in accordance with NRS 463.5 10 and NGC Sections 8A.020 and 8A.030 of the Regulations, and shall not be effective unless so approved; and (iii) Pursuant to Regulation 8A.040, the payment or receipt of any money or other thing of value constituting any part of the consideration for the transfer or acquisition of the Pledged Stock must be approved in advance by the Commission and the Board, except that such consideration may be placed in escrow pending the necessary approvals; and (C) The certificates representing the Pledged Shares shall at all times remain physically within the State of Nevada at a location designated to the State Gaming Control Board and must be made available for inspection by employees or agents of the State Gaming Control Board immediately upon request during normal business hours.