Common use of GAMING CHIPS AND TOKENS Clause in Contracts

GAMING CHIPS AND TOKENS. Subject to SECTION 1.11, all of Seller's gaming chips and tokens (including all (i) slot machine tokens not currently in circulation, and (ii) "reserve" chips, if any, not currently in circulation), except that at Purchaser's written election made within three (3) months following the date of this Agreement, such chips and tokens may be acquired by Purchaser at the Closing without further consideration other than Purchaser's assumption of Seller's liability with respect to chips or tokens in circulation;

Appears in 2 contracts

Samples: Asset Purchase Agreement (Station Casinos Inc), Asset Purchase Agreement (Station Casinos Inc)

AutoNDA by SimpleDocs

GAMING CHIPS AND TOKENS. Subject to SECTION 1.11, all of Seller's gaming chips and tokens (including all (i) slot machine tokens not currently in circulation, and (ii) "reserve" chips, if any, not currently in circulation), except that at Purchaser's written election made within no later than the earlier of the Closing or the date that is three (3) months following the date of this Agreement, such chips and tokens may be acquired by Purchaser at the Closing without further consideration other than Purchaser's assumption of Seller's liability with respect to chips or tokens in circulation;

Appears in 1 contract

Samples: Asset Purchase Agreement (Station Casinos Inc)

AutoNDA by SimpleDocs

GAMING CHIPS AND TOKENS. Subject to SECTION Section 1.11, all ----------------------- ------------ of Seller's gaming chips and tokens (including all (i) slot machine tokens not currently in circulation, and (ii) "reserve" chips, if any, not currently in circulation), except that at Purchaser's written election made within no later than the earlier of the Closing or the date that is three (3) months following the date of this Agreement, such chips and tokens may be acquired by Purchaser at the Closing without further consideration other than Purchaser's assumption of Seller's liability with respect to chips or tokens in circulation;

Appears in 1 contract

Samples: Asset Purchase Agreement (Santa Fe Gaming Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.