Gaming Contract Sample Clauses
A Gaming Contract clause defines the terms and conditions under which parties agree to participate in gaming-related activities, such as tournaments, competitions, or collaborative game development. It typically outlines the rules of engagement, eligibility requirements, prize distribution, intellectual property rights, and responsibilities of each party involved. By clearly establishing these parameters, the clause helps prevent disputes, ensures fair play, and protects the interests of all participants.
Gaming Contract. Any of the following shall occur:
(i) any Gaming Contract is not in full force and effect;
(ii) any Loan Party shall have materially breached, on one or more occasions, its obligations under any Gaming Contract; or
(iii) any Gaming Contract shall be amended in any manner that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect; and such Gaming Contract(s) individually or in the aggregate, represented 10% or more of Consolidated EBITDA for the period of four consecutive fiscal quarters of the Borrower and its Consolidated Subsidiaries most recently then ended.