Hotels / Gambling Sample Clauses

Hotels / Gambling. Financing any form of gambling other than (i) a Permitted Gaming Business (which shall mean “a business in respect of which, to the knowledge of the Collateral Manager (after reasonable inquiry), the Obligor or any of its Affiliates hold the required licenses for the jurisdiction in which the business is conducted and are in compliance with the applicable local gaming, betting and gambling legislation and regulation”), (ii) hospitality and/or resort development or the management thereof, (iii) video lottery terminals or (iv) the sale of legal lottery tickets;