Laurel Racing Assoc Sample Clauses

Laurel Racing Assoc. Inc., a Maryland corporation ("LRAI"), owns the general partner interest in LRALP. Guida owns the entire limited partner interest in LRALP (the "LP Interest"). Pimlico Racing Association, Inc., a Maryland corporation ("PRAI"), owns all of the issued and outstanding shares of capital stock of the Jockey Club. Each Seller (other than Guida) owns as of the date hereof and will own on the Closing Date the respective number and shares of capital stock of LRAI and PRAI set forth on SCHEDULE 1 hereof, which shares in the aggregate constitute all of the issued and outstanding shares of capital stock of LRAI and PRAI as of the times indicated thereon (the "Shares," and together with the LP Interest, hereinafter collectively referred to as, the "Stock").
Sample 1
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