Common use of Master Plans Clause in Contracts

Master Plans. A set of preliminary and conceptual plans for the Rangers Complex. MLB Agency Agreement. MLB Agency Agreement shall mean the Amended and Restated Agency Agreement, effective as of January 1, 2013, by and among Major League Baseball Properties, Inc., the various Major League Baseball Clubs and the BOC (and the Operating Guidelines related thereto), as may be amended, supplemented or otherwise modified from time to time. MLB Approval. MLB Approval shall mean, with respect to the Major League Baseball Clubs, the Commissioner, the BOC or any other MLB Entity, any approval, consent or no- objection letter required to be obtained from such Person(s) pursuant to the MLB Rules and Regulations (as exercised in the sole and absolute discretion of such Person(s)). MLB Entity. MLB Entity shall mean each of the BOC, Major League Baseball Properties, Inc., The MLB Network, LLC, MLB Advanced Media, L.P., and/or any of their respective present or future affiliates, assigns or successors. MLB Governing Documents. MLB Governing Documents shall mean the following documents as in effect from time to time and any amendments, supplements or other modifications thereto and all replacement or successor documents thereto that may in the future be entered into: (a) the Major League Constitution, (b) the Basic Agreement between the Major League Baseball Clubs and the Major League Baseball Players Association, (c) the Professional Baseball Agreement between the BOC, on behalf of itself and the Major League Baseball Clubs, and the National Association of Professional Baseball Leagues, (d) the Major League Rules (and all attachments thereto), (e) the Interactive Media Rights Agreement, effective as of January 20, 2000, by and among the BOC, the various Major League Baseball Clubs, MLB Advanced Media, L.P. and various other MLB Entities and (f) each agency agreement and operating MLB Ownership Guidelines. The “Memorandum re: Ownership Transfers – Guidelines & Procedures” issued by the Commissioner on February 16, 2017, as the same may be amended, supplemented, or otherwise modified from time to time. MLB Rules and Regulations. MLB Rules and Regulations shall mean (a) MLB Governing Documents, (b) any present or future agreements or arrangements entered into by, or on behalf of, the BOC, any other MLB Entity or the Major League Baseball Clubs acting collectively, including, without limitation, agreements or arrangements entered into pursuant to the MLB Governing Documents, and (c) the present and future mandates, rules, regulations, policies, practices, bulletins, by-laws, directives or guidelines issued or adopted by, or on behalf of, the Commissioner, the BOC or any other MLB Entity as in effect from time to time, including, without limitation, the MLB Ownership Guidelines and the MLB Securitization Guidelines. MLB Securitization Guidelines. MLB Securitization Guidelines shall mean collectively, the “Memorandum re: Securitization of Major League Club Assets” issued by the BOC on November 9, 2005, and the “Memorandum re: Securitization of Major League Club Assets – Amended & Restated Guidelines & Procedures” issued by the BOC on November 11, 2016, in each case, as the same may be amended, supplemented, or otherwise modified from time to time. Mortgagee Protections. Mortgagee Protections shall means, with respect to any Leasehold Mortgagee, all of the rights, protections, and privileges afforded such Leasehold Mortgagee hereunder, including: (a) rights to receive notices and cure defaults; (b) the right to provide or withhold such Leasehold Mortgagee’s consent, where required hereby; (c) the right to a new lease on the terms specified herein; and (d) all other rights, remedies, protections, privileges, and powers of such Leasehold Mortgagee and any Person claiming through or under such Leasehold Mortgagee. Motor Vehicle Rental Tax. The short-term motor vehicle rental tax authorized by the Election and subchapter E of the Act, which shall not exceed 5% (Five Percent) on the gross receipts from the rental in the City of a motor vehicle. Name Sponsor. Each sponsor for which all or a portion of the Rangers Complex is named from time to time.

Appears in 1 contract

Sources: Ballpark Funding and Closing Agreement

Master Plans. A set of preliminary and conceptual plans for the Rangers Complex. MLB Agency Agreement. MLB Agency Agreement shall mean the The Amended and Restated Agency Agreement, effective as of January 1, 20132020, by and among the various Major League Baseball Clubs, the BOC, Major League Baseball Properties, Inc.Inc. and MLB Advanced Media, the various Major League Baseball Clubs and the BOC L.P. (and the Operating Guidelines related thereto), as may be amended, supplemented or otherwise modified from time to time. MLB Approval. MLB Approval shall mean, with With respect to the Major League Baseball Clubs, the Commissioner, the BOC or any other MLB Entity, any approval, consent or no- no-objection letter required to be obtained from such Person(s) pursuant to the MLB Rules and Regulations (as exercised in the sole and absolute discretion of such Person(s)). MLB Entity. MLB Entity shall mean each Each of the BOC, Major League Baseball Properties, Inc., The MLB Network, LLC, MLB Advanced Media, L.P., L.P. and/or any of their respective present or future affiliates, assigns or successors. MLB Governing Documents. MLB Governing Documents shall mean the The following documents as in effect from time to time and any amendments, supplements or other modifications thereto and all replacement or successor documents thereto that may in the future be entered into: (a) the Major League Constitution, (b) the Basic Agreement between the Major League Baseball Clubs and the Major League Baseball Players Association, (c) the Professional Baseball Agreement between the BOC, on behalf of itself and the Major League Baseball Clubs, and the National Association of Professional Baseball Leagues, (d) the Major League Rules (and all attachments thereto), (e) the Amended and Restated Interactive Media Rights Agreement, effective as of January 201, 20002020, by and among the BOCCommissioner, the various Major League Baseball Clubs, the BOC, MLB Advanced Media, L.P. and various other MLB Entities and (f) each agency agreement and operating guidelines among the Major League Baseball Clubs and any MLB Entity, including, without limitation, the MLB Agency Agreement. MLB Ownership Guidelines. The “Memorandum re: Ownership Transfers – Amended and Restated Guidelines & Procedures” issued by the Commissioner on February 166, 20172018, as the same may be amended, supplemented, or otherwise modified from time to time. MLB Rules and Regulations. MLB Rules and Regulations shall mean (a) MLB Governing Documents, (b) any present or future agreements or arrangements entered into by, or on behalf of, the BOC, any other MLB Entity or the Major League Baseball Clubs acting collectively, including, without limitation, agreements or arrangements entered into pursuant to the MLB Governing Documents, and (c) the present and future mandates, rules, regulations, policies, practices, bulletins, by-laws, directives or guidelines issued or adopted by, or on behalf of, the Commissioner, the BOC or any other MLB Entity as in effect from time to time, including, without limitation, the MLB Ownership Guidelines and the MLB Securitization Guidelines. MLB Securitization Guidelines. MLB Securitization Guidelines shall mean collectively, the “Memorandum re: Securitization of Major League Club Assets” issued by the BOC on November 9, 2005, and the “Memorandum re: Securitization of Major League Club Assets – Amended & Restated Guidelines & Procedures” issued by the BOC on November 11, 2016, in each case, as the same may be amended, supplemented, or otherwise modified from time to time. Mortgagee Protections. Mortgagee Protections shall means, with respect to any Leasehold Mortgagee, all of the rights, protections, and privileges afforded such Leasehold Mortgagee hereunder, including: (a) rights to receive notices and cure defaults; (b) the right to provide or withhold such Leasehold Mortgagee’s consent, where required hereby; (c) the right to a new lease on the terms specified herein; and (d) all other rights, remedies, protections, privileges, and powers of such Leasehold Mortgagee and any Person claiming through or under such Leasehold Mortgagee. Motor Vehicle Rental Tax. The short-term motor vehicle rental tax authorized by the Election and subchapter E of the Act, which shall not exceed 5% (Five Percent) on the gross receipts from the rental in the City of a motor vehicle. Name Sponsor. Each sponsor for which all or a portion of the Rangers Complex is named from time to time.

Appears in 1 contract

Sources: Rangers Ballpark Lease Agreement