Operating Covenant. SECC Owner shall continuously operate (subject to Force Majeure Events) and exclusively use the SECC as a convention, trade show and exposition center and for ancillary uses (but not retail or restaurant uses except consistent with uses as of the date hereof and except in accordance with the further provisions of this Section 1(a) of Article III) in a manner and at a level that shall be no less than the standards as of the date hereof of First-class convention, trade show and exposition centers. The Parties acknowledge that SECC Owner's use and operation on the date hereof satisfies such standards. SECC Owner shall be permitted to add 2,500 square feet of additional retail and/or restaurant space in the SECC.
Appears in 2 contracts
Sources: Reciprocal Easement, Use and Operating Agreement (Las Vegas Sands Corp), Reciprocal Easement, Use and Operating Agreement (Las Vegas Sands Corp)