Common use of Operative Dates Clause in Contracts

Operative Dates. For purposes of this Section 6, the first year of operations shall begin on the Commencement Date and continue until the first day of the month following the first anniversary of the Commencement Date, and each subsequent year of operations shall be the 12-month period following the end of the previous year. Notwithstanding the foregoing, except as provided in Section 4.5, the Term shall not extend beyond seven years (7) after the Commencement Date.

Appears in 2 contracts

Samples: Management Agreement (Full House Resorts Inc), Management Agreement (Full House Resorts Inc)

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Operative Dates. For purposes of this Section 6, the first year of operations shall begin on the Phase I Commencement Date and continue until the first day of the month following the first anniversary of the Phase I Commencement Date, and each subsequent year of operations shall be the 12-month period following the end of the previous year. Notwithstanding the foregoing, except as provided in Section 4.5subject to Sections 3.2 and 4.4.5, the Term term of this Agreement shall extend up to and through but not extend beyond seven years (7) years after the Phase I Commencement Date.

Appears in 1 contract

Samples: Gaming Facility (Alpha Hospitality Corp)

Operative Dates. For purposes of this Section 6, the first year of operations shall begin on the Commencement Date and continue until the first day of the month following the first anniversary of the Commencement Date, and each subsequent year of operations shall be the 12-month period following the end of the previous year. Notwithstanding the foregoing, except as provided in Section 4.5, the Term Tern shall not extend beyond seven years (7) after the Commencement Date.

Appears in 1 contract

Samples: Gaming Management Agreement (Full House Resorts Inc)

Operative Dates. For purposes of this Section 6, the first year of operations shall begin on the Commencement Date and continue until the first day of the month following the first anniversary of the Commencement Date, and each subsequent year of operations shall be the 12-month period following the end of the previous year. Notwithstanding the foregoing, except as provided in Section 4.5, the Term shall not extend beyond seven years (7) after the Commencement Date. Notwithstanding anything to the contrary, the fiscal year for the Enterprise shall coincide with the Tribe’s fiscal year.

Appears in 1 contract

Samples: Management Agreement (Full House Resorts Inc)

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Operative Dates. For purposes of this Section 6, the first year of operations shall begin on the Commencement Date and continue until the first day of the month following the first anniversary of the Commencement Date, and each subsequent year of operations shall be the 12-month period following the end of the previous year. Notwithstanding the foregoing, except as provided in Section 4.5, the Term shall not extend beyond seven five years (75) after the Commencement Date.

Appears in 1 contract

Samples: Management Agreement (Full House Resorts Inc)

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