Permitted Amendment Violations Sample Clauses

Permitted Amendment Violations. The State and the Gaming Board shall not permit any Permitted Amendment Violations. A "Permitted Amendment Violation" shall mean a Permitted Riverboat conducting gaming in the Parish of Orleans in violation of a Permitted Amendment. If any Permitted Amendment Violation continues after Notice from the Casino Operator to the Gaming Board and 60 days opportunity to cure by the Gaming Board or the State, and if a court of competent jurisdiction renders a judgment (subject to applicable appellate rights) holding that Permitted Amendment violations did occur and were not timely cured within sixty (60) Days after receipt by the Gaming Board of Notice from the Casino Operator, the Casino Operator will be entitled to seek only the following remedies: (i) specific performance by the Gaming Board and/or the State of the obligations under this Section 1.3(e) - "Permitted Amendment Violations," not to permit Permitted Amendment Violations, and/or (ii) mandamus against the Gaming Board or any other appropriate governmental authority not to permit Permitted Amendment Violations. During the pendency of any judicial action and through final non-appealable judgment concerning Permitted Amendment Violations and at all times thereafter, the Casino Operator shall not be relieved of its obligation to pay the Revenue Share Payments. Any finding of a Permitted Amendment Violation by a judgment of a court of competent jurisdiction shall not at that time or at any time thereafter relieve the Casino Operator of its obligation to pay the Revenue Share Payments.
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Related to Permitted Amendment Violations

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Amendment and Restatement of the Existing Credit Agreement The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 3.01, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to and shall not constitute a novation. All loans made and obligations incurred under the Existing Credit Agreement which are outstanding on the Effective Date shall continue as Obligations under (and shall be governed by the terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to the “Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer to the Agent, this Agreement and the Loan Documents, (b) all obligations constituting “Obligations” with any Lender or any Affiliate of any Lender which are outstanding on the Effective Date shall continue as Obligations under this Agreement and the other Loan Documents, (c) the Agent shall make such reallocations, sales, assignments or other relevant actions in respect of each Lender’s credit and loan exposure under the Existing Credit Agreement as are necessary in order that each such Lender’s outstanding Revolving Credit Advances hereunder reflect such Lender’s Pro Rata Share of the outstanding aggregate Revolving Credit Advances on the Effective Date, (d) the Existing Revolving Credit Advances (as defined in Section 2.01) of each Departing Lender shall be repaid in full (accompanied by any accrued and unpaid interest and fees thereon), each Departing Lender’s “Commitment” under the Existing Credit Agreement shall be terminated and each Departing Lender shall not be a Lender hereunder, and (e) the Borrower hereby agrees to compensate each Lender (including each Departing Lender) for any and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Rate Advances (including the “Eurodollar Rate Advances” under the Existing Credit Agreement) and such reallocation described above, in each case on the terms and in the manner set forth in Section 8.04(c) hereof.

  • Required Amendments The Company and the Member will execute and file any amendment to the Articles required by the Act. If any such amendment results in inconsistencies between the Articles and this Agreement, this Agreement will be considered to have been amended in the specifics necessary to eliminate the inconsistencies.

  • Procedure for Termination, Amendment, Extension or Waiver A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver of this Agreement pursuant to Section 7.04 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors.