Common use of Slippage Clause in Contracts

Slippage. 6.1 In view of the current and prospective economic benefits afforded to the State and to all other parties benefiting from the commercial activities operated at Lincoln Park, and in order to better assure, throughout the Term, that Lincoln Park and the Business conducted thereon will be able to compete fairly with any other Gaming Facilities operating from time to time within the State, during the Term, the State, including any agency or instrumentality thereof, and the Division, do hereby expressly pledge and agree that the owner of Lincoln Park and the Business operated thereon shall be afforded Slippage Protection with any other Gaming Facility except as currently exists for Lincoln Park and Newport ▇▇▇ ▇▇▇▇ under the provisions of Rhode Island General Laws 42-61.2 7(a)(2) as currently in effect if: (i) During the Term of this Agreement, a new Gaming Facility located wholly or partially within the State opens to the public for business; (ii) Neither UTGR nor any UTGR Business Affiliate is involved in any way in the operation or ownership of such new Gaming Facility; and (iii) UTGR is not in default of any material covenant, term or condition of this Agreement that has not been cured within the applicable cure periods set forth in Section 12 of this Agreement.

Slippage. 6.1 In view of the current and prospective economic benefits afforded to the State and to all other parties benefiting from the commercial activities operated at Lincoln Park, and in order to better assure, throughout the Term, that Lincoln Park and the Business conducted thereon will be able to compete fairly with any other Gaming Facilities operating from time to time within the State, during the Term, the State, including any agency or instrumentality thereof, and the Division, do hereby expressly pledge and agree that the owner of Lincoln Park and the Business operated thereon shall be afforded Slippage Protection with any other Gaming Facility except as currently exists for Lincoln Park and Newport ▇J▇▇ ▇▇▇▇ under the provisions of Rhode Island General Laws 42-61.2 7(a)(2) as currently in effect if: (i) During the Term of this Agreement, a new Gaming Facility located wholly or partially within the State opens to the public for business; (ii) Neither UTGR nor any UTGR Business Affiliate is involved in any way in the operation or ownership of such new Gaming Facility; and (iii) UTGR is not in default of any material covenant, term or condition of this Agreement that has not been cured within the applicable cure periods set forth in Section 12 of this Agreement.

Slippage. 6.1 In view of the current and prospective economic benefits afforded to the State and to all other parties benefiting from the commercial activities operated at Lincoln Park, and in order to better assure, throughout the Term, that Lincoln Park and the Business conducted thereon will be able to compete fairly with any other Gaming Facilities operating from time to time within the State, during the Term, the State, including any agency or instrumentality thereof, and the Division, do hereby expressly pledge and agree that the owner of Lincoln Park and the Business operated thereon shall be afforded Slippage Protection with any other Gaming Facility except as currently exists for Lincoln Park and Newport ▇▇▇ ▇▇▇▇ under the provisions of Rhode Island General Laws 42-61.2 7(a)(2) as currently in effect if: : (i) During the Term of this Agreement, a new Gaming Facility located wholly or partially within the State opens to the public for business; ; (ii) Neither UTGR nor any UTGR Business Affiliate is involved in any way in the operation or ownership of such new Gaming Facility; and and (iii) UTGR is not in default of any material covenant, term or condition of this Agreement that has not been cured within the applicable cure periods set forth in Section 12 of this Agreement.. 6.2