Tournament Operations Sample Clauses

Tournament Operations. The Host shall be responsible to work with the Arena to ensure the provision of all necessary tournament related operations. Note: MH has developed an Arena Host Letter of Understanding that shall be used by the Host to help outline expectations of the arena for the tournament.
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Tournament Operations. Licensee shall operate, or shall cause the Host to operate, the Licensed Tournaments each calendar year during the Term in accordance with the Permitted Tournament Guidelines, except as otherwise agreed by the parties. Licensor shall retain the approval, operational and management rights and responsibilities in connection with the Licensed Tournaments as specified further in the Permitted Tournament Guidelines. Without limiting the specific provisions set forth in the Permitted Tournament Guidelines and subject to fulfillment of all applicable gaming laws and regulations, Licensor shall control the overall look and feel of the Licensed Tournaments, including the tournament gaming space and the ancillary space surrounding the tournament gaming space. The Permitted Tournament Guidelines may be amended from time to time by mutual agreement of the parties; provided, however, that Licensor shall have the right to amend the Permitted Tournament Guidelines in its sole discretion to the extent such amendments (a) do not create a material adverse effect on Licensee or the Host or each of their respective businesses and (b) do not create new responsibilities or obligations on Licensee or the Host that are substantially outside the scope of Licensee’s and the Host’s responsibilities and obligations as specified in this Agreement and the Permitted Tournament Guidelines as each then exists prior to such amendment. In the event that the parties do not agree to any proposed amendment to the Permitted Tournament Guidelines, and such amendment does not qualify as an amendment that Licensor can make in its sole discretion pursuant to the proceeding sentence, the Permitted Tournament Guidelines, or the applicable portion thereof, shall remain unchanged provided that service levels for any given year will be at least equal to those applicable to the Licensed Tournaments from the immediately preceding year. Notwithstanding the above, for so long as the Host Property is a CEC controlled affiliate, the Permitted Tournament Guidelines shall only be amended by mutual agreement of the parties. Unless specifically stated otherwise in this Agreement or in the Permitted Tournament Guidelines, all revenue from the Licensed Tournaments shall be retained by Licensee or, in the Licensee’s discretion, the Host, except for revenue derived from the exploitation of sponsorship and media distribution rights which shall be retained by Licensor.
Sample 1
Tournament Operations. The Host shall be responsible to work with the Arena to ensure the provision of all necessary arena tournament related operations. Note: Minnesota Hockey has developed an Arena Host Letter of Understanding that shall be used by the Tournament Host to help outline expectations of the arena for the tournament.
Sample 1

Related to Tournament Operations

  • No Operations Buyer does not currently have any business operations or material assets. Upon consummation of the Transactions, Buyer shall not have in excess of $10,000 in debts, obligations or liabilities of any kind or nature.

  • Business Operations Company will provide all necessary equipment, personnel and other appurtenances necessary to conduct its operations. Company will conduct its business operations hereunder in a lawful, orderly and proper manner, considering the nature of such operations, so as not to unreasonably annoy, disturb, endanger or be offensive to others on the Airport. Company will provide all services under this Agreement on a fair and reasonable basis to all users of the Airport. Service will be prompt, courteous and efficient.

  • General Business Operations Each of the Loan Parties shall (i) preserve, renew and maintain in full force its legal existence and good standing under the Governmental Rules of the jurisdiction of its organization and each other jurisdiction where the failure to so preserve, renew or maintain could result in a Material Adverse Effect, and all of its rights, licenses, leases, qualifications, privileges franchises and other authority reasonably necessary to the conduct of its business, (ii) conduct its business activities in compliance with all Legal Requirements and Contractual Obligations applicable to such Person, (iii) keep all Property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted and from time to time make, or cause to be made, all necessary and proper repairs, except, in each case, where any failure, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, (iv) maintain, preserve and protect all of its rights to enjoy and use material trademarks, trade names, service marks, patents, copyrights, licenses, leases, franchise agreements and franchise registrations (v) conduct its business in an orderly manner without voluntary interruption. The Borrower shall maintain its chief executive office and principal place of business in the United States.

  • Oil and Gas Operations (a) All wxxxx included in the Oil and Gas Interests of the Company have been drilled and (if completed) completed, operated and produced in accordance with generally accepted oil and gas field practices and in compliance in all respects with applicable oil and gas leases and applicable laws, rules and regulations, except where any failure or violation could not reasonably be expected to have a Material Adverse Effect on the Company; and

  • Profitable Operations Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting period) to be less than $1.00.

  • Interim Operations (a) The Company covenants and agrees as to itself and its Subsidiaries that, from and after the execution of this Agreement and prior to the Effective Time (unless Parent shall otherwise approve in writing, which approval shall not be unreasonably withheld, conditioned or delayed, and except as (1) required by applicable Law, (2) expressly required by this Agreement or (3) otherwise expressly disclosed in Section 6.1(a) of the Company Disclosure Letter), the Company shall use its reasonable best efforts to conduct its business and the business of its Subsidiaries in the ordinary course of business consistent with past practice and each of the Company and its Subsidiaries shall, subject to compliance with the specific matters set forth below, use reasonable best efforts to preserve its business organization intact and maintain the existing relations and goodwill with Governmental Entities, customers, suppliers, distributors, licensors, creditors, lessors, employees and business associates and others having material business dealings with it and keep available the services of the Company and its Subsidiaries’ present employees and agents. Without limiting the generality of, and in furtherance of, the foregoing, the Company covenants and agrees as to itself and its Subsidiaries that, from and after the date of this Agreement and prior to the Effective Time, except (A) as required by applicable Law, (B) as Parent may approve in writing (such approval not to be unreasonably withheld, conditioned or delayed), (C) as expressly disclosed in Section 6.1(a) of the Company Disclosure Letter or (D) as expressly provided for in this Agreement, the Company shall not and will not permit any of its Subsidiaries to:

  • Ongoing Operations From the Effective Date through Closing:

  • Projects The Annexes attached hereto describe the specific projects and the policy reforms and other activities related thereto (each, a “Project”) that the Government will carry out, or cause to be carried out, in furtherance of this Compact to achieve the Objectives and the Compact Goal.

  • Annual Business Plan and Budget As soon as practicable and in any event not later than thirty (30) days after the end of each Fiscal Year, a business plan and operating and capital budget of the Borrower and its Subsidiaries for the ensuing four (4) fiscal quarters, such plan to be prepared in accordance with GAAP and to include, on a quarterly basis, the following: a quarterly operating and capital budget, a projected income statement, statement of cash flows and balance sheet, calculations demonstrating projected compliance with the financial covenants set forth in Section 9.15 and a report containing management’s discussion and analysis of such budget with a reasonable disclosure of the key assumptions and drivers with respect to such budget, accompanied by a certificate from a Responsible Officer of the Borrower to the effect that such budget contains good faith estimates (utilizing assumptions believed to be reasonable at the time of delivery of such budget) of the financial condition and operations of the Borrower and its Subsidiaries for such period.

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