Astra Casino Division definition

Astra Casino Division means the business, assets, property and rights of Astra exclusively used or employed in the distribution, promotion and sale of gaming machines designed by members of the Seller’s Group outside the UK, supporting signage/displays, electronic table games and monitoring and reporting systems, specifically for use in the casino sector at the date hereof together with such other assets and property which are shared between both or which are of a type which are utilised in both such business and any other business of Astra as are agreed between the Seller and the Buyer between the date of this Agreement and Completion pursuant to Clause 9.3, and to be transferred by Astra under the terms of the Astra APA;
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Examples of Astra Casino Division in a sentence

  • The Astra Games Limited working capital schedule excludes working capital balances related to the Astra Casino Division.

  • Without limitation to the preceding sentence, the Seller will ensure that the current relevant management of Astra attend such negotiations in order to facilitate such determination of the scope and standard of the services to be provided under the Transaction Documents relating to the Astra Casino Division.

  • The Target Working Capital Sum must then be adjusted to ensure that the same percentage of the value of spare parts stock is excluded from the actual total Astra Games stock value as the value of the spare parts in the Astra Casino Division transferred under the APA represents of the total Astra Games stock immediately prior to the APA.

  • The Seller and the Buyer shall (i) negotiate in good faith the terms of the Reverse TSA relating to Support for Astra Casino Division, the Spare Parts Supply Agreement and the Supply of Services Agreement (the “Transaction Documents relating to the Astra Casino Division”), and (ii) use reasonable endeavours to agree the terms of the Transaction Documents relating to the Astra Casino Division by 30 June 2019.

  • The Seller undertakes to provide the Buyer with such information and assistance as the Buyer shall reasonably request to enable the Buyer to determine the scope and standard of the services to be provided under the Transaction Documents relating to the Astra Casino Division.