Casino Business definition
Examples of Casino Business in a sentence
There are no Legal Proceedings by any Governmental Entity with respect to ACE Lo, the Casino Business or the Casino Property that are pending, or to the knowledge of the ACE Selling Parties, threatened, which may result in the revocation, cancellation, termination or suspension, or any adverse modification of any Permits.
Section 5.7(a) of the ACE Disclosure Letter contains a list of all ACE Lo Material Contracts which govern the rights or obligations of ACE Lo with respect to any ACE Lo Intellectual Property used in or necessary to the conduct of the Casino Business (the “Intellectual Property Agreements”) as of the Measurement Date.
ACE Lo shall have surrendered to the New Jersey Casino Control Commission its gaming licenses to own and operate the Casino Business in the State of New Jersey.
The Specified Intellectual Property comprise all of the material Intellectual Property reasonably necessary for or used in the conduct of the Casino Business as presently conducted, as of the Measurement Date.
To the ACE Selling Parties’ knowledge, each of its members, managers, directors, officers, key employees and Persons performing management functions similar to officers, in each case whose position is related to the Casino Business, are in compliance in all material respects with the terms of the Permits.