Gaming definition
Examples of Gaming in a sentence
Tenant shall maintain (or cause its Subsidiaries to maintain) all of such Tenant’s Property in good order, condition and repair, in all cases as shall be necessary and appropriate in order to operate the Facility for the Primary Intended Use in compliance with all applicable licensure and certification requirements and in compliance with all applicable Legal Requirements, Insurance Requirements and Gaming Regulations.
Subject to the foregoing, Tenant and its Subsidiaries may sell, transfer, convey or otherwise dispose of Tenant’s Property (other than Gaming Licenses and subject to this Section 6.3 and Section 6.4) in their discretion in the ordinary course of its business and Landlord shall have no rights to such Tenant’s Property.
Tenant shall, at all times during the entire Term, own (or lease), install and maintain (or cause its Subsidiaries to own (or lease), install and maintain) on the Leased Property adequate and sufficient Tenant’s Property, including without limitation, adequate and sufficient furniture, fixtures and equipment, including without limitation, Gaming Equipment, and personal property necessary for the conduct of the Primary Intended Use.
If Tenant and a potential Successor Tenant designated by Landlord cannot agree on the Gaming Assets FMV within a reasonable time not to exceed thirty (30) days after receipt of an End of Term Gaming Asset Transfer Notice hereunder, then such Gaming Assets FMV shall be determined, and T▇▇▇▇▇’s transfer of the Transferred Items to a Successor Tenant in consideration for a payment in such amount shall be determined and transferred, in accordance with the provisions of Section 36.
Landlord and T▇▇▇▇▇ must designate their proposed Qualified Successor Tenants within ninety (90) days after receipt of an End of Term Gaming Asset Transfer Notice hereunder.