HOC Properties definition
Examples of HOC Properties in a sentence
HOC shall permit the TT/ST System Tables installed in accordance with this Section 6.2 to remain installed at the foregoing HOC Properties for such period of time as may be reasonably necessary for MIKN to obtain any required regulatory approvals in each respective jurisdiction.
The parties acknowledge that this may require regular surveys of the users of the Base TT System, TT System and/or the TT/ST System and/or the TT/SJ System and meetings between representatives of the HOC Properties, HOC and MIKN.
On or before the later of: [] ([] the "Minimum -------------------- ------- Date"), HOC agrees to have installed any combination of [] Base TT System Tables ---- and/or TT System Tables and/or TT/ST System Tables and/or TT/SJ System Tables in HOC Properties, inclusive of Base TT System Tables and/or TT System Tables and/or TT/ST System Tables installed prior to the Closing Date or pursuant to Section 6.2 (the "Minimum").
HOC and MIKN shall enter into ---------------------------------- separate Service and Maintenance Agreements with respect to each of the various HOC Properties for service and maintenance of the Base TT and/or TT and/or TT/ST Systems and/or TT/SJ Systems.
If HOC installs in HOC Properties the ---------------------- Minimum, HOC shall be eligible to receive an additional license fee ("Additional ---------- License Fee") of up to [] payable in MIKN Shares.
If HOC achieves a total of [] Points within ----------------- [] after the Minimum Date, HOC shall become eligible to receive a bonus license fee ("Bonus License Fee") of [] worth of MIKN Shares, upon the condition ----------------- precedent that HOC installs an additional [] or more TT/ST System Tables and TT/SJ System Tables in HOC Properties within twelve (12) months thereafter.
In fulfilling their obligations under this Agreement, the License Agreement, and the Service and Maintenance Agreements, MIKN and HOC will work cooperatively and closely with management at the HOC Properties using the Base TT System, TT System, TT/SJ System and/or the TT/ST System and will endeavor in good faith to minimize interference with the ongoing business of the property and to maximize the usefulness and functionality of the Base TT System, TT System and/or the TT/ST System and/or the TT/SJ System.