ITW Payment(s) definition
ITW Payment(s) means any inter-track wagering payments that the Borrower owes to another track owner or Person and which must be paid prior to the Borrower receiving its Slot License, including all inter-track wagering payments specified in a deficiency notice from the Florida Gaming Board.
Examples of ITW Payment(s) in a sentence
For purposes of this Section 1.3.6(c), prior to any disbursements from the Slot License Account to pay the Slot License fee or any ITW Payments, the Administrative Agent must have received an opinion from the Borrower’s counsel, in form and substance acceptable to the Administrative Agent, certifying that all conditions, approvals and payments have been made or satisfied for the Borrower to receive the Slot License, other than the final Slot License fee payment and specified ITW Payments.