MGM Group definition
Examples of MGM Group in a sentence
If any uses or disclosures are made in connection with providing services to any member of the MGM Group under this Agreement or any Transaction Document, then the MGP Confidential Information so used or disclosed shall be used only as required to perform such services.
MGM shall not, and shall not permit any member of the MGM Group, to make any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification against MGP or any member of the MGP Group, or any other Person released pursuant to Section 6.1(b), with respect to any Liabilities released pursuant to Section 6.1(b).
MGP shall also be entitled, in perpetuity, to control the assertion or waiver of all privileges in connection with any privileged Information that relates solely to any MGP Liabilities resulting from any Actions that are now pending or may be asserted in the future, whether or not the privileged Information is in the possession or under the control of any member of the MGP Group or any member of the MGM Group.
The MGM Group shall use the same degree of care to prevent and restrain the unauthorized use or disclosure of the MGP Confidential Information by any of their Representatives as they currently use for their own confidential information of a like nature, but in no event less than a reasonable standard of care.
The provision of goods and services as contemplated under the Cooperation and Support Master Agreement by MGM China Group to MGM Group will enable MGM China Group to fully utilize the existing resources and generate additional sources of revenue.
The members of the MGM Group providing Transition Services shall keep records of the Transition Services provided by or on their behalf and supporting documentation of all costs incurred in providing, or causing to be provided, the Transition Services.
The historical fees paid by the MGM Group to the Occasions Group in respect of the Services were approximately HK$32.2 million, HK$39.4 million and HK$80.1 million for each of the two years ended December 31, 2021, 2022 and the nine months ended September 30, 2023, respectively.
The MGM Group has in place a purchasing policy that outlines the requirements for procurement of goods and services rendered to the Group through the purchasing/supply chain services, with the aim of ensuring the procurement of quality goods and services at the best overall value from reputable suppliers and that purchasing decisions are made in compliance with different internal controls in place.
The affected provisions and/or other requirements of this Agreement shall be suspended during the period of such disability and the MGM Group shall have no liability to Purchaser and the applicable member of the MGM Acquired Entities in connection therewith other than by reason of breach or nonfulfillment of its covenants in this Section 4.
The MGM Group and Macau Group agree to share the costs of the Marketing Offices by reference to the provision of Referrals to the MGM Properties by the Marketing Offices.