MRMI definition
Examples of MRMI in a sentence
The performance of all activities by the Advisor pursuant to this Restated Agreement shall be on behalf of MRMI and for its exclusive account and benefit.
Each of MRMI and the Advisor shall use its commercially reasonable best efforts to obtain and maintain any necessary licenses, permits, authorizations and approvals required by it for the conduct of the video lottery gaming, food service, and related hospitality business conducted at Monticello Gaming and Raceway, and to assist the other party hereto when reasonably requested in obtaining and maintaining any licenses, permits, authorizations and approvals required by such other party.
From the date of this Restated Agreement through December 31, 2009, the Advisor will advise and assist MRMI in its conduct of the day-to-day operations of MRMI’s video lottery gaming, food service and related hospitality businesses at Monticello Gaming and Raceway.
MRMI retains the exclusive right to receive and retain all of revenues generated by its various business operations, and MRMI is solely responsible for the payment of all expenses associated with such businesses.
MRMI hereby consents to such disclosure as long as the same, in each instance, is approved in advance and in writing by MRMI.
All legal and equitable interest in Monticello Gaming and Raceway and its video lottery gaming, pari-mutuel racing, food service and related hospitality facilities shall belong exclusively to MRMI.
MRMI is 60% owned by the Borrower and 40% owned by Alpha Monticello, Inc.
MRMI further agrees to refrain from any action that may affect the licenses issued to the affiliates of the Advisor, so long as the same will not unduly interfere with MRMI’s operation of its various businesses at Monticello Gaming and Raceway.
Use the preliminary cost estimate developed during the Project Development phase to determine potential DBE work items.
Without limiting the generality of the foregoing, MRMI and the Advisor agree that such proprietary information shall not be disclosed to any third party other than (i) the New York State Lottery, (ii) any other governmental agency having jurisdiction over the parties’ businesses or the properties, or (iii) as otherwise expressly required by legal requirements applicable to either party hereto.