MSC Property definition

MSC Property means the Macau Studio City project to be developed and operated on the Land. New Shareholder has the meaning given to that term in clause 26.7. Non Defaulting Shareholders has the meaning given to that term in clause 18.1.
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Examples of MSC Property in a sentence

  • The parties shall act in good faith in connection with the design, development and construction of the MSC Property and shall procure, to the extent they are able to do so, the Company to use commercially reasonable endeavours to meet project milestones and to commence significant commercial operations in respect of the MSC Property in accordance with the Development Plan as may be amended from time to time in accordance with the approval rights described in clause 7.2.

  • Opening Services Agreement means an agreement proposed to be entered into between MCE and one or more of its Affiliates, on the one hand, and one or more of the Group Companies, on the other, in relation to provision of services to the Group Companies related to the development, construction, design, fit-out, and completion of the MSC Property, and the Opening, and the payment and the reimbursement of Development and Pre-Opening Services Costs.