NVGCB definition
Examples of NVGCB in a sentence
Written notification from NVGCB that the System has successfully completed the trial period and is approved for use at Mandalay Bay.
Within five (5) business days of the acceptance of this Agreement and five (5) business days following completion of the Initial Acceptance Test and five (5) business days following final NVGCB approval, Acres shall deposit with the Escrow Agent in CD ROM form the following; 1) a fully compilable copy of the Source Code; 2) a fully compiled program; 3) name, version number and copy of the software used to compile Source Code; and 4) a hardcopy listing of all programs on the CD ROM.
Customer shall use its best efforts to assist and cooperate with Acres, NVGCB, and Customer's vendors.
In no event, shall the penalties assessed under this paragraph 10 exceed twenty-five percent (25%) of a software module license fee, if the software module ultimately receives NVGCB approval.
For each software module remaining unapproved for use at Mandalay Bay, but that has received approval in accordance with paragraph 4(b), by NVGCB within a reasonable field trial period following Opening Day, Customer may assess a penalty, payable by Acres, equal to two percent (2%) of the license fee as set forth in Article 2 for the unapproved software module and a five percent (5%) penalty for each month thereafter that the subject module has not been approved by NVGCB for use at Mandalay Bay.
Acres shall not be liable, and no penalties may be assessed by Customer, for delay resulting from causes outside the control of Acres, including, but not limited to, changes to applicable gaming laws and regulations or delays in NVGCB final approval due to NVGCB staff capacity.