Operating Contract definition
Examples of Operating Contract in a sentence
Except as set forth above, the Trustee may request the consent and approval of the Holders as a condition to giving any consent or approval under the Ground Lease, or any other lease or the Casino Operating Contract and shall have no responsibility or liability for failing to give any such consent or approval absent direction from the Holders.
Casino Nova Scotia is fully consolidated as the Corporation is the party with the authority to operate casinos in Nova Scotia under the Criminal Code (Canada) and Gaming Control Act (Nova Scotia), and the Amended and Restated Operating Contract provides the Corporation with the authority to set annual operating and capital budgets and to stipulate or review and/or approve other aspects of the casino operations.
Casino Nova Scotia Casino Nova Scotia is the entity created as a result of the Amended and Restated Operating Contract with Metropolitan Entertainment Group (referred to as “MEG”), (now a partnership between 6364942 Canada Inc.
For purposes hereof a Master Operating Contract shall be a contract in the name of Balanced Care or any affiliate thereof and which covers equipment or services located at or provided to facilities operated by Transferor or its affiliates in addition to the Facility, and which prohibits the equipment or services relating to the Facility from being assigned or assumed without the assignment and assumption of all of the equipment and services covered by the contract.
As a prerequisite to maintaining the effectiveness of the Casino Operating Contract, the Casino Operating Contract requires that the Company annually provide the Minimum Payment Guaranty to the Regulating Authority.