Stratosphere definition
Examples of Stratosphere in a sentence
South Las Vegas, Nevad▇ ▇▇▇▇▇ ▇▇▇▇: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ With copies to: ▇▇e Independent Director of the Board of Directors of Stratosphere Corporation.
As of the Effective Date, immediately after the conversion of the Company, the Member was converted from Stratosphere Corporation, a Delaware corporation, into Stratosphere LLC, a Delaware limited liability company.
Stratosphere represents and warrants that Schedule I hereto is a true and correct schedule of all costs which Stratosphere has incurred in connection with the development, construction, equipping and opening of the Resort and of all such amounts which Stratosphere expects to incur in order for the Resort to become Operating (as defined in the Indenture) on or before September 30, 1996.
Grand and Stratosphere are entering into this Agreement to acknowledge application of amounts previously advanced by Grand under the Guarantee and to evidence certain understandings regarding the funding of Grand's remaining obligations under the Guarantee.
On or before September 30, 1996, Stratosphere shall take all actions necessary to ensure that the Resort is Operating (as defined in the Indenture) by that date.
If Company, any other Post-Distribution Company or any Lakes Member realizes or receives any Stratosphere Tax Benefits derived from any remaining portion of the Stratosphere Losses that has not been allocated to Lakes under the preceding paragraph or utilized to reduce the Section 355 Tax Liability, the economic benefit of such remaining portion shall be allocated equally between Lakes and Company as and when it is so realized or received.
Stratosphere shall have complied with the HSR Act, if such compliance is required.
Stratosphere and Grand acknowledge and agree that Grand has previously advanced an aggregate of $18,551,902 under the Guarantee and that such amounts have been paid by Grand in partial satisfaction of the Obligations (as defined in the Guarantee).
Stratosphere Corporation and Stratosphere Gaming Corporation," United States Bankruptcy Court, District of Nevada, Adversarial No. 982008 ("BANKRUPTCY ACTION").
Upon the advance by Grand of such funds as described herein, Grand shall have advanced an aggregate of $50,000,000 pursuant to the Guarantee, and Stratosphere acknowledges and agrees that such advance discharges and satisfies in full all obligations and liabilities of Grand under the Guarantee.