Unsuitability Determination definition

Unsuitability Determination means, with respect to any Member, any of the following:
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Unsuitability Determination means (i) a Gaming Authority shall have ruled in a final order that the Buyers or their Affiliates are unsuitable to be licensed under any Gaming Law applicable to a Required Gaming Approval and, as a result, a Required Gaming Approval shall not have been obtained or be obtainable or (ii) any Buyer withdraws and does not promptly resubmit its application for any Required Gaming Approval in response to a communication from a Gaming Authority regarding a likely or impending denial of a Required Gaming Approval.
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Unsuitability Determination with regard to any Person means that such Person or any Affiliate of such Person has been determined by a Gaming Authority of the State of Louisiana or any other State to be unsuitable to be associated with a gaming enterprise and, with respect to an Affiliate of such Person, the related Person has not removed the Affiliate from his, her or its association with the related Person.
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Examples of Unsuitability Determination in a sentence

  • The closing of the Unsuitability Redemption shall occur within thirty (30) days of the later of (a) an Unsuitability Determination; and (b) the expiration of any cure period available under Section 11.01, at the principal offices of the Company or at such other date and location as the Company and such Member may agree.

  • The closing of the Unsuitability Redemption shall occur within thirty (30) days of the later of (a) an Unsuitability Determination; and (ii) the expiration of any cure period available under Section 12.01, at the principal offices of the Company or at such other date and location as the Company and such Member may agree.

  • The closing of the Unsuitability Redemption shall occur within thirty (30) days of the later of (a) an Unsuitability Determination; and (ii) the expiration of any cure period available under Section 25(a), at the principal offices of the Company or at such other date and location as the Company and such Member may agree.

  • Notwithstanding any provision of this Agreement to the contrary, no Transfer of any Interests may be made under any circumstances to any Person who (i) has not been determined suitable or otherwise approved or exempted from such determination by the Gaming Authorities or (ii) is subject to an Unsuitability Determination by any regulatory authority of any other state or (iii) has been convicted of a felony offense.

  • The closing of the Unsuitability Redemption shall occur within thirty (30) days of the later of (x) an Unsuitability Determination; and (y) the expiration of any cure period available under Section 12.01, at the principal offices of the Company or at such other date and location as the Company and such Member may agree.

  • If the Louisiana Gaming Control Board ("LGCB") makes a determination any Venturer or any Affiliate of such Venturer (the "Unsuitable Venturer") is unsuitable to hold a license to perform or conduct gaming activities (an "Unsuitability Determination"), after the commencement of gaming operations of the Complex, the Unsuitable Venturer shall immediately give to the other Venturers, upon submitting written notice, a right to purchase all of the Unsuitable Venturers' JV Interests.

  • In the event the other Venturers elect not to purchase all of the Unsuitable Venturer's JV Interests within a 30-day period following the date the LGCB makes an Unsuitability Determination, the Venture shall purchase all of the remaining Unsuitable Venturer's JV Interests within a 30-day period following the termination date of the foregoing 30-day period.

  • If notice and cure remedies are not prohibited or specified by such state, the Buy/Sell remedy may not be initiated until sixty (60) days following notice of a final Unsuitability Determination by such state gambling commission or authority provided that: (i) such Unsuitability Determination is curable, (ii) cure has been initiated and is being diligently and expeditiously pursued, and (iii) such cure remedies may be pursued without material adverse effect to the affected Partner.


More Definitions of Unsuitability Determination

Unsuitability Determination means if either: (a) the Members holding a Majority Interest, in their reasonable discretion, make a good faith determination that the Company’s affiliation with a Member or any of its Affiliates may (i) threaten any license, permit, approval, or other entitlement that the Company or any of its Affiliates holds or applies for in any jurisdiction, (ii) violate any rules and regulations promulgated by any United States or state legislative or regulatory agency, except for federal law, rules, and/or regulations which directly or indirectly conflict with state law, rules, and/or regulations specifically related to the Delaware Medical Marijuana Program or any other state-sanctioned medical marijuana program, or (iii) jeopardize the business and affairs of the Company; or (b) if either the Company, a Member, or any of its Affiliates receives correspondence from any state legislative or regulatory agency indicating that such Member or any of its Affiliates is deemed to be unsuitable pursuant to the applicable laws, regulations, rules, or orders of a governmental program.
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Unsuitability Determination means if either: (a) the Members holding a Majority Interest, in their sole and absolute discretion, make a good faith determination that the Company’s affiliation with a Member or any of its Affiliates may (i) threaten any license, permit, approval, or other entitlement that the Company or any of its Affiliates holds or applies for in any jurisdiction, (ii) violate any rules and regulations promulgated by any United States or state legislative or regulatory agency, except for federal law, rules and/or regulations which directly or indirectly conflict with state law, rules and/or regulations specifically related any state-sanctioned medical marijuana program, or (iii) jeopardize the business and affairs of the Company; or (b) if either the Company, a Member or any of its Affiliates receives correspondence from any state legislative or regulatory agency indicating that such Member or any of its Affiliates is deemed to be unsuitable pursuant to the applicable laws, regulations, rules, or orders of a governmental program.
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Unsuitability Determination shall have the meaning as defined in ---------------------------
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Related to Unsuitability Determination

  • Eligibility Determination means an approval or denial of eligibility and a renewal or termination of eligibility.

  • TIA Applicability Determination As defined in Section 12.12.

  • Event Determination Date means, in respect of a Credit Event, the date on which both the related Credit Event Notice and the related Notice of Publicly Available Information are effective.

  • Determination means the written documentation of a decision of a procurement officer including findings of fact required to support a decision. A determination becomes part of the procurement file to which it pertains.

  • Child custody determination means a judgment, decree, or other order of a court providing for the legal custody, physical custody, or visitation with respect to a child. The term includes a permanent, temporary, initial, and modification order. The term does not include an order relating to child support or other monetary obligation of an individual.