Unsuitable Venturer definition
Examples of Unsuitable Venturer in a sentence
Notwithstanding the foregoing, if the Unsuitable Venturer receives an offer to purchase such Unsuitable Venturer's JV Interests from a third person, at any time during either the Venturers' 30- day election period or Venture's 30-day election period pursuant to this Section 11.1, then the provisions set forth in Sections 10.3 and 10.4 shall govern.
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.
Subject to the following paragraph, under the Company's Articles of Incorporation and the MBCA, the affirmative vote of a majority of the then outstanding Shares is required to approve and adopt the Merger Agreement and the Merger.