VGT definition
Examples of VGT in a sentence
Complete and correct copies of all VGT Operating Contracts listed on Schedule 10.24 have been delivered to Administrative Agent.
The VGTs and Redemption Machines are kept only at the VGT Locations set forth on Schedule 10.2, and at other locations within the continental United States of which Administrative Agent has been advised by Borrower in writing in accordance with Section 11.2.1 hereof.
No VGT or Redemption Machines is a Fixture to any real estate, including, but not limited to, the real property of any Establishment Owner.
To the knowledge of Borrower, no event, failure, condition or act has occurred which, with the passage of time or the giving of notice, would result in a default or breach under any VGT Operating Contract for locations included in any calculation of Contract Draw Loan Availability or permit termination, modification or acceleration of rights or obligations under any such VGT Operating Contract.
No VGT Operating Contract shall be materially adversely affected in any manner by the transactions contemplated by this Agreement, and no video gaming terminal operator has any interest in any VGT Operating Contract other than Borrower.
Notwithstanding the foregoing: (x) any Vault Cash held at a Non- Performing VGT Location shall not be included in the calculation of Revolving Loan Availability; and (y) any VGT Operating Contracts applicable to a Non-Performing VGT Location shall not be included in the calculation of Contract Draw Loan Availability.
No defenses, offsets or counterclaims have been asserted or may properly be made against Borrower by any other party under any VGT Operating Contract.
All VGT Operating Contracts for locations included in any calculation of Contract Draw Loan Availability are valid and in full force, and there are no defaults or breaches by Borrower or, to Borrower’s knowledge, any other party to such VGT Operating Contracts.
The Joint Proxy Statement will also include (i) a proposal requesting that the SWAT shareholders approve the conversion (pursuant to its terms) of all outstanding SWAT Series B Convertible Preferred Stock into SWAT Common Stock, and (ii) such other proposal(s) as the Company and SWAT shall mutually agree to include therein, including any proposals that may be required pursuant to the terms of this Agreement.
Borrower has not waived any rights under any VGT Operating Contract for locations included in any calculation of Contract Draw Loan Availability.