Examples of Crystals Component in a sentence
In addition to the foregoing, the Project Budget shall provide a forecast of capital expenditures anticipated for the Crystals Component during the one year subsequent to the subject Operating Year for informational purposes only, so that Owner can reasonably anticipate the subsequent year’s potential expenditure, but the Managers shall be bound to their respective Project Budget for any given Operating Year only.
To the extent assignable, the Managers shall assign and transfer to Owner all of the Manager’s right, title and interest in and to all liquor, restaurant and other licenses and permits, if any, which apply solely to the Crystals Component.
The Retail Management Fee shall commence to accrue upon the Crystals Component Opening Date.
Under no circumstances shall any third party expense incurred solely for the benefit of the Crystals Component be included as a Centralized Service.
The Managers shall cooperate in all reasonable ways in the transition of the operation and management of the Crystals Component to Owner or Owner’s new operator to effect an orderly and expeditious transition of management functions, with as little hindrance to the operation of the Crystals Component as reasonably practicable.
The Managers shall afford to Owner, any Member of Owner, and the accountants, attorneys and agents of Owner or such Member the right at any time and for any reason during the Term during normal business hours to inspect, at Owner’s sole cost and expense, or examine the Crystals Component and make extracts from the books and records of the Crystals Component.
The Manager shall continue to cooperate with Owner and be available, and make any books and records available to the extent necessary, in order for Owner and the accountants to prepare the Annual Statement for the Crystals Component for the last such Operating Year as provided in Section 11.4, including specifically the period up to the termination date together, to the extent applicable, with the calculation of the amount of the Retail Management Fee through the effective date of termination.
The Managers shall use commercially reasonable efforts to operate and maintain the Crystals Component in compliance with all Environmental Laws.
Each Manager is duly qualified to do business and is in good standing in each jurisdiction where it is required to be so qualified in connection with the operation of the relevant Crystals Component, and the conduct of its businesses and operations.
In the event that any Gaming Approval is required for a Manager’s operation of the Crystals Component, Owner shall, with the Manager’s assistance and cooperation, use good faith efforts to obtain such approval or permit before the Crystals Component may be opened for business to the general public.