Events of Default and Termination. (a) Licensee shall be deemed to be in default of this Agreement, and Licensor shall have the right to immediately terminate this Agreement or notify Licensee that Licensor has revoked the exclusive license granted herein and that such license grant under this Agreement is now a non-exclusive license, in the event Licensee fails after thirty (30) days' written notice to Licensee to make any payment due and owing under the terms of this Agreement, furnish any statement in accordance herewith, or completely comply with any other of Licensee's obligations hereunder. (b) If during the Term of this Agreement Licensee shall be unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is not removed within thirty (30) days from the inception of same, Licensor may terminate this Agreement upon written notice. (c) If during the Term of this Agreement any of Licensee's gaming licenses is suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Alliance Gaming Corporation's Compliance Committee disapproves or withdraws its approval as provided in Section 15.02 hereof, Licensor shall have the immediate right to terminate this Agreement; provided that the provisions of -------- Section 6 shall not be applicable or operative in this event. (a) Licensor shall be deemed to be in default of this Agreement, and Licensee shall have the right to immediately terminate this Agreement, in the event Licensor fails, after thirty (30) days' written notice to Licensee, to completely comply with any of Licensor's obligations hereunder. (b) If, during the Term of this Agreement, Licensor shall be unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is not removed within thirty (30) days from the inception of same, Licensor may terminate this Agreement upon written notice. (c) If during the Term of this Agreement any of Licensor's gaming licenses are suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Licensee disapproves or withdraws its approval as provided in Section 15.03 hereof; Licensee shall have the immediate right to terminate this Agreement; provided that the provisions of Section 6 shall not be applicable or -------- operative in this event.
Appears in 1 contract
Events of Default and Termination. (a) Licensee The following events shall be considered “Events of Default” for purposes of this Reimbursement Agreement:
(i) the City shall fail to pay when due any amount due and payable hereunder or pursuant to the Fee Agreement; or
(ii) any representation, warranty, certification or statement made by the City in this Reimbursement Agreement or in any Related Document or in any certificate, financial statement or other document delivered pursuant to this Reimbursement Agreement or any Related Document shall (in any such case) prove to have been incorrect or untrue in any material respect when made or deemed to have been made; or
(iii) the City shall default in the due performance or observance of
(A) any covenant set forth in Section 5.01 hereof or (B) any other term, covenant (other than a covenant set forth in Section 5.01) or agreement contained in this Reimbursement Agreement and such default in the due performance or observance of any such other term, covenant or agreement shall remain unremedied for a period of sixty (60) days after the Bank shall have given the City written notice of such default; or
(iv) this Reimbursement Agreement or any provision hereof at any time after its execution and delivery, or any Note, shall, for any reason, cease to be valid and binding on the City or in default full force and effect or shall be declared to be null and void, or the validity or enforceability of this Agreement, and Licensor shall have the right to immediately terminate this Reimbursement Agreement or notify Licensee any Notes shall be contested by the City or by any Governmental Authority having jurisdiction over the City, or the City shall deny that Licensor it has revoked the exclusive license granted herein and that such license grant any or further liability or obligation under this Reimbursement Agreement is now or any Notes; or
(v) the City shall admit in writing its inability to pay its debts as they mature or shall declare a non-exclusive licensemoratorium on the payment of its debts or apply for, consent to or acquiesce in the event Licensee fails after appointment of a trustee or receiver for itself or any part of its property, or shall take any action to authorize or effect any of the foregoing; or in the absence of any such application, consent or acquiescence, a trustee or receiver shall be appointed for it or for a substantial part of its property or revenues and shall not be discharged within a period of thirty (30) days' written notice to Licensee to make ; or any payment due and owing bankruptcy, reorganization, debt arrangement or other proceeding under the terms of this Agreement, furnish any statement in accordance herewith, bankruptcy or completely comply with insolvency law or any other of Licensee's obligations hereunder.
(b) If during the Term of this Agreement Licensee dissolution or liquidation proceeding shall be unable instituted by or against the City (or any action shall be taken to pay its liabilities when dueauthorize or effect the institution by it of any of the foregoing) and if instituted against it, shall be consented to or acquiesced in by it, or shall make any assignment for the benefit not be dismissed within a period of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy thirty (30) days; or
(vi) there shall be appointed under commenced against the laws City any case, proceeding or action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of the United States or any stateSystems, and which results in the case entry of an involuntary filing onlyorder for relief which shall not have been vacated, such impediment is not removed discharged, stayed or bonded pending appeal within thirty (30) days from the inception of same, Licensor may terminate this Agreement upon written notice.entry thereof; or
(cvii) If during any lien, pledge or security interest created to secure any amount due under this Reimbursement Agreement should fail to be fully enforceable with the Term same priority as and when such lien, pledge or security interest was first acquired; or
(viii) an “Event of this Agreement Default” shall have occurred under the Ordinance, the Reimbursement Agreement, any of Licensee's gaming licenses the Related Documents, the Parity Reimbursement Agreement or the Parity Ordinance as “Event of Default” is suspendeddefined in such documents; or
(ix) a final, revoked nonappealable judgment or otherwise made ineffective order for the payment of money in excess of $15,000,000 shall be rendered against the City and such judgment or order shall continue unsatisfied and unstayed for a period of sixty (60) days; or
(x) the City shall fail to pay when due any non-debt obligation in excess of $5,000,000, which is payable from the City’s General Fund or the revenues of the Systems, except for the City’s failure to pay any such non-debt obligation where the payment of such non-debt obligation is being contested in good faith by the City and defended in an appropriate proceeding; or
(xi) the City shall (a) fail to pay any gaming regulatory agencyindebtedness of the City for borrowed money, or Alliance Gaming Corporation's Compliance Committee disapproves any interest or withdraws premium thereon, when due (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such indebtedness, or (b) fail to perform or observe any term, covenant or condition on its approval as provided in Section 15.02 hereofpart to be performed or observed under any ordinance, Licensor shall have the immediate right indenture, agreement or other instrument relating to terminate this Agreement; provided that the provisions of -------- Section 6 any such indebtedness when required to be performed or observed, and such failure shall not be waived and shall continue after the applicable grace period, if any, specified in such agreement or operative in this event.instrument, if the effect of such failure to perform or observe is to accelerate, or permit the acceleration of, with the giving of notice if required, the maturity of such indebtedness; or any such indebtedness shall be declared to be due and payable or be required to be prepaid (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; or
(axii) Licensor the ratings assigned to any of the City’s Parity Electric Utility Obligations, Parity Water/Wastewater Obligations, or the Priority Lien Obligations by S&P, Moody’s or Fitch shall be deemed lower than BBB-/Baa3/BBB-, respectively; or
(xiii) the ratings assigned to any of the City’s Parity Electric Utility Obligations, or Parity Water/Wastewater Obligations, or Priority Lien Obligations by S&P, Moody’s or Fitch shall be withdrawn or suspended for reasons other than debt maturity, redemption or defeasance, or non-provision of information; or
(xiv) a court of competent jurisdiction has found any of the City’s Parity Electric Utility Obligations, Parity Water/Wastewater Obligations or Priority Lien Obligations to have been issued illegally or in default violation of this Agreement, and Licensee shall have the right to immediately terminate this Agreement, additional debt test in the event Licensor fails, after thirty (30) days' written notice to Licensee, to completely comply with any of Licensor's obligations hereunderrelated ordinance.
(b) IfIf an Event of Default shall have occurred and be continuing, during the Term of this Agreement, Licensor shall be unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any statethen, and in every such event, the case Bank, in its sole discretion, may immediately declare the City in default of an involuntary filing onlyits obligations under this Reimbursement Agreement and provide written notice (substantially in the form attached hereto as Exhibit F) to the City, such impediment is not removed within thirty (30) days from the inception Dealer, the Issuing and Paying Agent and the provider of same, Licensor may terminate this liquidity or credit support under the Parity Reimbursement Agreement upon written notice.
(c) If during the Term of this Agreement any of Licensor's gaming licenses are suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Licensee disapproves or withdraws its approval as provided in Section 15.03 hereof; Licensee shall have the immediate right to terminate this Agreement; provided that the provisions Commitment is terminated and that the Letter of Credit will terminate upon payment at maturity of the Notes that are outstanding as of the effective date of such notice and instructing the Issuing and Paying Agent to cease issuing Notes (a “No-Issuance Notice”). Any notice given pursuant to this Section 6 and received by the Dealer and the Issuing and Paying Agent as of 8:30 a.m. on any Business Day shall not be applicable or -------- operative in this event.effective as of such Business Day and any such notice received by the
Appears in 1 contract
Events of Default and Termination. (a) Licensee shall be deemed to be in default of this Agreement, 21.01 This Lease and Licensor shall have the right to immediately terminate this Agreement or notify Licensee that Licensor has revoked the exclusive license granted herein and that such license grant under this Agreement is now a non-exclusive license, in the event Licensee fails after thirty (30) days' written notice to Licensee to make any payment due and owing under the terms of this Agreement, furnish any statement in accordance herewith, or completely comply with any other of Licensee's obligations hereunder.
(b) If during the Term of this Agreement Licensee shall be unable and estate hereby granted are subject inter ----- alia to pay its liabilities when due, or the limitation that whenever Tenant shall make any an assignment for the ---- benefit of creditors, or shall file any a voluntary petition under any federal bankruptcy or state bankruptcy statuteinsolvency law, or an involuntary petition alleging an act of bankruptcy or insolvency in filed against Tenant, or whenever a petition shall be adjudicated filed by or against Tenant seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or any future federal bankruptcy act or any other present or future applicable federal, state or other statute or law, or shall seek to consent to or acquiesce in the appointment of any trustee, receiver or liquidator of Tenant or of all or any substantial part of its properties, or whenever a bankrupt permanent or insolventtemporary receiver of Tenant or of, or for, the property of Tenant shall be appointed, or if Tenant shall plead bankruptcy or insolvency as a defense in any receiver is appointed for its business action or propertyproceeding, then, Landlord, (a) at any time after receipt of notice of the occurrence of any such event, or (b) if such event occurs without the acquiescence of Tenant, at any trustee time after the event continues for sixty (60) days may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the service of such notice of intention, and upon the expiration of said five (5) day period (whether or not the event resulting in bankruptcy such default shall have been cured within such five (5) day period) this Lease and the Term and estate hereby granted, whether or not the Term shall theretofore have commenced, shall terminate with the same effect as if that day were the Expiration Date, but Tenant shall remain liable for damages as provided as in Article 30. The foregoing provisions of this Section 21.01 also shall be appointed under applicable to Guarantor as though wherever the laws word "Tenant" is used the words "and/or Guarantor" immediately followed.
21.02 This Lease and the Term and estate hereby granted are subject to the further limitation that (a) whenever Tenant shall default in the payment of any installment of Base Rent, or in the United States payment of any additional rent, on any day upon which the same shall be due and payable (following 5 days notice of such default from Landlord to Tenant with respect to two of such defaults in any Rent Year), or (b) whenever Tenant shall do or permit anything to be done, whether by action or inaction, contrary to any stateof Tenant's obligations hereunder, other than the payment of rent, and in the case of an involuntary filing only, if such impediment is situation shall continue and shall not removed be remedied by Tenant within thirty (30) days from after Landlord shall have given to Tenant a notice specifying the inception of same, Licensor may terminate this Agreement upon written notice.
(c) If during the Term of this Agreement any of Licensee's gaming licenses is suspendedor, revoked or otherwise made ineffective by any gaming regulatory agency, or Alliance Gaming Corporation's Compliance Committee disapproves or withdraws its approval as provided in Section 15.02 hereof, Licensor shall have the immediate right to terminate this Agreement; provided that the provisions of -------- Section 6 shall not be applicable or operative in this event.
(a) Licensor shall be deemed to be in default of this Agreement, and Licensee shall have the right to immediately terminate this Agreement, in the event Licensor fails, after thirty (30) days' written notice to Licensee, to completely comply with any of Licensor's obligations hereunder.
(b) If, during the Term of this Agreement, Licensor shall be unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is a happening or default which cannot removed with due diligence be cured within a period of thirty (30) days from and the inception continuance of which for the period required for cure will not subject Landlord to the risk of civil or criminal liability or termination of any superior lease or foreclosure of any superior mortgage, if Tenant shall not duly institute within such thirty (30) day period and diligently prosecute to completion within an additional 30 days all steps necessary to remedy the same, Licensor may terminate this Agreement upon written notice.
or, (c) If during whenever any event shall occur or any contingency shall arise whereby this Lease or any interest therein or the estate hereby granted or any portion thereof or the unexpired balance of the Term hereof would, by operation of law or otherwise, devolve upon or pass to any person, firm or corporation other than Tenant, except as expressly permitted by Article 22, or (d) whenever Tenant shall abandon the Demised Premises, or a substantial portion of the Demised Premises shall remain vacant for a period of ten (10) consecutive days, unless such vacancy arises as a result of a casualty; then in any such event covered by subsections "a", "b", "c" or "d" of this Section 21.02, at any time thereafter, Landlord may give to Tenant a notice of intention to end the Term of this Agreement any Lease at the expiration of Licensor's gaming licenses are suspendedten (10) days from the date of service of such notice of intention, revoked and upon the expiration of said ten (10) days (whether or otherwise made ineffective by any gaming regulatory agencynot the event resulting in such default shall have been cured within such ten (10) day period) this Lease and the Term and estate hereby granted, whether or Licensee disapproves or withdraws its approval not the Term shall theretofore have commenced, shall terminate with the same effect as if that day were the Expiration Date, but Tenant shall remain liable for damages as provided in Section 15.03 hereof; Licensee shall have the immediate right to terminate this Agreement; provided that the provisions of Section 6 shall not be applicable or -------- operative in this eventArticle 30.
Appears in 1 contract
Events of Default and Termination. (a) 14.01 Licensee shall be deemed to be in default of this Agreement, and Licensor shall have the right to immediately terminate this Agreement or notify Licensee that Licensor has revoked the exclusive license granted herein and that such license grant under this Agreement is now a non-exclusive licenseAgreement, in the event Licensee fails after thirty fifteen (3015) days' written notice to Licensee to make any payment due and owing under the terms of this Agreement, furnish any statement in accordance herewith, or completely comply with any other of Licensee's material obligations hereunder.
(b) 14.02 If during the Term of this Agreement Licensee shall be unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is not removed within thirty (30) days from the inception of same, Licensor may terminate this Agreement upon written notice.
(c) 14.03 If during the Term of this Agreement any of Licensee's gaming licenses is suspended, revoked or otherwise made ineffective impacted by any gaming regulatory agency, or Alliance Gaming Corporation's Compliance Committee disapproves or withdraws its approval as provided in Section 15.02 hereof, Licensor shall have the immediate right to terminate this Agreement; provided that the provisions of -------- Section 6 shall not be applicable or operative in this event.
(a) 14.04 Licensor shall be deemed to be in default of this Agreement, and Licensee shall have the right to immediately terminate this Agreement, in the event Licensor fails, after thirty fifteen (3015) days' written notice to Licensee, to completely comply with any of Licensor's material obligations hereunder.
(b) . If, during the Term of this Agreement, Licensor shall be unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is not removed within thirty (30) days from the inception of same, Licensor may terminate this Agreement upon written notice.
(c) If . Further, if during the Term of this Agreement any of Licensor's gaming licenses are suspended, revoked or otherwise made ineffective impacted by any gaming regulatory agency, or Licensee disapproves or withdraws its approval as provided in Section 15.03 hereof; if Licensor is determined by a court of competent jurisdiction not be the owner of any of the Licensed Property, Licensee shall have the immediate right to terminate this Agreement; provided that the provisions of Section 6 shall not be applicable or -------- operative in this event.
Appears in 1 contract
Events of Default and Termination. (a) Licensee shall be deemed to be in default of this Agreement, and Licensor shall have the right to immediately terminate this Agreement or notify Licensee that Licensor has revoked the exclusive license granted herein and that such license grant under this Agreement is now a non-exclusive license, in the event Licensee fails after thirty (30) days' ’ written notice to Licensee to make any payment due and owing under the terms of this Agreement, furnish any statement in accordance herewith, or completely reasonably comply with any other of Licensee's ’s obligations hereunder.
(b) If during the Term of this Agreement Licensee shall be is unable to pay its liabilities when due, or shall make makes any assignment for the benefit of creditors, or shall file files any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is not removed within thirty (30) days from the inception of same, Licensor may terminate this Agreement upon written notice.
(c) If during the Term of this Agreement any of Licensee's ’s gaming licenses is are suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Alliance Gaming Corporation's ’s Compliance Committee disapproves or withdraws its approval as provided in Section 15.02 hereof, Licensor either party shall have the immediate right to terminate this Agreement; provided that the provisions of -------- Section 6 shall not be applicable or operative in this event.
(a) Licensor shall be deemed to be in default of this Agreement, and Licensee shall have the right to immediately terminate this Agreement, in the event Licensor fails, after thirty (30) days' ’ written notice to LicenseeLicensor, to completely reasonably comply with any of Licensor's ’s obligations hereunder.
(b) If, during the Term of this Agreement, Licensor shall be is unable to pay its liabilities when due, or shall make any assignment for the benefit of creditors, or shall file files any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States or any state, and in the case of an involuntary filing only, such impediment is not removed within thirty (30) days from the inception of same, Licensor Licensee may terminate this Agreement upon written notice.
(c) If during the Term of this Agreement any of Licensor's ’s gaming licenses are suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Licensee disapproves or withdraws its approval as provided in Section 15.03 hereof; Licensee shall have the immediate right to terminate this Agreement; provided that the provisions of Section 6 shall not be applicable or -------- operative in this event.
Appears in 1 contract
Events of Default and Termination. (a) Licensee shall be deemed to be in default of this Agreement, and Licensor LESSOR shall have the right to immediately cancel or terminate this Agreement Contract without need of legal or notify Licensee that Licensor has revoked judicial action or order upon the exclusive license granted herein and that such license grant under this Agreement is now a non-exclusive license, in occurrence of any of the event Licensee fails after thirty (30) days' following events by giving written notice to Licensee LESSEE:
(a) ▇▇▇▇▇▇ shall have failed to make any payment due return and owing under surrender the terms Leased Premises upon expiration of the term of this Agreement, furnish any statement in accordance herewith, lease or completely comply with any other upon the termination or cancellation of Licensee's obligations hereunder.this lease;
(b) If during LESSEE shall terminate this Contract prior to the Term expiration of this Agreement Licensee the lease term;
(c) LESSEE shall be unable fail to pay for at least one (1) month its liabilities when dueshare of association dues or other assessments to the Condominium Corporation accruing in connection with or allocated to the Leased Premises, or shall make fail to pay the rent or any assignment for other amount due under this Contract on the benefit of creditors, or shall file any petition under any federal or state bankruptcy statute, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed date specified herein for its business payment;
(d) LESSEE fails to observe or property, or if perform any trustee in bankruptcy shall be appointed under the laws of the United States covenants provided hereunder or LESSEE commits a breach of any stateof its obligations and undertakings under this Contract, such as but not limited to use of the Leased Premises for any purpose other than as herein agreed upon, violation of the Condominium Act, the Master Deed, other easements of record, Articles of Incorporation and By-Laws of, and rules, regulations, policies and guidelines that may be adopted by, the Condominium Corporation/HOA, zoning regulations or such other restrictions on the use of the Leased Premises or Project as may be imposed by governmental and other authorities having jurisdiction regarding the use, occupancy, security and sanitation of the Leased Premises, assignment of rights over Leased Premises without securing LESSOR’s approval;
(e) any of ▇▇▇▇▇▇’s representations and warranties as specified hereunder shall prove false in any material respect when made and ▇▇▇▇▇▇ fails to rectify or remedy the case of an involuntary filing only, such impediment is not removed breach within thirty (30) days from the inception written demand of same, Licensor may terminate this Agreement upon written notice.▇▇▇▇▇▇;
(cf) If during the Term of this Agreement any of Licensee's gaming licenses is suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Alliance Gaming Corporation's Compliance Committee disapproves or withdraws its approval as provided in Section 15.02 hereof, Licensor LESSEE shall have the immediate right to terminate this Agreement; provided that the provisions of -------- Section 6 shall not be applicable become insolvent or operative in this event.
(a) Licensor shall be deemed to be in default of this Agreement, and Licensee shall have the right to immediately terminate this Agreement, in the event Licensor fails, after thirty (30) days' written notice to Licensee, to completely comply with any of Licensor's obligations hereunder.
(b) If, during the Term of this Agreement, Licensor shall be unable to pay its liabilities debts when due, due or shall make commit or permit any assignment for act of bankruptcy under the benefit applicable law; or
(g) the occurrence of creditorsany other event which entitles LESSOR to exercise its right to cancel or terminate this lease pursuant to other provisions in this Contract and under the law. In the event that ▇▇▇▇▇▇ elects to rescind and cancel this Contract, or shall file this Contract, without any petition under any federal or state bankruptcy statuteneed to resort to judicial action, or be adjudicated a bankrupt or insolvent, or if any receiver is appointed for its business or property, or if any trustee in bankruptcy shall be appointed under the laws of the United States considered cancelled or any state, and in the case of an involuntary filing only, such impediment is not removed within rescinded thirty (30) days from after service by LESSOR upon LESSEE, either by personal delivery, private courier, facsimile, registered mail, and/or of a notice of cancellation or rescission at the inception LESSEE’s indicated address in the Information Sheet, unless the LESSEE notifies LESSOR of samehis change of address in writing. In which case, Licensor may terminate this Agreement upon written noticethe notice of cancellation shall be sent to the new address.
(c) If during the Term of this Agreement any of Licensor's gaming licenses are suspended, revoked or otherwise made ineffective by any gaming regulatory agency, or Licensee disapproves or withdraws its approval as provided in Section 15.03 hereof; Licensee shall have the immediate right to terminate this Agreement; provided that the provisions of Section 6 shall not be applicable or -------- operative in this event.
Appears in 1 contract
Sources: Lease Agreement