Common use of Expansion Project Clause in Contracts

Expansion Project. The Members acknowledge and agree that the timely completion of the Expansion Project is critical to the success of the Company. The Capital Members covenant and agree to use good faith and diligent efforts (a) to cooperate with each other to finalize the Approved Development Plans and Approved Development Budget, in connection with the Expansion Project, and (b) to cause timely commencement and completion of the Expansion Project (as the same may be modified by the Board from time to time).

Appears in 1 contract

Sources: Limited Liability Company Agreement (Hard Rock Hotel Holdings, LLC)

Expansion Project. The Members acknowledge and agree that the timely completion of the Expansion Project is critical to the success of the Company. The Capital Members covenant and agree to use good faith and diligent efforts (a) to cooperate with each other to finalize the Approved Development Plans and Approved Development Budget, in connection with the Expansion Project, consistent with the cost parameters contemplated in Exhibit D, and (b) to cause timely commencement and completion of the Expansion Project (as the same may be modified by the Board from time to time).

Appears in 1 contract

Sources: Limited Liability Company Agreement (Hard Rock Hotel Holdings, LLC)