Common use of Memorabilia Clause in Contracts

Memorabilia. Operator shall procure for the Complex, at the cost of purchase plus delivery to the Complex, certain items of memorabilia in keeping with the "Hollywood Casino" theme that will be either affixed to the Complex so as to become a fixture or so unique to the Complex that there is no intention to move such memorabilia to any other "Hollywood Casino" property (the "Owner Memorabilia"). The Owner Memorabilia shall be owned by the Owner and the cost of which shall be included in the Budgets and shall satisfy the terms of Section 4.10 of this Agreement. In addition, Operator and/or its affiliates from time to time will procure the use of certain other moveable memorabilia which periodically may be transferred by and between various "Hollywood Casino" properties (the "Non-Owner Memorabilia"). Owner agrees and acknowledges that Owner shall have no right to, title in or interest in the Non-Owner Memorabilia. Upon termination of this Agreement, for whatever reason, Owner shall, within the earlier to occur of expiration of the license agreement referred to in the last sentence of Section 7.04 of this Agreement or sixty (60) days from termination of this Agreement, certify to Operator that all NonOwner Memorabilia has been returned to Operator.

Appears in 1 contract

Sources: Master Agreement (HWCC Tunica Inc)

Memorabilia. Operator shall procure for the Complex, at the cost of ----------- purchase plus delivery to the Complex, certain items of memorabilia in keeping with the "Hollywood Casino" theme that will be either affixed to the Complex so as to become a fixture or so unique to the Complex that there is no intention to move such memorabilia to any other "Hollywood Casino" property (the "Owner Memorabilia"). The Owner Memorabilia shall be owned by the Owner and the cost of which shall be included in the Budgets and shall satisfy the terms of Section ------- 4.10 of this Agreement. In addition, Operator and/or its affiliates from time ---- to time will procure the use of certain other moveable memorabilia which periodically may be transferred by and between various "Hollywood Casino" properties (the "Non-Owner Memorabilia"). Owner agrees and acknowledges that Owner shall have no right to, title in or interest in the Non-Owner Memorabilia. Upon termination of this Agreement, for whatever reason, Owner shall, within the earlier to occur of expiration of the license agreement referred to in the last sentence of Section 7.04 of this Agreement or sixty (60) days from termination ------------ of this Agreement, certify to Operator that all NonOwner Non-Owner Memorabilia has been returned to Operator.. ARTICLE EIGHT ------------- DAMAGE TO AND DESTRUCTION OF THE COMPLEX ----------------------------------------

Appears in 1 contract

Sources: Management Services Agreement (HWCC Tunica Inc)