Common use of PROJECT OPENING Clause in Contracts

PROJECT OPENING. Upon, and as a condition to, Project Opening, Tenant shall pay the Project Opening Fee described in Section 5(a)(ii). On or before the date of Project Opening, the parties shall execute a memorandum prepared by Landlord and reasonably acceptable to Tenant establishing the Project Opening date (and the date payments of Minimum Rent or Percentage Rent, as the case may be, shall be due under Section 5), which memorandum shall become an attachment to this Lease.

Appears in 2 contracts

Sources: Lease and Development Agreement (Showboat Inc), Asset Purchase and Sale Agreement (Ameristar Casinos Inc)