Common use of Reciprocal Termination Clause in Contracts

Reciprocal Termination. Notwithstanding any other provision of this Agreement to the contrary, each party shall have the right to terminate this Agreement on forty-five (45) days prior written notice (or such lesser period mandated by the Board) to the other in the event such other party shall cause, commit or suffer to exist with respect to: (a) A material breach of this Agreement which is not cured within the aforementioned forty-five (45) day period of written notice thereof; (b) The institution of any statute, regulation, rule or ruling rendering the conduct of gaming in the United States or at the Complex illegal; (c) The Board shall deem Operator unsuitable; (d) Service ▇▇▇▇ registrations No. 1,851,759 or 1,903,858 for "Hollywood Casino" shall be rescinded by the U. S. Patent and Trademark Office. or a court of competent jurisdiction shall have entered a final non-appealable order enjoining or otherwise preventing the Operator from utilizing the "Hollywood Casino" ▇▇▇▇ at the Complex; or (e) HWCC-Louisiana, Inc. or its assignee or transferee ("HWCC") fails to contribute the lesser of (i) the portion of capital for which it is obligated under the terms of the Master Agreement dated October____, 1997, by and among New Orleans Paddlewheels, Inc., Shreveport Paddlewheels, Inc., Sodak Gaming, Inc. and HWCC (the "Master Agreement") or the Amended and Restated Joint Venture Agreement of QNOV and (ii) the amount of capital contributed at such time by Sodak Gaming, Inc., its affiliate or their assignee or transferee.

Reciprocal Termination. Notwithstanding any other provision of this ---------------------- Agreement to the contrary, each party shall have the right to terminate this Agreement on forty-five (45) days prior written notice (or such lesser period mandated by the Board) to the other in the event such other party shall cause, commit or suffer to exist with respect to: (a) A material breach of this Agreement which is not cured within the aforementioned forty-five (45) day period of written notice thereof; (b) The institution of any statute, regulation, rule or ruling rendering the conduct of gaming in the United States or at the Complex illegal; (c) The Board shall deem Operator unsuitable; (d) Service ▇▇▇▇ registrations No. 1,851,759 or 1,903,858 for "Hollywood Casino" shall be rescinded by the U. S. Patent and Trademark Office. or a court of competent jurisdiction shall have entered a final non-non- appealable order enjoining or otherwise preventing the Operator from utilizing the "Hollywood Casino" ▇▇▇▇ at the Complex; or (e) HWCC-Louisiana, Inc. or its assignee or transferee ("HWCC") fails to contribute the lesser of (i) the portion of capital for which it is obligated under the terms of the Amended and Restated Master Agreement dated October____July 31, 19971998, by and among New Orleans Paddlewheels, Inc., Shreveport Paddlewheels, Inc.L.L.C., Sodak GamingLouisiana, Inc. L.L.C. and HWCC (the "Master Agreement") or the Amended and Restated Joint Venture Agreement of QNOV and (ii) the amount of capital contributed at such time by Sodak GamingLouisiana, Inc.L.L.C., its affiliate or their assignee or transferee.