This excerpt taken from the MNTG 8-K filed Jan 15, 2008.
Purchasers Closing Deliveries has the meaning ascribed to it in Section 9.2.
Ramada has the meaning ascribed to it in Section 5.2(g).
Ramada Agreements shall mean the License Agreement dated as of September 4, 1998, as amended as of March 22, 1999, and as further amended as of January 27, 2005, by and between Ramada Franchise Systems, Inc., Speakeasy Gaming of Las Vegas, Inc., and MTR Gaming Group, Inc., and the ancillary agreements executed in connection therewith, relating to a license to operate a Ramada® System Unit located at 3227 Civic Center Drive, Las Vegas, NV 89030, designated as Unit #5692-85312.
Real Property has the meaning ascribed to it in Recital A.
Real Property Purchase Agreement has the meaning ascribed to it in Recital C.
Seller has the meaning ascribed to it in the introductory paragraph.
Sellers Affiliates has the meaning ascribed to it in Section 6.18(b).
Sellers Closing Deliveries has the meaning ascribed to it in Section 9.1.
Sellers Deposits means any deposits for rooms and/or services furnished relating to the pre-closing period, including, but not limited to, all security and other deposits, advance or prepaid rents or other amounts and key money or deposits (including any interest thereon) and all money stored on deposit at the Hotel belonging to, and stored in an account for a person.
Sellers Employees has the meaning ascribed to it in Section 6.14.
Serta Expenditure has the meaning ascribed to it in Section 12.8(a).
Taxes means any and all taxes, charges, fees, levies, tariffs, duties, liabilities, impositions or other assessments of any kind (together with any and ail interest, penalties, additions to tax and additional amounts imposed with respect thereto) imposed by any tax authority or other Governmental Authorities, including income, gross receipts, profits, gaming, excise, real or personal property, environmental, sales, use, value-added, ad valorem, withholding, social security, retirement, employment, unemployment, workers compensation, occupation, service, license, net worth, capital stock, payroll, franchise, gains, stamp, transfer
taxes, and shall include any Liability for the taxes of any other Person under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local, or foreign law), or as a transferee or successor, by contract, or otherwise.
Escrow Holder shall mean Nevada Title Company, 2500 N. Buffalo, Suite 150, Las Vegas, Nevada 89128 (Attention: Troy Lochhead) or such other nationally recognized Escrow Holder that may be designated by Purchaser.
Tray Ledger means any accounts receivable of registered guests who have not checked out and who are occupying rooms at the Hotel on the evening of the Closing Date.
WARN means the Worker Adjustment and Retraining Notification Act of 1988 and analogous state and local law.