DEFAULT ON A FUTURE OCCASION. IN THE EVENT OF DEFAULT, LESSOR SHALL
BE ENTITLED TO RECOVER ALL COSTS, EXPENSES, LOSSES, DAMAGES AND LEGAL COSTS
(INCLUDING REASONABLE ATTORNEYS' FEES) INCURRED BY LESSOR IN CONNECTION WITH THE
ENFORCEMENT OF LESSOR'S REMEDIES. ALL RIGHTS AND REMEDIES OF LESSOR ARE
CUMULATIVE AND ARE IN ADDITION TO ANY OTHER REMEDIES PROVIDED FOR AT LAW OR IN
EQUITY INCLUDING THE UNIFORM COMMERCIAL CODE, IF APPLICABLE, AND MAY, TO THE
EXTENT PERMITTED BY LAW, BE EXERCISED CONCURRENTLY OR SEPARATELY.
A TERMINATION
HEREUNDER SHALL OCCUR ONLY UPON WRITTEN NOTICE BY LESSOR TO LESSEE AND NO
REPOSSESSION OR OTHER ACT BY LESSOR AFTER DEFAULT SHALL RELIEVE LESSEE FROM ANY
OF ITS OBLIGATIONS TO LESSOR HEREUNDER UNLESS LESSOR SO NOTIFIES LESSEE IN
WRITING.
20.4.
IN THE EVENT OF A DEFAULT BY LESSEE, LESSOR MAY, AT
ITS OPTION, DECLARE THIS AGREEMENT TERMINATED WITHOUT FURTHER LIABILITY OR
OBLIGATION TO THE DEFAULTING PARTY.
21.
COMPLIANCE WITH GOVERNMENTAL AGENCIES.
21.1.
ALL SERVICES FURNISHED HEREUNDER SHALL COMPLY WITH
THE REQUIREMENTS OF ALL GOVERNMENTAL AUTHORITIES HAVING JURISDICTION (THE
"AUTHORITIES"). THE TERMS AND CONDITIONS OF THE LEASE OR ANY LEASE SCHEDULE
SHALL BE SUBJECT TO THE APPROVAL BY THE AUTHORITIES, IF SUCH APPROVAL IS SO
REQUIRED. IT IS UNDERSTOOD THAT, IF AT ANY TIME EITHER PRIOR TO OR SUBSEQUENT TO
THE INITIAL STARTING DATE OF THE LEASE OR ANY LEASE SCHEDULE, THE AUTHORITIES
SHALL RENDER A FINAL DETERMINATION EITHER DISAPPROVING THE TERMS AND CONDITIONS
OF THE LEASE OR ANY LEASE SCHEDULE OR DENYING THE APPLICATION OF LESSOR FOR A
GAMING LICENSE, VENDOR REGISTRATION OR CASINO SERVICE SUPPLIER, OR IF LESSOR
ALREADY HAS SUCH A LICENSE, THE QUALIFICATIONS OF LESSOR THAT THEN, IN EITHER OF
SUCH EVENTS, THE LEASE, OR ANY LEASE SCHEDULE SHALL BE DEEMED TERMINATED, AS OF
THE DATE OF SUCH DISAPPROVAL OR DENIAL, AS THOUGH SUCH DATE WERE THE DATE
ORIGINALLY FIXED HEREIN FOR THE NOTICE OF TERMINATION OF THE LEASE OR ANY LEASE
SCHEDULE.
14
21.2.
IF THE LEASE OR ANY LEASE SCHEDULE IS SO
TERMINATED, THEN LESSEE SHALL TENDER PAYMENT TO LESSOR OF (I) ANY AMOUNTS THEN
DUE AND OWING UNDER THE LEASE AND ANY LEASE SCHEDULE, INCLUDING BUT NOT LIMITED
TO SUCH ITEMS AS RENT, LATE CHARGES, AND TAXES PAID BY OR ASSESSED UPON LESSOR,
AND (II) THE AMOUNT EQUAL TO THE TERMINATION VALUE, AS DEFINED BELOW, AND LESSOR
SHALL TRANSFER TITLE TO THE EQUIPMENT TO LESSEE AND IN THAT EVENT THE PARTIES
HERETO SHALL HAVE NO FURTHER LIABILITY TO EACH OTHER. LESSEE AGREES TO COMPLY
WITH ALL REQUIREMENTS OF EVERY GOVERNMENTAL AUTHORITY WHICH HAS JURISDICTION
OVER THE LEASE OR ANY LEASE SCHEDULE AND OVER LESSEE. TERMINATION VALUE SHALL BE
DEFINED AS THE NET PRESENT VALUE OF THE REMAINING RENTALS DUE, INCLUDING THE
PURCHASE OPTION AMOUNT, DISCOUNTED AT THE ORIGINAL ALL-IN YIELD, FOR EACH LEASE
SCHEDULE.
22.
WAIVER OF JURY TRIAL.
THE PASTIES HEREBY
KNOWINGLY AND VOLUNTARILY WAIVE THEIR RIGHT TO A JURY TRIAL ON ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING OUT OF DIRECTLY OR INDIRECTLY, THIS