Common use of Additional Negative Covenants of CEC Clause in Contracts

Additional Negative Covenants of CEC. Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries:

Appears in 3 contracts

Samples: Call Right Agreement (CAESARS ENTERTAINMENT Corp), Agreement (CAESARS ENTERTAINMENT Corp), Agreement (CAESARS ENTERTAINMENT Corp)

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Additional Negative Covenants of CEC. Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Bank Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries:subsidiaries take any actions outside the ordinary course of business that would have a material adverse effect on Consenting Bank Creditors’ recoveries under the Plans or the contributions to be provided to the Debtors under the Plans.

Appears in 2 contracts

Samples: Agreement (CAESARS ENTERTAINMENT Corp), Agreement (CAESARS ENTERTAINMENT Corp)

Additional Negative Covenants of CEC. Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries:subsidiaries take any actions outside the ordinary course of business that would have a material adverse effect on Consenting Creditors’ recoveries under the Plan or the contributions to be provided to the Debtors under the Plan.

Appears in 2 contracts

Samples: Guaranty and Pledge Agreement (CAESARS ENTERTAINMENT Corp), Guaranty and Pledge Agreement (CAESARS ENTERTAINMENT Corp)

Additional Negative Covenants of CEC. Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Second Lien Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries:debtor subsidiaries take any actions outside the ordinary course of business that would have a materially adverse effect on the economic value of the CEC Convertible Notes.

Appears in 1 contract

Samples: Agreement (CAESARS ENTERTAINMENT Corp)

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Additional Negative Covenants of CEC. Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Second Lien Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries:subsidiaries take any actions outside the ordinary course of business that would have a material adverse effect on Consenting Second Lien Creditors’ recoveries under the Plans or the contributions to be provided to the Debtors under the Plans.

Appears in 1 contract

Samples: Agreement (CAESARS ENTERTAINMENT Corp)

Additional Negative Covenants of CEC. Subject to the terms and conditions hereof, for the duration of the Restructuring Support Period, CEC (except with the prior written consent of the Requisite Consenting Bank Creditors) shall not, directly or indirectly through any of its non-Debtor subsidiaries:subsidiaries take any actions outside the ordinary course of business that would have a material adverse effect on Consenting Bank Creditors’ recoveries under the Plan or the contributions to be provided to the Debtors under the Plan.

Appears in 1 contract

Samples: Agreement (CAESARS ENTERTAINMENT Corp)

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