Common use of Any Increasing Advance Clause in Contracts

Any Increasing Advance. The obligation of each Lender to make any Advance, and the obligation of the Issuing Lender to issue Letters of Credit, which would result in an increase in the outstanding principal amount of the Outstanding Obligations owed to that Lender, is subject to the following conditions precedent (unless the Requisite Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 3 contracts

Samples: Loan Agreement (MGM Resorts International), Loan Agreement (MGM Resorts International), Loan Agreement (MGM Mirage)

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Any Increasing Advance. The obligation of each Lender to make any AdvanceAdvance which results in an increase in the aggregate outstanding principal amount of the Obligations, and the obligation of the Issuing Lender to issue Letters a Letter of Credit, which would result in an increase in the outstanding principal amount of the Outstanding Obligations owed to that Lender, is subject to the following conditions precedent (unless the Requisite Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 2 contracts

Samples: Loan Agreement (Alliance Gaming Corp), Loan Agreement (Alliance Gaming Corp)

Any Increasing Advance. The obligation of each Lender to make any Advance, and the obligation of the Issuing Lender Lenders to issue Letters of Credit, which would result in an increase in the outstanding principal amount of the Outstanding Obligations owed to that Lender, is subject to the following conditions precedent (unless the Requisite Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 2 contracts

Samples: Loan Agreement (MGM Mirage), Loan Agreement (MGM Mirage)

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Any Increasing Advance. The obligation of each Lender to make any Advance, and the obligation of the Issuing Lender to issue Letters a Letter of Credit, which would result in an increase in the outstanding principal amount of the Outstanding Obligations owed to that LenderObligations, is subject to the following conditions precedent (unless the Requisite Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 1 contract

Samples: Loan Agreement (MGM Mirage)

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