Common use of Application of Gaming Laws Clause in Contracts

Application of Gaming Laws. (a) This Agreement, the Security Agreement and the other Loan Documents are subject to Gaming Laws and approval, if so required, of the applicable Gaming Board. Without limiting the foregoing, each of the Administrative Agent and the Lender Parties acknowledges that (i) it is subject to being called forward by the Gaming Board in their discretion, for licensing or a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Documents, including with respect to the Collateral (including Equity Securities), may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and only to the extent that required approvals are obtained from the requisite Gaming Boards.

Appears in 2 contracts

Samples: Credit Agreement (Monarch Casino & Resort Inc), Credit Agreement (Monarch Casino & Resort Inc)

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Application of Gaming Laws. (a) This Agreement, the Security Agreement and the other Loan Credit Documents are subject to Gaming Laws and approval, if so required, of the applicable Gaming BoardLaws. Without limiting the foregoing, each of the Administrative Agent and the Lender Parties Lenders acknowledges that (i) it is subject to being called forward by the Gaming Board Authorities, in their discretion, for licensing or a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Credit Documents, including with respect to the Collateral (including Equity Securities)) and the ownership and operation of Gaming Facilities, may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite Gaming BoardsGovernmental Authorities.

Appears in 2 contracts

Samples: Credit Agreement (Sands Regent), Credit Agreement (Sands Regent)

Application of Gaming Laws. (a) This Agreement, the Security Agreement and the other Loan Documents are subject to Gaming Laws and approval, if so required, of the applicable Gaming BoardLaws. Without limiting the foregoing, each of the Administrative Agent Lenders and the Lender Parties acknowledges Agents acknowledge that (i) it is they are subject to being called forward by the jurisdiction of the Gaming Board Authorities and Liquor Authorities, in their discretion, for licensing licensing, qualification or a finding findings of suitability or to file or provide other information, and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Documents, including with respect Documents and the ownership and operation of facilities are subject to the Collateral (including Equity Securities)jurisdiction of the Gaming Authorities and Liquor Authorities, and may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and Liquor Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite relevant Gaming BoardsAuthorities and Liquor Authorities.

Appears in 1 contract

Samples: Interim Loan Agreement (Harrahs Entertainment Inc)

Application of Gaming Laws. (a) This a)This Agreement, the Security Agreement and the other Loan Documents are subject to Gaming Laws and approval, if so required, of the applicable Gaming Board. Without limiting the foregoing, each of the Administrative Agent and the Lender Parties acknowledges that (i) it is subject to being called forward by the Gaming Board in their discretion, for licensing or a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Documents, including with respect to the Collateral (including Equity Securities), may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and only to the extent that required approvals are obtained from the requisite Gaming Boards.

Appears in 1 contract

Samples: Credit Agreement (Monarch Casino & Resort Inc)

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Application of Gaming Laws. (a) This Agreement, the Security Agreement and the other Loan Documents are subject to Gaming Laws and approval, if so required, of the applicable Gaming BoardLaws. Without limiting the foregoing, each of the Lenders, the Administrative Agent and the Lender Parties acknowledges Obligors acknowledge that (i) it is they are subject to being called forward by the jurisdiction of the Gaming Board Boards, in their discretion, for licensing licensing, qualification or a finding findings of suitability or to file or provide other information, information and (ii) all rights, remedies and powers in or under this Agreement and the other Loan Documents, including with respect to the Collateral (including Equity Securities)collateral described in the Security Documents and the ownership and operation of facilities are subject to the jurisdiction of the Gaming Boards, and may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of the Gaming Laws and only to the extent that required approvals (including prior approvals) are obtained from the requisite relevant Gaming Boards.

Appears in 1 contract

Samples: Credit Agreement (Herbst Gaming, LLC)

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