Common use of Application of Gaming Laws Clause in Contracts

Application of Gaming Laws. Notwithstanding anything to the contrary contained herein, certain rights, remedies and powers of the Collateral Agent and the other Secured Parties under this Agreement, including but not limited to, the exercise of remedial rights upon Pledged Collateral, voting of Pledged Equity Interests in (or otherwise taking control of) Persons licensed by the Gaming Authorities and/or under Gaming Laws and the exercise of powers of attorney granted by any such Persons, may be exercised only to the extent that (i) the exercise thereof does not violate any applicable laws, rules and regulations of the Gaming Authorities including Gaming Laws, and (ii) all necessary approvals, licenses and consents (including prior approvals) from the Gaming Authorities required in connection therewith are obtained.

Application of Gaming Laws. Notwithstanding anything This Agreement is subject to applicable Gaming Laws. Without limiting the contrary contained hereinforegoing, certain each of the Administrative Agent and the Lenders acknowledges that (i) it is subject to being called forward by the Gaming Authorities, in their discretion, for a finding of suitability or to file or provide other information, and (ii) all rights, remedies and powers of the Collateral Agent and the other Secured Parties in or under this Agreement, including but not limited to, with respect to the exercise of remedial rights upon Pledged Collateral, voting of Pledged Equity Interests in Collateral (or otherwise taking control ofincluding any pledged Investment Property) Persons licensed by the Gaming Authorities and/or under Gaming Laws and the exercise ownership and operation of powers of attorney granted by any such PersonsGaming Facilities, may be exercised only to the extent that (i) the exercise thereof does not violate any applicable laws, rules and regulations provisions of the Gaming Authorities including Gaming Laws, Laws and (ii) all necessary approvals, licenses and consents only to the extent that any required approvals (including prior approvals) are obtained from the Gaming Authorities required in connection therewith are obtainedrequisite Governmental Authorities.